Artemis Investment Management LLP Raises Stock Holdings in SharkNinja, Inc. (NYSE:SN)

Artemis Investment Management LLP increased its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 74.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 390,757 shares of the company's stock after buying an additional 166,392 shares during the quarter. Artemis Investment Management LLP owned about 0.28% of SharkNinja worth $38,044,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Stifel Financial Corp boosted its holdings in SharkNinja by 2.1% during the third quarter. Stifel Financial Corp now owns 4,790 shares of the company's stock worth $521,000 after buying an additional 100 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of SharkNinja by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 4,026 shares of the company's stock worth $438,000 after acquiring an additional 139 shares in the last quarter. Signaturefd LLC grew its position in shares of SharkNinja by 104.6% during the 3rd quarter. Signaturefd LLC now owns 356 shares of the company's stock valued at $39,000 after acquiring an additional 182 shares during the period. Hollencrest Capital Management acquired a new stake in shares of SharkNinja during the 3rd quarter valued at about $54,000. Finally, Safe Harbor Fiduciary LLC purchased a new position in shares of SharkNinja in the 3rd quarter valued at about $54,000. 34.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on SN shares. Morgan Stanley raised their price objective on SharkNinja from $80.00 to $93.00 and gave the company an "equal weight" rating in a report on Friday, November 1st. Guggenheim lifted their price target on shares of SharkNinja from $100.00 to $120.00 and gave the company a "buy" rating in a research note on Monday, October 7th. Oppenheimer assumed coverage on shares of SharkNinja in a research report on Tuesday, October 1st. They set an "outperform" rating and a $120.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on shares of SharkNinja from $120.00 to $127.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, Canaccord Genuity Group upped their price target on shares of SharkNinja from $128.00 to $129.00 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $117.28.

SharkNinja Trading Up 0.7 %

SharkNinja stock traded up $0.75 during trading on Monday, reaching $109.61. 569,470 shares of the company were exchanged, compared to its average volume of 702,524. The stock's 50 day simple moving average is $100.45 and its two-hundred day simple moving average is $95.65. The company has a market capitalization of $15.34 billion, a P/E ratio of 42.99, a PEG ratio of 1.54 and a beta of 1.10. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.67 and a quick ratio of 0.95. SharkNinja, Inc. has a 52-week low of $45.85 and a 52-week high of $112.93.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly 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 firm had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.31 billion. During the same quarter in the previous year, the company posted $0.95 EPS. The company's revenue was up 33.3% compared to the same quarter last year. On average, equities research analysts expect that SharkNinja, Inc. will post 3.89 earnings per share for the current fiscal year.

SharkNinja 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.