SharkNinja, Inc. (NYSE:SN) Shares Purchased by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. lifted its position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 100.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 168,880 shares of the company's stock after purchasing an additional 84,554 shares during the quarter. Braun Stacey Associates Inc. owned about 0.12% of SharkNinja worth $16,442,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. GAM Holding AG boosted its holdings in SharkNinja by 14.4% in the 4th quarter. GAM Holding AG now owns 114,479 shares of the company's stock worth $11,146,000 after acquiring an additional 14,403 shares during the period. CIBC Asset Management Inc boosted its holdings in SharkNinja by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 4,245 shares of the company's stock worth $413,000 after acquiring an additional 219 shares during the period. Baillie Gifford & Co. boosted its holdings 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 acquiring an additional 604,559 shares during the period. Peregrine Investment Management Inc. purchased a new position in SharkNinja in the 4th quarter worth approximately $6,375,000. Finally, Rhumbline Advisers boosted its holdings in SharkNinja by 0.7% in the 4th quarter. Rhumbline Advisers now owns 67,130 shares of the company's stock worth $6,536,000 after acquiring an additional 481 shares during the period. Hedge funds and other institutional investors own 34.77% of the company's stock.

SharkNinja Stock Performance

Shares of SN stock traded down $7.69 on Friday, hitting $103.17. 1,831,659 shares of the stock traded hands, compared to its average volume of 1,175,389. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. The company has a market capitalization of $14.44 billion, a PE ratio of 33.17, a PEG ratio of 2.39 and a beta of 1.13. SharkNinja, Inc. has a 1-year low of $52.05 and a 1-year high of $123.00. The company's fifty day moving average is $105.77 and its 200 day moving average is $101.85.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.06). The firm had revenue of $1.79 billion for 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%. On average, equities research analysts predict that SharkNinja, Inc. will post 4.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.