Hussman Strategic Advisors Inc. Acquires 14,700 Shares of SharkNinja, Inc. (NYSE:SN)

Hussman Strategic Advisors Inc. lifted its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 87.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,500 shares of the company's stock after buying an additional 14,700 shares during the period. SharkNinja makes up approximately 0.9% of Hussman Strategic Advisors Inc.'s portfolio, making the stock its 16th biggest holding. Hussman Strategic Advisors Inc.'s holdings in SharkNinja were worth $3,067,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SN. FMR LLC raised its position in SharkNinja by 47.5% in the third quarter. FMR LLC now owns 10,307,632 shares of the company's stock worth $1,120,543,000 after acquiring an additional 3,321,684 shares during the period. Baillie Gifford & Co. increased its stake in shares of SharkNinja by 6,408.9% during the 3rd quarter. Baillie Gifford & Co. now owns 1,825,626 shares of the company's stock worth $198,464,000 after purchasing an additional 1,797,578 shares during the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of SharkNinja in the 3rd quarter worth approximately $114,878,000. WCM Investment Management LLC purchased a new position in SharkNinja in the third quarter valued at approximately $23,874,000. Finally, Hodges Capital Management Inc. lifted its stake in SharkNinja by 92.6% in the fourth quarter. Hodges Capital Management Inc. now owns 368,447 shares of the company's stock valued at $35,872,000 after purchasing an additional 177,169 shares during the last quarter. 34.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

SharkNinja Price Performance

SharkNinja stock traded up $0.39 during midday trading on Monday, reaching $103.28. 795,672 shares of the stock were exchanged, compared to its average volume of 1,163,421. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73. SharkNinja, Inc. has a 52 week low of $53.33 and a 52 week high of $123.00. The firm has a market cap of $14.45 billion, a PE ratio of 33.29, a PEG ratio of 2.35 and a beta of 1.13. The company's fifty day moving average is $105.77 and its 200-day moving average is $102.26.

SharkNinja (NYSE:SN - Get Free Report) last announced 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 business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. On average, sell-side analysts forecast that SharkNinja, Inc. will post 4.52 EPS for the current 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.