Boston Partners Has $14.31 Million Stake in SharkNinja, Inc. (NYSE:SN)

Boston Partners lifted its stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 10.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 146,861 shares of the company's stock after buying an additional 13,719 shares during the quarter. Boston Partners owned about 0.10% of SharkNinja worth $14,313,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC increased its position in SharkNinja by 47.5% during the 3rd quarter. FMR LLC now owns 10,307,632 shares of the company's stock worth $1,120,543,000 after buying an additional 3,321,684 shares during the period. HighTower Advisors LLC grew its stake in shares of SharkNinja by 42.9% in the fourth quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company's stock valued at $699,021,000 after acquiring an additional 2,155,136 shares in the last quarter. William Blair Investment Management LLC increased its position in SharkNinja by 26.4% during the fourth quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company's stock worth $275,270,000 after acquiring an additional 590,632 shares during the period. Baillie Gifford & Co. raised its stake in SharkNinja by 33.1% in the 4th quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company's stock worth $236,603,000 after purchasing an additional 604,559 shares in the last quarter. Finally, Westfield Capital Management Co. LP bought a new stake in SharkNinja in the 3rd quarter valued at about $114,878,000. Institutional investors own 34.77% of the company's stock.

Wall Street Analysts Forecast Growth

SN has been the topic of several recent research reports. JPMorgan Chase & Co. raised their target price on shares of SharkNinja from $120.00 to $127.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Morgan Stanley increased their price target on SharkNinja from $93.00 to $108.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. Jefferies Financial Group lifted their price objective on SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Finally, Canaccord Genuity Group increased their target price on SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a report on Friday, February 14th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $122.50.

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SharkNinja Price Performance

Shares of SN stock traded down $0.46 during trading hours on Tuesday, reaching $91.64. The company's stock had a trading volume of 906,993 shares, compared to its average volume of 1,235,498. SharkNinja, Inc. has a fifty-two week low of $59.78 and a fifty-two week high of $123.00. The firm's 50 day simple moving average is $103.53 and its 200-day simple moving average is $102.62. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $12.82 billion, a price-to-earnings ratio of 29.47, a PEG ratio of 2.35 and a beta of 1.24.

SharkNinja (NYSE:SN - Get Free Report) last released its quarterly earnings data 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). The business 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%. Sell-side analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

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.