Alps Advisors Inc. Makes New Investment in SharkNinja, Inc. (NYSE:SN)

Alps Advisors Inc. bought a new position in SharkNinja, Inc. (NYSE:SN - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,990 shares of the company's stock, valued at approximately $333,000.

Other large investors have also recently bought and sold shares of the company. Victory Capital Management Inc. raised its holdings in shares of SharkNinja by 7.9% during the 4th quarter. Victory Capital Management Inc. now owns 8,461 shares of the company's stock worth $824,000 after buying an additional 620 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in SharkNinja by 20.3% during the fourth quarter. Advisors Asset Management Inc. now owns 23,830 shares of the company's stock valued at $2,320,000 after purchasing an additional 4,013 shares during the last quarter. Boston Partners grew its position in shares of SharkNinja by 10.3% in the fourth quarter. Boston Partners now owns 146,861 shares of the company's stock valued at $14,313,000 after purchasing an additional 13,719 shares in the last quarter. Xponance Inc. boosted its stake in SharkNinja by 11.3% during the fourth quarter. Xponance Inc. now owns 4,053 shares of the company's stock valued at $395,000 after buying an additional 411 shares during the period. Finally, Teacher Retirement System of Texas lifted its stake in SharkNinja by 12.1% during the fourth quarter. Teacher Retirement System of Texas now owns 37,000 shares of the company's stock worth $3,602,000 after purchasing an additional 4,000 shares during the last quarter. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SN has been the topic of a number of recent research reports. Canaccord Genuity Group raised their target price on SharkNinja from $127.00 to $136.00 and gave the stock a "buy" rating in a report on Thursday. Morgan Stanley boosted their target price on SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. lowered their price target on SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a report on Friday, April 11th. The Goldman Sachs Group boosted their price objective on shares of SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Finally, Jefferies Financial Group set a $175.00 price objective on shares of SharkNinja in a research note on Monday, June 30th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $121.50.

SharkNinja Trading Down 0.2%

Shares of NYSE:SN traded down $0.19 during trading on Monday, reaching $114.87. 1,002,558 shares of the company traded hands, compared to its average volume of 1,548,899. The business's fifty day moving average is $97.70 and its 200-day moving average is $95.26. The company has a current ratio of 1.97, a quick ratio of 1.17 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $16.20 billion, a price-to-earnings ratio of 36.35, a P/E/G ratio of 2.22 and a beta of 1.66. SharkNinja, Inc. has a 52-week low of $60.50 and a 52-week high of $123.00.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.73 by $0.14. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.17 billion. SharkNinja had a return on equity of 28.89% and a net margin of 7.86%. SharkNinja's quarterly revenue was up 14.7% compared to the same quarter last year. During the same period last year, the company earned $1.06 earnings per share. As a group, analysts forecast that SharkNinja, Inc. will post 4.52 EPS for the current year.

SharkNinja 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.