Dimensional Fund Advisors LP Decreases Stake in SharkNinja, Inc. (NYSE:SN)

Dimensional Fund Advisors LP trimmed its holdings in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 12.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 644,852 shares of the company's stock after selling 93,391 shares during the quarter. Dimensional Fund Advisors LP owned 0.46% of SharkNinja worth $62,771,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new stake in shares of SharkNinja in the fourth quarter worth $55,000. Covestor Ltd increased its stake in shares of SharkNinja by 284.4% in the fourth quarter. Covestor Ltd now owns 642 shares of the company's stock valued at $63,000 after buying an additional 475 shares during the period. SG Americas Securities LLC bought a new position in shares of SharkNinja during the fourth quarter worth about $171,000. Altshuler Shaham Ltd acquired a new position in shares of SharkNinja in the fourth quarter worth approximately $209,000. Finally, World Investment Advisors LLC acquired a new stake in SharkNinja during the 3rd quarter valued at approximately $244,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Stock Performance

Shares of NYSE SN traded up $1.18 during midday trading on Wednesday, reaching $81.26. The company's stock had a trading volume of 376,214 shares, compared to its average volume of 1,420,488. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. The stock has a market capitalization of $11.40 billion, a P/E ratio of 26.12, a PEG ratio of 2.35 and a beta of 1.68. The firm has a 50 day moving average price of $82.59 and a 200-day moving average price of $96.39. SharkNinja, Inc. has a 12-month low of $60.50 and a 12-month high of $123.00.

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 the consensus estimate of $1.26 by ($0.06). The business 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%. As a group, equities analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

SN has been the topic of a number of recent analyst reports. The Goldman Sachs Group dropped their price target on shares of SharkNinja from $133.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Oppenheimer decreased their price target on SharkNinja from $130.00 to $105.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Jefferies Financial Group lifted their price objective on SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Canaccord Genuity Group raised their target price on SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. dropped their price target on SharkNinja from $139.00 to $98.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $115.06.

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.