SharkNinja, Inc. (NYSE:SN) Shares Purchased by Advisors Asset Management Inc.

Advisors Asset Management Inc. increased its stake in shares of SharkNinja, Inc. (NYSE:SN) by 20.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,830 shares of the company’s stock after purchasing an additional 4,013 shares during the period. Advisors Asset Management Inc.’s holdings in SharkNinja were worth $2,320,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Safe Harbor Fiduciary LLC acquired a new position in shares of SharkNinja during the 3rd quarter worth about $54,000. R Squared Ltd acquired a new position in shares of SharkNinja during the 4th quarter worth about $55,000. Northwest & Ethical Investments L.P. acquired a new position in shares of SharkNinja during the 3rd quarter worth about $163,000. SG Americas Securities LLC acquired a new position in shares of SharkNinja during the 4th quarter worth about $171,000. Finally, First Dallas Securities Inc. acquired a new position in shares of SharkNinja during the 3rd quarter worth about $215,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

SharkNinja Stock Performance

SharkNinja stock opened at $87.95 on Friday. The firm has a 50 day simple moving average of $103.78 and a 200-day simple moving average of $102.57. SharkNinja, Inc. has a 1-year low of $59.12 and a 1-year high of $123.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. The stock has a market cap of $12.31 billion, a price-to-earnings ratio of 28.28, a price-to-earnings-growth ratio of 2.35 and a beta of 1.24.

SharkNinja (NYSE:SN) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.06). SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.61 billion. On average, analysts expect that SharkNinja, Inc. will post 4.52 EPS for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on SN shares. Morgan Stanley upped their price objective on shares of SharkNinja from $93.00 to $108.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. upped their price objective on shares of SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Jefferies Financial Group upped their price objective on shares of SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Finally, Canaccord Genuity Group upped their price objective on shares of SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, February 14th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $122.50.

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.