SharkNinja (NYSE:SN) Price Target Raised to $136.00

SharkNinja (NYSE:SN) had its target price upped by equities research analysts at Canaccord Genuity Group from $129.00 to $136.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 24.10% from the company’s current price.

Several other equities research analysts have also weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. increased their price objective on shares of SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Jefferies Financial Group raised their price target on shares of SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Morgan Stanley raised their price target on shares of SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, SharkNinja presently has a consensus rating of “Moderate Buy” and an average price target of $120.83.

SharkNinja Stock Performance

Shares of SN stock opened at $109.59 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. SharkNinja has a one year low of $49.86 and a one year high of $123.00. The company’s 50-day simple moving average is $104.69 and its 200-day simple moving average is $100.45. The stock has a market capitalization of $15.34 billion, a price-to-earnings ratio of 42.94, a PEG ratio of 1.74 and a beta of 1.13.

SharkNinja (NYSE:SN) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.06). SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. Equities analysts anticipate that SharkNinja will post 3.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Stifel Financial Corp boosted its holdings in shares of SharkNinja by 11.7% in the fourth quarter. Stifel Financial Corp now owns 5,352 shares of the company’s stock valued at $521,000 after acquiring an additional 562 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of SharkNinja by 48.2% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 73,197 shares of the company’s stock valued at $7,127,000 after acquiring an additional 23,800 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of SharkNinja by 489.5% in the fourth quarter. First Trust Advisors LP now owns 226,751 shares of the company’s stock valued at $22,076,000 after acquiring an additional 188,283 shares in the last quarter. Forum Financial Management LP bought a new position in shares of SharkNinja in the fourth quarter valued at approximately $266,000. Finally, Altshuler Shaham Ltd bought a new position in shares of SharkNinja in the fourth quarter valued at approximately $209,000. 34.77% of the stock is currently owned by institutional investors.

SharkNinja Company Profile

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.