Harbor Capital Advisors Inc. Buys 27,436 Shares of SharkNinja, Inc. (NYSE:SN)

Harbor Capital Advisors Inc. lifted its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 30.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 117,403 shares of the company's stock after purchasing an additional 27,436 shares during the period. Harbor Capital Advisors Inc. owned 0.08% of SharkNinja worth $11,430,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SN. Signaturefd LLC raised its stake in SharkNinja by 104.6% during the 3rd quarter. Signaturefd LLC now owns 356 shares of the company's stock valued at $39,000 after purchasing an additional 182 shares during the last quarter. Hollencrest Capital Management bought a new stake in SharkNinja in the 3rd quarter valued at $54,000. Safe Harbor Fiduciary LLC bought a new position in shares of SharkNinja during the 3rd quarter worth about $54,000. Waldron Private Wealth LLC acquired a new stake in shares of SharkNinja during the 3rd quarter valued at about $65,000. Finally, Northwest & Ethical Investments L.P. bought a new stake in SharkNinja in the third quarter valued at about $163,000. Institutional investors and hedge funds own 34.77% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SN shares. The Goldman Sachs Group lifted their target price on shares of SharkNinja from $102.00 to $123.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Oppenheimer began coverage on SharkNinja in a report on Tuesday, October 1st. They set an "outperform" rating and a $120.00 price objective on the stock. Canaccord Genuity Group upped their price target on SharkNinja from $128.00 to $129.00 and gave the company a "buy" rating in a research note on Wednesday. Guggenheim upped their target price on shares of SharkNinja from $100.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, October 7th. Finally, Jefferies Financial Group lifted their price target on shares of SharkNinja from $115.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $116.50.

SharkNinja Stock Up 5.5 %

SN traded up $5.67 during trading hours on Friday, hitting $107.89. 1,708,284 shares of the company's stock were exchanged, compared to its average volume of 938,729. The stock has a market cap of $15.10 billion, a price-to-earnings ratio of 42.31, a PEG ratio of 1.65 and a beta of 1.10. SharkNinja, Inc. has a 1-year low of $45.85 and a 1-year high of $112.93. The stock's 50-day moving average is $98.92 and its two-hundred day moving average is $94.11. The company has a quick ratio of 0.95, a current ratio of 1.67 and a debt-to-equity ratio of 0.42.

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