Thrivent Financial for Lutherans Reduces Holdings in SharkNinja, Inc. (NYSE:SN)

Thrivent Financial for Lutherans reduced its stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 26.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,226,347 shares of the company's stock after selling 432,741 shares during the period. Thrivent Financial for Lutherans owned 0.88% of SharkNinja worth $119,398,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Safe Harbor Fiduciary LLC acquired a new position in SharkNinja in the third quarter valued at approximately $54,000. R Squared Ltd acquired a new position in SharkNinja in the fourth quarter valued at approximately $55,000. Northwest & Ethical Investments L.P. acquired a new position in SharkNinja in the third quarter valued at approximately $163,000. SG Americas Securities LLC acquired a new position in SharkNinja in the fourth quarter valued at approximately $171,000. Finally, First Dallas Securities Inc. acquired a new position in SharkNinja in the third quarter valued at approximately $215,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Stock Down 1.6 %

Shares of SharkNinja stock traded down $1.46 during trading hours on Friday, reaching $87.95. 1,396,758 shares of the company were exchanged, compared to its average volume of 1,232,085. SharkNinja, Inc. has a 1 year low of $59.12 and a 1 year high of $123.00. The stock's fifty day moving average is $103.78 and its 200 day moving average is $102.57. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73. The firm has a market cap of $12.31 billion, a PE ratio of 28.28, a PEG ratio of 2.35 and a beta of 1.24.

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SharkNinja (NYSE:SN - Get Free Report) last posted 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). SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. The company had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.61 billion. As a group, equities research analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on SN shares. Canaccord Genuity Group upped 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. JPMorgan Chase & Co. boosted their target price on SharkNinja from $120.00 to $127.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. Morgan Stanley boosted 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, Jefferies Financial Group boosted their target price on SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $122.50.

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.