Logan Capital Management Inc. Makes New $2.18 Million Investment in SharkNinja, Inc. (NYSE:SN)

Logan Capital Management Inc. acquired a new position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 20,061 shares of the company's stock, valued at approximately $2,181,000.

Other large investors have also made changes to their positions in the company. Tidal Investments LLC raised its stake in SharkNinja by 38.7% during the 3rd quarter. Tidal Investments LLC now owns 19,397 shares of the company's stock valued at $2,109,000 after purchasing an additional 5,416 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of SharkNinja during the 3rd quarter worth about $244,000. Barclays PLC raised its position in shares of SharkNinja by 117.4% during the third quarter. Barclays PLC now owns 8,394 shares of the company's stock valued at $913,000 after buying an additional 4,533 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in shares of SharkNinja by 224.3% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 49,397 shares of the company's stock valued at $5,369,000 after buying an additional 34,165 shares during the period. Finally, First Dallas Securities Inc. acquired a new stake in SharkNinja during the third quarter worth about $215,000. Institutional investors and hedge funds own 34.77% of the company's stock.

SharkNinja Price Performance

NYSE:SN traded down $1.37 on Friday, reaching $99.67. The stock had a trading volume of 634,062 shares, compared to its average volume of 1,208,619. The company has a quick ratio of 0.95, a current ratio of 1.67 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $13.95 billion, a P/E ratio of 39.09, a price-to-earnings-growth ratio of 1.68 and a beta of 1.00. SharkNinja, Inc. has a 1-year low of $45.85 and a 1-year high of $112.93. The stock has a fifty day moving average price of $102.48 and a 200-day moving average price of $91.31.

SharkNinja (NYSE:SN - Get Free Report) last posted its earnings results 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. The company had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.31 billion. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. SharkNinja's quarterly revenue was up 33.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 earnings per share. Research analysts forecast that SharkNinja, Inc. will post 3.88 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on SN. The Goldman Sachs Group upped their price target on SharkNinja from $102.00 to $123.00 and gave the company a "buy" rating in a report on Monday, October 21st. Oppenheimer started coverage on SharkNinja in a research report on Tuesday, October 1st. They issued an "outperform" rating and a $120.00 target price for the company. Canaccord Genuity Group lifted their price target on shares of SharkNinja from $126.00 to $128.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. JPMorgan Chase & Co. dropped their price objective on shares of SharkNinja from $128.00 to $120.00 and set an "overweight" rating for the company in a research note on Friday, November 1st. Finally, Morgan Stanley lifted their target price on shares of SharkNinja from $80.00 to $93.00 and gave the company an "equal weight" rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $116.39.

SharkNinja Company 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.