Baillie Gifford & Co. Has $236.60 Million Stock Position in SharkNinja, Inc. (NYSE:SN)

Baillie Gifford & Co. boosted its stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 33.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,430,185 shares of the company's stock after acquiring an additional 604,559 shares during the quarter. Baillie Gifford & Co. owned approximately 1.74% of SharkNinja worth $236,603,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in SN. Signaturefd LLC grew its holdings 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 acquired a new position in SharkNinja during the 3rd quarter valued at about $54,000. Safe Harbor Fiduciary LLC acquired a new position in SharkNinja during the 3rd quarter valued at about $54,000. R Squared Ltd acquired a new position in SharkNinja during the 4th quarter valued at about $55,000. Finally, Waldron Private Wealth LLC acquired a new position in SharkNinja during the 3rd quarter valued at about $65,000. Institutional investors own 34.77% of the company's stock.

SharkNinja Stock Down 1.3 %

Shares of SN traded down $1.41 during mid-day trading on Thursday, hitting $110.74. 1,021,237 shares of the company's stock were exchanged, compared to its average volume of 1,155,501. The company has a market cap of $15.50 billion, a PE ratio of 35.61, a P/E/G ratio of 2.35 and a beta of 1.13. SharkNinja, Inc. has a 52 week low of $52.05 and a 52 week high of $123.00. The company has a 50-day simple moving average of $105.51 and a 200 day simple moving average of $101.58. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14.

SharkNinja (NYSE:SN - Get Free Report) last issued 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 return on equity of 32.51% and a net margin of 7.94%. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. On average, research analysts forecast that SharkNinja, Inc. will post 4.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. upped 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, January 16th. Canaccord Genuity Group increased their price target on shares of SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Jefferies Financial Group raised their target price on shares of SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Finally, Morgan Stanley raised their target price on shares of SharkNinja from $93.00 to $108.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. 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.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $122.50.

About SharkNinja

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.