Teachers Retirement System of The State of Kentucky Has $5.37 Million Stock Holdings in SharkNinja, Inc. (NYSE:SN)

Teachers Retirement System of The State of Kentucky increased its holdings in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 224.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,397 shares of the company's stock after acquiring an additional 34,165 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in SharkNinja were worth $5,369,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Signaturefd LLC grew its stake in shares of SharkNinja by 104.6% in the third quarter. Signaturefd LLC now owns 356 shares of the company's stock worth $39,000 after purchasing an additional 182 shares in the last quarter. Hollencrest Capital Management acquired a new position in SharkNinja during the third quarter worth about $54,000. Safe Harbor Fiduciary LLC bought a new stake in SharkNinja in the third quarter worth about $54,000. Waldron Private Wealth LLC acquired a new stake in SharkNinja in the 3rd quarter valued at about $65,000. Finally, Picton Mahoney Asset Management bought a new position in shares of SharkNinja during the 2nd quarter valued at about $70,000. Institutional investors and hedge funds own 34.77% of the company's stock.

Wall Street Analyst Weigh In

SN has been the subject of a number of research reports. Jefferies Financial Group raised their target price on shares of SharkNinja from $115.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. cut their target price on shares of SharkNinja from $128.00 to $120.00 and set an "overweight" rating on the stock in a research note on Friday, November 1st. Morgan Stanley lifted their price target on SharkNinja from $80.00 to $93.00 and gave the company an "equal weight" rating in a report on Friday, November 1st. The Goldman Sachs Group increased their price objective on SharkNinja from $102.00 to $123.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. Finally, Canaccord Genuity Group increased their price target on shares of SharkNinja from $126.00 to $128.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, SharkNinja currently has an average rating of "Moderate Buy" and a consensus target price of $116.39.

SharkNinja Stock Down 1.4 %

Shares of SN traded down $1.37 during trading hours on Friday, hitting $99.67. 634,034 shares of the company were exchanged, compared to its average volume of 1,208,619. The firm's 50 day moving average is $102.48 and its 200-day moving average is $91.31. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67. SharkNinja, Inc. has a 52 week low of $45.85 and a 52 week high of $112.93. The company has a market cap of $13.95 billion, a PE ratio of 39.09, a PEG ratio of 1.68 and a beta of 1.00.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.21 earnings per share 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 business had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.31 billion. During the same period in the previous year, the company earned $0.95 earnings per share. SharkNinja's revenue for the quarter was up 33.3% on a year-over-year basis. On average, equities research analysts forecast that SharkNinja, Inc. will post 3.88 EPS for the current fiscal 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.