Charles Schwab Investment Management Inc. Lowers Stock Holdings in SharkNinja, Inc. (NYSE:SN)

Charles Schwab Investment Management Inc. trimmed its stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 10.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 207,912 shares of the company's stock after selling 25,211 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.15% of SharkNinja worth $20,242,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. FMR LLC lifted its position in SharkNinja by 47.5% during the 3rd quarter. FMR LLC now owns 10,307,632 shares of the company's stock worth $1,120,543,000 after acquiring an additional 3,321,684 shares during the period. Baillie Gifford & Co. lifted its position in SharkNinja by 33.1% during the 4th quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company's stock worth $236,603,000 after acquiring an additional 604,559 shares during the period. Westfield Capital Management Co. LP purchased a new position in shares of SharkNinja during the 3rd quarter worth approximately $114,878,000. State Street Corp lifted its holdings in shares of SharkNinja by 17.8% in the 3rd quarter. State Street Corp now owns 667,003 shares of the company's stock valued at $72,510,000 after buying an additional 101,020 shares during the period. Finally, Artemis Investment Management LLP boosted its stake in shares of SharkNinja by 74.2% in the fourth quarter. Artemis Investment Management LLP now owns 390,757 shares of the company's stock valued at $38,044,000 after buying an additional 166,392 shares in the last quarter. 34.77% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SN shares. Canaccord Genuity Group lifted their price target on SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Morgan Stanley lifted their price target on SharkNinja from $93.00 to $108.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. Jefferies Financial Group lifted their price target on SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. lifted their price target on SharkNinja from $120.00 to $127.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $122.50.

SharkNinja Price Performance

SN stock traded down $1.46 during midday trading on Friday, hitting $87.95. 1,396,758 shares of the stock were exchanged, compared to its average volume of 1,233,022. The stock's 50-day moving average price is $103.78 and its 200-day moving average price is $102.63. The stock has a market cap of $12.31 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 2.35 and a beta of 1.24. SharkNinja, Inc. has a fifty-two week low of $59.78 and a fifty-two week high of $123.00. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73.

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

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.