Teacher Retirement System of Texas Increases Stock Holdings in SharkNinja, Inc. (NYSE:SN)

Teacher Retirement System of Texas increased its stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 12.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,000 shares of the company's stock after buying an additional 4,000 shares during the quarter. Teacher Retirement System of Texas' holdings in SharkNinja were worth $3,602,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Xponance Inc. boosted its holdings in SharkNinja by 11.3% during the 4th quarter. Xponance Inc. now owns 4,053 shares of the company's stock worth $395,000 after acquiring an additional 411 shares during the last quarter. Boston Partners lifted its position in shares of SharkNinja by 10.3% during the fourth quarter. Boston Partners now owns 146,861 shares of the company's stock valued at $14,313,000 after purchasing an additional 13,719 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in SharkNinja by 20.3% during the fourth quarter. Advisors Asset Management Inc. now owns 23,830 shares of the company's stock worth $2,320,000 after purchasing an additional 4,013 shares during the last quarter. William Blair Investment Management LLC grew its position 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 purchasing an additional 590,632 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in SharkNinja by 42.9% in the 4th quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company's stock valued at $699,021,000 after buying an additional 2,155,136 shares during the last quarter. 34.77% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

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

SharkNinja Stock Performance

NYSE:SN traded down $3.27 on Thursday, reaching $86.50. 439,946 shares of the company's stock were exchanged, compared to its average volume of 1,262,912. The stock has a fifty day simple moving average of $102.91 and a 200-day simple moving average of $102.51. SharkNinja, Inc. has a 52 week low of $60.57 and a 52 week high of $123.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. The firm has a market cap of $12.10 billion, a price-to-earnings ratio of 27.81, a P/E/G ratio of 2.35 and a beta of 1.24.

SharkNinja (NYSE:SN - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.20 earnings per share for the quarter, missing analysts' consensus estimates of $1.26 by ($0.06). The business had revenue of $1.79 billion during 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 predict that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

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.