Thrivent Financial for Lutherans Trims Stock Position in SharkNinja, Inc. (NYSE:SN)

Thrivent Financial for Lutherans lowered its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 2.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,659,088 shares of the company's stock after selling 36,845 shares during the quarter. Thrivent Financial for Lutherans owned 1.19% of SharkNinja worth $180,360,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Signaturefd LLC grew its position in SharkNinja by 104.6% during the third quarter. Signaturefd LLC now owns 356 shares of the company's stock valued at $39,000 after buying an additional 182 shares during the period. Hollencrest Capital Management acquired a new stake in SharkNinja during the third quarter valued at $54,000. Waldron Private Wealth LLC acquired a new stake in SharkNinja during the third quarter valued at $65,000. Picton Mahoney Asset Management acquired a new stake in shares of SharkNinja in the second quarter valued at about $70,000. Finally, Kessler Investment Group LLC acquired a new stake in shares of SharkNinja in the second quarter valued at about $125,000. Institutional investors and hedge funds own 34.77% of the company's stock.

SharkNinja Price Performance

Shares of NYSE:SN traded down $0.42 during midday trading on Friday, hitting $100.88. The company's stock had a trading volume of 957,833 shares, compared to its average volume of 2,120,567. The business's 50 day simple moving average is $104.40 and its 200 day simple moving average is $87.64. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67. The company has a market cap of $14.12 billion, a P/E ratio of 39.56, a price-to-earnings-growth ratio of 1.67 and a beta of 1.04. SharkNinja, Inc. has a 12-month low of $43.25 and a 12-month high of $112.93.

SharkNinja (NYSE:SN - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $1.21 EPS for the quarter, topping analysts' consensus estimates of $1.04 by $0.17. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the firm earned $0.95 earnings per share. SharkNinja's quarterly revenue was up 33.3% compared to the same quarter last year. On average, analysts forecast that SharkNinja, Inc. will post 3.88 EPS for the current year.

Wall Street Analysts Forecast Growth

SN has been the topic of several research analyst reports. Morgan Stanley lifted their target price on shares of SharkNinja from $80.00 to $93.00 and gave the company an "equal weight" rating in a research report on Friday, November 1st. Guggenheim lifted their target price on shares of SharkNinja from $100.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, October 7th. Bank of America lifted their target price on shares of SharkNinja from $100.00 to $110.00 and gave the company a "buy" rating in a research report on Tuesday, August 13th. Oppenheimer initiated coverage on shares of SharkNinja in a research report on Tuesday, October 1st. They issued an "outperform" rating and a $120.00 target price on the stock. Finally, The Goldman Sachs Group lifted their target price on shares of SharkNinja from $102.00 to $123.00 and gave the company a "buy" rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $110.85.

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.