Handelsbanken Fonder AB Buys New Shares in SharkNinja, Inc. (NYSE:SN)

Handelsbanken Fonder AB acquired a new stake in SharkNinja, Inc. (NYSE:SN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,800 shares of the company's stock, valued at approximately $1,246,000.

Other large investors have also made changes to their positions in the company. Private Advisor Group LLC purchased a new stake in SharkNinja during the fourth quarter worth approximately $1,636,000. Braun Stacey Associates Inc. grew its position in shares of SharkNinja by 100.3% in the 4th quarter. Braun Stacey Associates Inc. now owns 168,880 shares of the company's stock worth $16,442,000 after acquiring an additional 84,554 shares in the last quarter. GAM Holding AG increased its stake in SharkNinja by 14.4% during the fourth quarter. GAM Holding AG now owns 114,479 shares of the company's stock valued at $11,146,000 after purchasing an additional 14,403 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of SharkNinja by 5.4% during the fourth quarter. CIBC Asset Management Inc now owns 4,245 shares of the company's stock valued at $413,000 after purchasing an additional 219 shares during the last quarter. Finally, Baillie Gifford & Co. boosted its holdings in shares of SharkNinja by 33.1% during the fourth quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company's stock valued at $236,603,000 after acquiring an additional 604,559 shares during the period. Institutional investors and hedge funds own 34.77% of the company's stock.

SharkNinja Stock Up 1.4 %

Shares of NYSE:SN traded up $1.47 during midday trading on Friday, reaching $104.91. The company's stock had a trading volume of 768,243 shares, compared to its average volume of 1,148,731. The firm has a market capitalization of $14.68 billion, a P/E ratio of 33.73, a PEG ratio of 2.35 and a beta of 1.13. The firm has a 50 day moving average of $106.45 and a 200-day moving average of $102.72. SharkNinja, Inc. has a 12-month low of $53.41 and a 12-month high of $123.00. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings data 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). SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. On average, research analysts anticipate that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SN shares. Canaccord Genuity Group upped their price objective on shares of SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a report on Friday, February 14th. JPMorgan Chase & Co. upped their price target on shares of SharkNinja from $120.00 to $127.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. Morgan Stanley upped their target price on SharkNinja from $93.00 to $108.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Finally, Jefferies Financial Group lifted their target price on shares of 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 company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.