SharkNinja, Inc. (NYSE:SN) Position Increased by Encompass More Asset Management

Encompass More Asset Management raised its stake in SharkNinja, Inc. (NYSE:SN) by 111.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,627 shares of the company’s stock after buying an additional 2,971 shares during the period. Encompass More Asset Management’s holdings in SharkNinja were worth $548,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. FMR LLC grew its position in SharkNinja by 47.5% during the 3rd quarter. FMR LLC now owns 10,307,632 shares of the company’s stock worth $1,120,543,000 after purchasing an additional 3,321,684 shares in the last quarter. Baillie Gifford & Co. grew its holdings in shares of SharkNinja by 6,408.9% during the third quarter. Baillie Gifford & Co. now owns 1,825,626 shares of the company’s stock valued at $198,464,000 after buying an additional 1,797,578 shares in the last quarter. Westfield Capital Management Co. LP acquired a new stake in SharkNinja during the 3rd quarter worth about $114,878,000. WCM Investment Management LLC acquired a new position in SharkNinja in the 3rd quarter valued at approximately $23,874,000. Finally, Artemis Investment Management LLP acquired a new stake in SharkNinja during the third quarter valued at $24,391,000. Institutional investors own 34.77% of the company’s stock.

SharkNinja Stock Down 0.3 %

Shares of SN opened at $111.34 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67. The company has a 50-day simple moving average of $101.12 and a 200-day simple moving average of $96.36. SharkNinja, Inc. has a 52 week low of $45.85 and a 52 week high of $112.93. The firm has a market capitalization of $15.58 billion, a P/E ratio of 43.72, a P/E/G ratio of 1.59 and a beta of 1.10.

SharkNinja (NYSE:SN) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.17. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.31 billion. SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. The company’s quarterly revenue was up 33.3% on a year-over-year basis. During the same quarter last year, the company earned $0.95 EPS. On average, equities research analysts expect that SharkNinja, Inc. will post 3.89 earnings per share for the current year.

Analyst Ratings Changes

SN has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Guggenheim upped their price objective on shares of SharkNinja from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Jefferies Financial Group raised their target price on SharkNinja from $115.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Oppenheimer initiated coverage on SharkNinja in a research note on Tuesday, October 1st. They set an “outperform” rating and a $120.00 price target for the company. Finally, The Goldman Sachs Group boosted their target price on SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a report on Monday, October 21st. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, SharkNinja currently has an average rating of “Moderate Buy” and a consensus price target of $117.28.

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.