Donaldson Capital Management LLC Invests $3.16 Million in SharkNinja, Inc. (NYSE:SN)

Donaldson Capital Management LLC purchased a new stake in SharkNinja, Inc. (NYSE:SN - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 29,046 shares of the company's stock, valued at approximately $3,158,000.

A number of other hedge funds have also modified their holdings of the company. Signaturefd LLC raised its stake in SharkNinja by 104.6% during the 3rd 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 stake in shares of SharkNinja during the third quarter worth about $65,000. Picton Mahoney Asset Management bought a new position in shares of SharkNinja during the 2nd quarter valued at about $70,000. Headlands Technologies LLC acquired a new position in shares of SharkNinja in the 1st quarter valued at approximately $66,000. Finally, Kessler Investment Group LLC bought a new stake in SharkNinja during the 2nd quarter worth approximately $125,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Stock Up 2.4 %

Shares of NYSE:SN traded up $2.13 during trading on Monday, hitting $91.25. 2,403,693 shares of the company were exchanged, compared to its average volume of 1,168,831. The stock has a market cap of $12.77 billion, a price-to-earnings ratio of 35.78, a P/E/G ratio of 1.60 and a beta of 1.04. The company has a current ratio of 1.71, a quick ratio of 1.04 and a debt-to-equity ratio of 0.46. SharkNinja, Inc. has a fifty-two week low of $41.12 and a fifty-two week high of $112.93. The firm has a fifty day moving average price of $103.45 and a two-hundred day moving average price of $85.33.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.17. SharkNinja had a net margin of 7.02% and a return on equity of 33.74%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the firm posted $0.95 earnings per share. The company's quarterly revenue was up 33.3% compared to the same quarter last year. As a group, research analysts anticipate that SharkNinja, Inc. will post 3.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SN has been the topic of a number of research reports. The Goldman Sachs Group lifted their price target on shares of SharkNinja from $102.00 to $123.00 and gave the company a "buy" rating in a research note on Monday, October 21st. JPMorgan Chase & Co. reduced their target price on shares of SharkNinja from $128.00 to $120.00 and set an "overweight" rating for the company in a research note on Friday. Bank of America increased their target price on SharkNinja from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Tuesday, August 13th. Oppenheimer assumed coverage on SharkNinja in a research report on Tuesday, October 1st. They set an "outperform" rating and a $120.00 price objective for the company. Finally, Canaccord Genuity Group boosted their target price on SharkNinja from $126.00 to $128.00 and gave the company a "buy" rating in a research note on Friday, October 25th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $110.85.

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.