SharkNinja, Inc. (NYSE:SN) Shares Purchased by Employees Retirement System of Texas

Employees Retirement System of Texas raised its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 44.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,293 shares of the company's stock after buying an additional 5,284 shares during the period. Employees Retirement System of Texas' holdings in SharkNinja were worth $1,684,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. R Squared Ltd purchased a new stake in shares of SharkNinja during the fourth quarter worth $55,000. SG Americas Securities LLC bought a new position in SharkNinja in the fourth quarter worth $171,000. First Dallas Securities Inc. acquired a new position in shares of SharkNinja in the 3rd quarter worth approximately $215,000. World Investment Advisors LLC bought a new stake in SharkNinja during the third quarter worth about $244,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of SharkNinja in the third quarter valued at about $271,000. Institutional investors and hedge funds own 34.77% of the company's stock.

SharkNinja Stock Performance

NYSE SN traded up $0.74 on Friday, hitting $73.55. 2,038,811 shares of the company traded hands, compared to its average volume of 1,384,022. The company has a market capitalization of $10.32 billion, a price-to-earnings ratio of 23.65, a P/E/G ratio of 2.35 and a beta of 1.65. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. The business's 50 day moving average price is $93.27 and its 200-day moving average price is $99.90. SharkNinja, Inc. has a 52-week low of $60.50 and a 52-week high of $123.00.

SharkNinja (NYSE:SN - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing analysts' consensus estimates of $1.26 by ($0.06). SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. The firm had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.61 billion. Equities analysts expect that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

SN has been the subject of a number of research analyst reports. Canaccord Genuity Group boosted 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. Jefferies Financial Group lifted 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. JPMorgan Chase & Co. reduced their price target on SharkNinja from $139.00 to $98.00 and set an "overweight" rating on the stock in a research report on Friday. Finally, Morgan Stanley boosted their price target on 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 issued a buy rating to the company's stock. According to data from MarketBeat, SharkNinja presently has an average rating of "Moderate Buy" and an average price target of $119.28.

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.