Baillie Gifford & Co. Boosts Position in SharkNinja, Inc. (NYSE:SN)

Baillie Gifford & Co. increased its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 6,408.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,825,626 shares of the company's stock after purchasing an additional 1,797,578 shares during the quarter. Baillie Gifford & Co. owned approximately 1.30% of SharkNinja worth $198,464,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. SG Americas Securities LLC lifted its stake in shares of SharkNinja by 9.4% during the 1st quarter. SG Americas Securities LLC now owns 4,418 shares of the company's stock valued at $275,000 after buying an additional 380 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in SharkNinja during the first quarter valued at $385,000. Sei Investments Co. increased its holdings in shares of SharkNinja by 96.4% in the first quarter. Sei Investments Co. now owns 53,841 shares of the company's stock worth $3,354,000 after purchasing an additional 26,432 shares during the last quarter. Headlands Technologies LLC purchased a new position in SharkNinja during the 1st quarter valued at approximately $66,000. Finally, Vanguard Group Inc. increased its stake in SharkNinja by 8.6% in the 1st quarter. Vanguard Group Inc. now owns 55,735 shares of the company's stock worth $3,472,000 after acquiring an additional 4,411 shares during the last quarter. Institutional investors own 34.77% of the company's stock.

SharkNinja Stock Down 2.2 %

NYSE SN traded down $2.26 during trading on Tuesday, reaching $102.01. 689,289 shares of the company's stock traded hands, compared to its average volume of 1,208,513. SharkNinja, Inc. has a 12-month low of $41.12 and a 12-month high of $112.93. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.67 and a quick ratio of 0.95. The firm has a market cap of $14.28 billion, a price-to-earnings ratio of 39.82, a price-to-earnings-growth ratio of 1.72 and a beta of 1.04. The company's 50 day simple moving average is $103.98 and its two-hundred day simple moving average is $86.59.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.21 EPS for the quarter, topping analysts' consensus estimates of $1.04 by $0.17. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.31 billion. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. SharkNinja's revenue for the quarter was up 33.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.95 earnings per share. As a group, sell-side analysts forecast that SharkNinja, Inc. will post 3.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SN shares. JPMorgan Chase & Co. dropped their target price on SharkNinja from $128.00 to $120.00 and set an "overweight" rating for the company in a report on Friday, November 1st. Oppenheimer assumed coverage on shares of SharkNinja in a research note on Tuesday, October 1st. They set an "outperform" rating and a $120.00 price target for the company. Guggenheim increased their price objective on shares of SharkNinja from $100.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, October 7th. Morgan Stanley upped their target price on SharkNinja from $80.00 to $93.00 and gave the company an "equal weight" rating in a research note on Friday, November 1st. Finally, The Goldman Sachs Group raised their price target on SharkNinja from $102.00 to $123.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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.