Polymer Capital Management HK LTD Reduces Stock Position in SharkNinja, Inc. (NYSE:SN)

Polymer Capital Management HK LTD trimmed its stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 37.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,420 shares of the company's stock after selling 12,109 shares during the quarter. Polymer Capital Management HK LTD's holdings in SharkNinja were worth $1,988,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. HighTower Advisors LLC increased its holdings in shares of SharkNinja by 42.9% in the fourth quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company's stock worth $699,021,000 after purchasing an additional 2,155,136 shares during the period. William Blair Investment Management LLC increased its stake in SharkNinja by 26.4% in the 4th quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company's stock worth $275,270,000 after acquiring an additional 590,632 shares during the last quarter. Baillie Gifford & Co. raised its holdings in shares of SharkNinja by 33.1% in the 4th quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company's stock valued at $236,603,000 after acquiring an additional 604,559 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of SharkNinja by 24.3% during the 4th quarter. Federated Hermes Inc. now owns 1,138,014 shares of the company's stock valued at $110,783,000 after acquiring an additional 222,377 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of SharkNinja during the 4th quarter valued at about $100,845,000. Hedge funds and other institutional investors own 34.77% of the company's stock.

SharkNinja Trading Up 1.5 %

NYSE SN traded up $1.09 during trading on Friday, hitting $73.90. 886,648 shares of the company's stock traded hands, compared to its average volume of 1,373,707. The stock has a fifty day moving average of $94.04 and a two-hundred day moving average of $100.16. SharkNinja, Inc. has a 12-month low of $60.50 and a 12-month high of $123.00. The firm has a market cap of $10.37 billion, a P/E ratio of 23.52, a PEG ratio of 2.35 and a beta of 1.65. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14.

SharkNinja (NYSE:SN - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.06). The company had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.61 billion. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. As a group, sell-side analysts expect that SharkNinja, Inc. will post 4.52 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SN. Morgan Stanley raised their target price on shares of SharkNinja from $93.00 to $108.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. JPMorgan Chase & Co. dropped their price objective on shares of SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a report on Friday. Canaccord Genuity Group upped their target price on shares of SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Finally, Jefferies Financial Group raised their price target on SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $119.28.

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.