Nomura Asset Management Co. Ltd. Raises Stock Holdings in SharkNinja, Inc. (NYSE:SN)

Nomura Asset Management Co. Ltd. boosted its position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 27.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 223,702 shares of the company's stock after buying an additional 47,513 shares during the period. Nomura Asset Management Co. Ltd. owned 0.16% of SharkNinja worth $24,319,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stifel Financial Corp grew its holdings in shares of SharkNinja by 2.1% in the third quarter. Stifel Financial Corp now owns 4,790 shares of the company's stock valued at $521,000 after purchasing an additional 100 shares during the period. CIBC Asset Management Inc raised its stake in shares of SharkNinja by 3.6% in the third quarter. CIBC Asset Management Inc now owns 4,026 shares of the company's stock valued at $438,000 after acquiring an additional 139 shares in the last quarter. Signaturefd LLC raised its position in SharkNinja by 104.6% in the 3rd quarter. Signaturefd LLC now owns 356 shares of the company's stock valued at $39,000 after purchasing an additional 182 shares in the last quarter. Hollencrest Capital Management acquired a new position in SharkNinja during the 3rd quarter worth approximately $54,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of SharkNinja during the third quarter worth $54,000. Hedge funds and other institutional investors own 34.77% of the company's stock.

SharkNinja Stock Up 2.1 %

Shares of NYSE SN traded up $2.11 during mid-day trading on Wednesday, reaching $101.54. 818,738 shares of the company's stock were exchanged, compared to its average volume of 1,212,824. The firm has a market capitalization of $14.21 billion, a price-to-earnings ratio of 38.97, a PEG ratio of 1.67 and a beta of 1.01. SharkNinja, Inc. has a twelve month low of $45.85 and a twelve month high of $112.93. The business has a fifty day simple moving average of $102.96 and a 200 day simple moving average of $91.01. The company has a current ratio of 1.67, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42.

SharkNinja (NYSE:SN - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $1.21 earnings per share for the quarter, topping 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 the consensus estimate of $1.31 billion. During the same quarter last year, the firm earned $0.95 earnings per share. The company's revenue was up 33.3% on a year-over-year basis. As a group, equities analysts expect that SharkNinja, Inc. will post 3.88 EPS for the current fiscal year.

Analyst Ratings Changes

SN has been the topic of several research reports. Morgan Stanley raised their price objective on shares of SharkNinja from $80.00 to $93.00 and gave the stock an "equal weight" rating in a research report on Friday, November 1st. The Goldman Sachs Group raised their price target on shares of SharkNinja from $102.00 to $123.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. Jefferies Financial Group upped their price objective on shares of SharkNinja from $115.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Oppenheimer initiated coverage on shares of SharkNinja in a research note on Tuesday, October 1st. They set an "outperform" rating and a $120.00 price objective for the company. Finally, Guggenheim lifted their price target on shares of SharkNinja from $100.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, October 7th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $116.39.

About SharkNinja

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.