Advisors Asset Management Inc. Acquires 6,662 Shares of SharkNinja, Inc. (NYSE:SN)

Advisors Asset Management Inc. grew its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 50.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,817 shares of the company's stock after purchasing an additional 6,662 shares during the quarter. Advisors Asset Management Inc.'s holdings in SharkNinja were worth $2,154,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SN. Signaturefd LLC boosted its stake in SharkNinja by 104.6% during the 3rd quarter. Signaturefd LLC now owns 356 shares of the company's stock worth $39,000 after acquiring an additional 182 shares during the last quarter. Hollencrest Capital Management bought a new position in shares of SharkNinja during the third quarter worth $54,000. Waldron Private Wealth LLC acquired a new position in shares of SharkNinja in the 3rd quarter valued at $65,000. Picton Mahoney Asset Management bought a new stake in shares of SharkNinja in the 2nd quarter valued at $70,000. Finally, Kessler Investment Group LLC acquired a new stake in SharkNinja during the 2nd quarter worth $125,000. Institutional investors and hedge funds own 34.77% of the company's stock.

SharkNinja Stock Up 4.5 %

Shares of NYSE:SN traded up $4.38 during midday trading on Monday, reaching $102.72. The company had a trading volume of 1,447,152 shares, compared to its average volume of 1,220,945. SharkNinja, Inc. has a 1-year low of $45.35 and a 1-year high of $112.93. The stock has a market cap of $14.37 billion, a PE ratio of 40.28, a P/E/G ratio of 1.62 and a beta of 1.04. The company has a quick ratio of 0.95, a current ratio of 1.67 and a debt-to-equity ratio of 0.42. The business's 50 day moving average price is $104.29 and its 200 day moving average price is $88.99.

SharkNinja (NYSE:SN - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.17. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The business had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.31 billion. During the same period last year, the business earned $0.95 earnings per share. The firm's revenue was up 33.3% on a year-over-year basis. Research analysts forecast that SharkNinja, Inc. will post 3.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SN. Guggenheim boosted their target price on SharkNinja from $100.00 to $120.00 and gave the company a "buy" rating in a research note on Monday, October 7th. Morgan Stanley boosted their price objective on SharkNinja from $80.00 to $93.00 and gave the company an "equal weight" rating in a research report on Friday, November 1st. Canaccord Genuity Group raised their target price on shares of SharkNinja from $126.00 to $128.00 and gave the stock a "buy" rating in a report on Friday, October 25th. The Goldman Sachs Group upped their price target on shares of SharkNinja from $102.00 to $123.00 and gave the company a "buy" rating in a report on Monday, October 21st. Finally, Bank of America increased their price objective on shares of SharkNinja from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Tuesday, August 13th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $110.85.

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.