SharkNinja (NYSE:SN) Reaches New 12-Month High - Still a Buy?

SharkNinja, Inc. (NYSE:SN - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $112.30 and last traded at $110.08, with a volume of 79346 shares traded. The stock had previously closed at $109.48.

Analyst Ratings Changes

SN has been the subject of several research analyst reports. The Goldman Sachs Group raised their price target on SharkNinja from $102.00 to $123.00 and gave the stock a "buy" rating in a research report on Monday. Guggenheim increased their price target on shares of SharkNinja from $100.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, October 7th. Bank of America lifted their price objective on shares of SharkNinja from $100.00 to $110.00 and gave the company a "buy" rating in a report on Tuesday, August 13th. JPMorgan Chase & Co. increased their target price on shares of SharkNinja from $97.00 to $128.00 and gave the stock an "overweight" rating in a report on Monday, September 30th. Finally, Oppenheimer assumed coverage on shares of SharkNinja in a research note on Tuesday, October 1st. They issued an "outperform" rating and a $120.00 price target for the company. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, SharkNinja presently has a consensus rating of "Moderate Buy" and an average target price of $105.25.

SharkNinja Price Performance

The company has a current ratio of 1.71, a quick ratio of 1.04 and a debt-to-equity ratio of 0.46. The stock's fifty day moving average price is $101.46 and its two-hundred day moving average price is $82.93. The firm has a market capitalization of $15.33 billion, a price-to-earnings ratio of 62.95, a price-to-earnings-growth ratio of 1.90 and a beta of 0.77.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.14. SharkNinja had a return on equity of 32.29% and a net margin of 5.16%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the business earned $0.46 EPS. SharkNinja's revenue for the quarter was up 31.4% on a year-over-year basis. Equities research analysts expect that SharkNinja, Inc. will post 3.89 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SN. Signaturefd LLC increased 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 buying an additional 182 shares during the period. Waldron Private Wealth LLC acquired a new position in shares of SharkNinja in the 3rd quarter valued at $65,000. Headlands Technologies LLC purchased a new stake in SharkNinja in the 1st quarter valued at $66,000. Picton Mahoney Asset Management purchased a new stake in SharkNinja in the 2nd quarter valued at $70,000. Finally, Kessler Investment Group LLC acquired a new stake in SharkNinja during the 2nd quarter worth $125,000. 34.77% of the stock is owned by hedge funds and other institutional investors.

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.