Bridgewater Associates LP Cuts Stake in SharkNinja, Inc. (NYSE:SN)

Bridgewater Associates LP decreased its position in SharkNinja, Inc. (NYSE:SN - Free Report) by 42.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,036 shares of the company's stock after selling 5,106 shares during the period. Bridgewater Associates LP's holdings in SharkNinja were worth $685,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SN. Stifel Financial Corp grew its position in SharkNinja by 2.1% during the 3rd quarter. Stifel Financial Corp now owns 4,790 shares of the company's stock worth $521,000 after purchasing an additional 100 shares during the last quarter. Barclays PLC increased its stake in SharkNinja by 117.4% in the 3rd quarter. Barclays PLC now owns 8,394 shares of the company's stock valued at $913,000 after purchasing an additional 4,533 shares in the last quarter. World Investment Advisors LLC acquired a new stake in SharkNinja in the 3rd quarter valued at about $244,000. Tidal Investments LLC increased its stake in shares of SharkNinja by 38.7% during the 3rd quarter. Tidal Investments LLC now owns 19,397 shares of the company's stock worth $2,109,000 after purchasing an additional 5,416 shares in the last quarter. Finally, Logan Capital Management Inc. acquired a new stake in shares of SharkNinja during the third quarter valued at $2,181,000. 34.77% of the stock is owned by institutional investors and hedge funds.

SharkNinja Stock Down 0.2 %

NYSE SN traded down $0.15 on Friday, reaching $79.14. The company had a trading volume of 306,222 shares, compared to its average volume of 1,398,314. The firm has a market capitalization of $11.11 billion, a price-to-earnings ratio of 25.45, a price-to-earnings-growth ratio of 2.35 and a beta of 1.65. The company's fifty day moving average is $86.68 and its 200-day moving average is $97.95. 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 1-year low of $60.50 and a 1-year high of $123.00.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SN shares. JPMorgan Chase & Co. cut their price objective on SharkNinja from $139.00 to $98.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Morgan Stanley upped 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. Canaccord Genuity Group upped their price objective on SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a research note on Friday, February 14th. The Goldman Sachs Group dropped their price objective on shares of SharkNinja from $133.00 to $100.00 and set a "buy" rating on the stock in a research note on Tuesday. Finally, Jefferies Financial Group increased their price objective on shares of SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, SharkNinja presently has an average rating of "Moderate Buy" and an average price target of $116.72.

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.