Advisors Asset Management Inc. Purchases 4,013 Shares of SharkNinja, Inc. (NYSE:SN)

Advisors Asset Management Inc. increased its stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 20.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,830 shares of the company's stock after buying an additional 4,013 shares during the quarter. Advisors Asset Management Inc.'s holdings in SharkNinja were worth $2,320,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SN. State Street Corp raised its position in shares of SharkNinja by 17.8% in the 3rd quarter. State Street Corp now owns 667,003 shares of the company's stock valued at $72,510,000 after buying an additional 101,020 shares in the last quarter. Tidal Investments LLC raised its position in SharkNinja by 38.7% during the third quarter. Tidal Investments LLC now owns 19,397 shares of the company's stock valued at $2,109,000 after purchasing an additional 5,416 shares in the last quarter. Lord Abbett & CO. LLC bought a new stake in SharkNinja during the third quarter worth $5,832,000. Harbor Capital Advisors Inc. boosted its holdings in shares of SharkNinja by 30.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 117,403 shares of the company's stock valued at $11,430,000 after purchasing an additional 27,436 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of SharkNinja by 112.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 10,953 shares of the company's stock valued at $1,066,000 after purchasing an additional 5,790 shares during the last quarter. Institutional investors own 34.77% of the company's stock.

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Wall Street Analysts Forecast Growth

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

SharkNinja Trading Down 1.9 %

NYSE SN traded down $1.74 on Wednesday, hitting $89.84. The company's stock had a trading volume of 1,110,152 shares, compared to its average volume of 1,235,559. The company's 50-day moving average is $103.25 and its 200 day moving average is $102.60. The firm has a market cap of $12.57 billion, a PE ratio of 28.89, a PEG ratio of 2.35 and a beta of 1.24. SharkNinja, Inc. has a 1-year low of $59.78 and a 1-year high of $123.00. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.20 earnings per share for the quarter, missing analysts' consensus estimates of $1.26 by ($0.06). The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. As a group, analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

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.