AQR Capital Management LLC Grows Stake in SharkNinja, Inc. (NYSE:SN)

AQR Capital Management LLC lifted its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 126.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 101,823 shares of the company's stock after acquiring an additional 56,927 shares during the period. AQR Capital Management LLC owned approximately 0.07% of SharkNinja worth $9,812,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Quarry LP acquired a new position in shares of SharkNinja in the 4th quarter valued at $47,000. R Squared Ltd acquired a new stake in shares of SharkNinja in the fourth quarter valued at $55,000. Covestor Ltd lifted its position in shares of SharkNinja by 284.4% during the fourth quarter. Covestor Ltd now owns 642 shares of the company's stock worth $63,000 after purchasing an additional 475 shares in the last quarter. SG Americas Securities LLC bought a new position in SharkNinja in the 4th quarter worth approximately $171,000. Finally, Altshuler Shaham Ltd acquired a new position in shares of SharkNinja during the fourth quarter valued at $209,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Trading Up 0.7 %

Shares of SharkNinja stock traded up $0.62 on Friday, hitting $92.25. The stock had a trading volume of 2,364,876 shares, compared to its average volume of 1,435,869. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73. SharkNinja, Inc. has a twelve month low of $60.50 and a twelve month high of $123.00. The stock has a 50 day moving average of $81.92 and a 200 day moving average of $95.95. The firm has a market capitalization of $12.95 billion, a P/E ratio of 29.66, a PEG ratio of 2.35 and a beta of 1.68.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.73 by $0.14. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the firm posted $1.06 EPS. The company's quarterly revenue was up 14.7% on a year-over-year basis. Sell-side analysts expect that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on SN. Morgan Stanley increased their price target on shares of SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a research report on Friday. Oppenheimer raised their price objective on shares of SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday. Guggenheim reduced their price objective on SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a research report on Friday. Jefferies Financial Group boosted their price target on shares of SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Finally, Canaccord Genuity Group upped their price objective on SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, SharkNinja presently has a consensus rating of "Moderate Buy" and a consensus price target of $121.50.

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.