Hardman Johnston Global Advisors LLC Acquires Shares of 205,035 SharkNinja, Inc. (NYSE:SN)

Hardman Johnston Global Advisors LLC bought a new position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 205,035 shares of the company's stock, valued at approximately $19,962,000. Hardman Johnston Global Advisors LLC owned 0.15% of SharkNinja at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of SN. FMR LLC increased its holdings in SharkNinja by 47.5% during the 3rd quarter. FMR LLC now owns 10,307,632 shares of the company's stock valued at $1,120,543,000 after purchasing an additional 3,321,684 shares in the last quarter. Baillie Gifford & Co. raised its position in shares of SharkNinja by 33.1% during the 4th 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 last quarter. Westfield Capital Management Co. LP acquired a new position in SharkNinja in the third quarter valued at about $114,878,000. State Street Corp boosted its stake in SharkNinja by 17.8% during the 3rd quarter. State Street Corp now owns 667,003 shares of the company's stock worth $72,510,000 after acquiring an additional 101,020 shares during the last quarter. Finally, abrdn plc lifted its holdings in SharkNinja by 17.8% during the third quarter. abrdn plc now owns 419,660 shares of the company's stock worth $45,621,000 after acquiring an additional 63,299 shares in the last quarter. Institutional investors and hedge funds own 34.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on SN shares. Canaccord Genuity Group raised their price target on SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Morgan Stanley increased their price objective on shares of SharkNinja from $93.00 to $108.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. raised their price objective on shares of SharkNinja from $120.00 to $127.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Finally, Jefferies Financial Group upped their target price on shares of SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $122.50.

SharkNinja Stock Down 2.3 %

Shares of NYSE:SN traded down $2.41 during trading on Thursday, hitting $103.52. 918,698 shares of the company were exchanged, compared to its average volume of 1,158,746. SharkNinja, Inc. has a fifty-two week low of $53.33 and a fifty-two week high of $123.00. The stock has a market cap of $14.49 billion, a price-to-earnings ratio of 33.29, a P/E/G ratio of 2.35 and a beta of 1.13. 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 firm has a fifty day moving average price of $106.09 and a two-hundred day moving average price of $102.52.

SharkNinja (NYSE:SN - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $1.20 earnings per share for the quarter, missing analysts' consensus estimates 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 return on equity of 32.51% and a net margin of 7.94%. As a group, research analysts anticipate that SharkNinja, Inc. will post 4.52 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.