Braun Stacey Associates Inc. Takes Position in SharkNinja, Inc. (NYSE:SN)

Braun Stacey Associates Inc. purchased a new stake in SharkNinja, Inc. (NYSE:SN - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 84,326 shares of the company's stock, valued at approximately $9,167,000. Braun Stacey Associates Inc. owned 0.06% of SharkNinja as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. abrdn plc raised its holdings in SharkNinja by 17.8% during the 3rd quarter. abrdn plc now owns 419,660 shares of the company's stock worth $45,621,000 after purchasing an additional 63,299 shares during the last quarter. Robeco Institutional Asset Management B.V. bought a new position in SharkNinja during the third quarter worth $11,942,000. Harbor Capital Advisors Inc. lifted its holdings in SharkNinja by 1,218.0% in the third quarter. Harbor Capital Advisors Inc. now owns 89,967 shares of the company's stock valued at $9,780,000 after buying an additional 83,141 shares during the period. Baillie Gifford & Co. boosted its position in SharkNinja by 6,408.9% during the third quarter. Baillie Gifford & Co. now owns 1,825,626 shares of the company's stock valued at $198,464,000 after acquiring an additional 1,797,578 shares during the last quarter. Finally, WCM Investment Management LLC bought a new stake in SharkNinja during the third quarter valued at $23,874,000. Institutional investors own 34.77% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SN shares. Jefferies Financial Group boosted their price objective on SharkNinja from $115.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. The Goldman Sachs Group increased their price target on SharkNinja from $102.00 to $123.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Oppenheimer initiated coverage on shares of SharkNinja in a research note on Tuesday, October 1st. They issued an "outperform" rating and a $120.00 price objective for the company. Bank of America increased their target price on shares of SharkNinja from $100.00 to $110.00 and gave the stock a "buy" rating in a research note on Tuesday, August 13th. Finally, 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. One research 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 an average price target of $110.85.

SharkNinja Stock Down 0.9 %

NYSE SN traded down $0.88 on Monday, reaching $100.00. The company had a trading volume of 641,310 shares, compared to its average volume of 1,206,146. 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 company's fifty day moving average is $104.40 and its 200 day moving average is $87.64. SharkNinja, Inc. has a 52-week low of $44.97 and a 52-week high of $112.93. The stock has a market capitalization of $13.99 billion, a P/E ratio of 39.56, a P/E/G ratio of 1.67 and a beta of 1.04.

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