SharkNinja, Inc. (NYSE:SN) Stock Holdings Trimmed by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 18.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 179,070 shares of the company's stock after selling 40,834 shares during the period. New York State Common Retirement Fund owned 0.13% of SharkNinja worth $17,434,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Signaturefd LLC lifted its position in SharkNinja by 104.6% during the third quarter. Signaturefd LLC now owns 356 shares of the company's stock worth $39,000 after purchasing an additional 182 shares during the period. Hollencrest Capital Management bought a new position in SharkNinja during the third quarter worth $54,000. Safe Harbor Fiduciary LLC bought a new stake in shares of SharkNinja in the 3rd quarter worth $54,000. R Squared Ltd bought a new position in shares of SharkNinja in the fourth quarter valued at approximately $55,000. Finally, Northwest & Ethical Investments L.P. bought a new stake in SharkNinja in the third quarter worth about $163,000. 34.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on SN. Jefferies Financial Group raised their price target on SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, February 13th. JPMorgan Chase & Co. lifted their target price on SharkNinja from $120.00 to $127.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Morgan Stanley upped their target price on shares of SharkNinja from $93.00 to $108.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. Finally, Canaccord Genuity Group increased their target price on SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. One equities research 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.com, SharkNinja presently has an average rating of "Moderate Buy" and a consensus price target of $122.50.

SharkNinja Stock Up 3.4 %

SharkNinja stock traded up $3.58 during midday trading on Wednesday, reaching $108.25. The company's stock had a trading volume of 423,007 shares, compared to its average volume of 1,144,877. The business has a 50-day simple moving average of $105.87 and a 200-day simple moving average of $102.50. SharkNinja, Inc. has a fifty-two week low of $53.33 and a fifty-two week 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. The company has a market cap of $15.15 billion, a P/E ratio of 34.80, a P/E/G ratio of 2.35 and a beta of 1.13.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.06). The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. On average, research analysts expect 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.