Harbor Capital Advisors Inc. Boosts Stake in SharkNinja, Inc. (NYSE:SN)

Harbor Capital Advisors Inc. raised its stake in shares of SharkNinja, Inc. (NYSE:SN) by 30.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 117,403 shares of the company’s stock after acquiring an additional 27,436 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in SharkNinja were worth $11,430,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SN. Principal Financial Group Inc. bought a new stake in SharkNinja during the second quarter valued at about $382,000. Rhumbline Advisers lifted its position in shares of SharkNinja by 1,810.4% during the second quarter. Rhumbline Advisers now owns 60,769 shares of the company’s stock valued at $4,567,000 after buying an additional 57,588 shares during the last quarter. William Blair Investment Management LLC bought a new stake in shares of SharkNinja in the 2nd quarter valued at about $190,482,000. Dimensional Fund Advisors LP grew its position in shares of SharkNinja by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 750,434 shares of the company’s stock worth $56,401,000 after buying an additional 14,140 shares during the last quarter. Finally, Quantbot Technologies LP raised its stake in shares of SharkNinja by 43.3% during the 2nd quarter. Quantbot Technologies LP now owns 89,621 shares of the company’s stock worth $6,735,000 after acquiring an additional 27,075 shares in the last quarter. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Canaccord Genuity Group raised their target price on shares of SharkNinja from $128.00 to $129.00 and gave the company a “buy” rating in a research note on Wednesday. Morgan Stanley raised their price objective on SharkNinja from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Jefferies Financial Group upped their target price on SharkNinja from $115.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lowered their price target on SharkNinja from $128.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Finally, The Goldman Sachs Group boosted their price target on SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, SharkNinja has a consensus rating of “Moderate Buy” and a consensus target price of $116.50.

SharkNinja Stock Performance

Shares of NYSE:SN traded up $3.32 during midday trading on Friday, reaching $105.54. The company’s stock had a trading volume of 520,213 shares, compared to its average volume of 732,693. The firm has a market capitalization of $14.77 billion, a PE ratio of 41.39, a P/E/G ratio of 1.65 and a beta of 1.10. The stock has a fifty day moving average of $98.92 and a 200 day moving average of $94.11. SharkNinja, Inc. has a twelve month low of $45.85 and a twelve month high of $112.93. The company has a quick ratio of 0.95, a current ratio of 1.67 and a debt-to-equity ratio of 0.42.

SharkNinja (NYSE:SN) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.17. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.31 billion. SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. During the same quarter in the previous year, the firm posted $0.95 EPS. The company’s revenue for the quarter was up 33.3% on a year-over-year basis. On average, equities analysts expect that SharkNinja, Inc. will post 3.88 EPS for the current fiscal year.

About SharkNinja

SharkNinja, Inc, a product design and technology company, engages in the provision of various solutions for consumers worldwide. It offers cleaning appliances, including corded and cordless vacuums, including handheld and robotic vacuums, as well as other floorcare products comprising steam mops, wet/dry cleaning floor products, and carpet extraction; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, carbonation, cookware, cutlery, kettles, toasters and bakeware; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, such as hair dryers and stylers, as well as home environment products comprising air purifiers and humidifiers.