Credit Agricole S A Grows Holdings in SharkNinja, Inc. $SN

Key Points

• Credit Agricole S A increased its stake in SharkNinja, Inc. by 45.2%, acquiring an additional 6,958 shares for a total of 22,358 shares valued at $1.865 million.
• Several institutional investors significantly increased their holdings, with notable growth from GAMMA Investing LLC by 77.9% and Harbour Investments Inc. by 5,800%.
• Analysts have set new price targets for SharkNinja, with Canaccord Genuity raising its target from $127 to $136, while Zacks Research upgraded its rating to a strong-buy.

Credit Agricole S A boosted its position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 45.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 22,358 shares of the company's stock after purchasing an additional 6,958 shares during the quarter. Credit Agricole S A's holdings in SharkNinja were worth $1,865,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SN. Wells Fargo & Company MN grew its position in SharkNinja by 14.8% during the 4th quarter. Wells Fargo & Company MN now owns 9,944 shares of the company's stock valued at $968,000 after purchasing an additional 1,280 shares during the last quarter. Envestnet Asset Management Inc. grew its position in SharkNinja by 28.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 18,552 shares of the company's stock valued at $1,806,000 after purchasing an additional 4,160 shares during the last quarter. Mariner LLC purchased a new stake in SharkNinja during the 4th quarter valued at about $264,000. First Trust Advisors LP grew its position in SharkNinja by 489.5% during the 4th quarter. First Trust Advisors LP now owns 226,751 shares of the company's stock valued at $22,076,000 after purchasing an additional 188,283 shares during the last quarter. Finally, Stifel Financial Corp grew its position in SharkNinja by 11.7% during the 4th quarter. Stifel Financial Corp now owns 5,352 shares of the company's stock valued at $521,000 after purchasing an additional 562 shares during the last quarter. 34.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Morgan Stanley increased their price objective on shares of SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a research report on Friday, May 9th. Zacks Research upgraded shares of SharkNinja from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 20th. Oppenheimer upped their target price on shares of SharkNinja from $120.00 to $135.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Jefferies Financial Group set a $175.00 target price on shares of SharkNinja in a research note on Monday, June 30th. Finally, The Goldman Sachs Group upped their target price on shares of SharkNinja from $100.00 to $112.00 and gave the company a "buy" rating in a research note on Friday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, SharkNinja currently has a consensus rating of "Buy" and a consensus price target of $131.86.

SharkNinja Stock Performance

Shares of SN traded down $3.90 on Thursday, reaching $116.39. The company's stock had a trading volume of 2,790,235 shares, compared to its average volume of 1,658,961. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.94 and a quick ratio of 1.20. The stock has a market capitalization of $16.43 billion, a P/E ratio of 31.80, a PEG ratio of 2.25 and a beta of 1.69. The stock's 50 day simple moving average is $111.32 and its two-hundred day simple moving average is $97.14. SharkNinja, Inc. has a 12-month low of $60.50 and a 12-month high of $128.51.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.19. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.38 billion. SharkNinja had a net margin of 8.82% and a return on equity of 28.78%. The firm's revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.71 earnings per share. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. Research analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal 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.