Teachers Retirement System of The State of Kentucky Acquires 23,800 Shares of SharkNinja, Inc. (NYSE:SN)

Teachers Retirement System of The State of Kentucky grew its stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 48.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 73,197 shares of the company's stock after purchasing an additional 23,800 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.05% of SharkNinja worth $7,127,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. FMR LLC boosted its holdings in SharkNinja by 59.8% during the 4th quarter. FMR LLC now owns 16,467,858 shares of the company's stock worth $1,603,311,000 after acquiring an additional 6,160,226 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of SharkNinja by 42.9% during the fourth quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company's stock valued at $699,021,000 after purchasing an additional 2,155,136 shares in the last quarter. Norges Bank purchased a new position in SharkNinja during the fourth quarter worth about $100,845,000. Baillie Gifford & Co. increased its stake in 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 buying an additional 604,559 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its position in shares of SharkNinja by 26.4% during the 4th quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company's stock worth $275,270,000 after buying an additional 590,632 shares in the last quarter. 34.77% of the stock is owned by hedge funds and other institutional investors.

SharkNinja Price Performance

SharkNinja stock opened at $71.94 on Tuesday. The stock has a market cap of $10.10 billion, a price-to-earnings ratio of 23.13, a PEG ratio of 2.35 and a beta of 1.65. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38. The business has a 50-day simple moving average of $88.76 and a 200 day simple moving average of $98.46. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $123.00.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SN. 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. JPMorgan Chase & Co. dropped their target price on shares of SharkNinja from $139.00 to $98.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Jefferies Financial Group raised their price target on shares of SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Finally, Canaccord Genuity Group increased their price objective on SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $119.28.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.