Hussman Strategic Advisors Inc. Grows Stock Holdings in SharkNinja, Inc. (NYSE:SN)

Hussman Strategic Advisors Inc. grew its position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 13.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,700 shares of the company's stock after purchasing an additional 4,200 shares during the quarter. SharkNinja makes up about 0.7% of Hussman Strategic Advisors Inc.'s investment portfolio, making the stock its 28th largest position. Hussman Strategic Advisors Inc.'s holdings in SharkNinja were worth $2,978,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. FMR LLC grew its stake in shares of SharkNinja by 59.8% in the fourth quarter. FMR LLC now owns 16,467,858 shares of the company's stock worth $1,603,311,000 after purchasing an additional 6,160,226 shares during the last quarter. Palestra Capital Management LLC grew its stake in shares of SharkNinja by 83.4% in the fourth quarter. Palestra Capital Management LLC now owns 1,780,785 shares of the company's stock worth $173,377,000 after purchasing an additional 809,960 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of SharkNinja by 24.3% in the fourth quarter. Federated Hermes Inc. now owns 1,138,014 shares of the company's stock worth $110,783,000 after purchasing an additional 222,377 shares during the last quarter. Hood River Capital Management LLC grew its stake in shares of SharkNinja by 30.1% in the fourth quarter. Hood River Capital Management LLC now owns 1,048,390 shares of the company's stock worth $102,071,000 after purchasing an additional 242,723 shares during the last quarter. Finally, Alua Capital Management LP grew its stake in shares of SharkNinja by 17.5% in the fourth quarter. Alua Capital Management LP now owns 1,042,489 shares of the company's stock worth $101,497,000 after purchasing an additional 155,605 shares during the last quarter. 34.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SN has been the topic of several recent analyst reports. Morgan Stanley raised their target price on SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Jefferies Financial Group set a $175.00 price target on shares of SharkNinja in a research note on Monday, June 30th. Canaccord Genuity Group increased their price target on shares of SharkNinja from $127.00 to $136.00 and gave the stock a "buy" rating in a research note on Thursday. JPMorgan Chase & Co. decreased their price target on shares of SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Finally, Oppenheimer increased their price target on shares of SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, SharkNinja has a consensus rating of "Moderate Buy" and a consensus target price of $121.50.

SharkNinja Stock Up 0.8%

NYSE:SN traded up $0.92 during mid-day trading on Monday, hitting $115.98. 254,213 shares of the company's stock were exchanged, compared to its average volume of 1,546,019. SharkNinja, Inc. has a one year low of $60.50 and a one year high of $123.00. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.97 and a quick ratio of 1.17. The business has a fifty day moving average price of $97.70 and a 200 day moving average price of $95.26. The company has a market cap of $16.36 billion, a PE ratio of 36.71, a P/E/G ratio of 2.22 and a beta of 1.66.

SharkNinja (NYSE:SN - Get Free Report) last posted 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 7.86% and a return on equity of 28.89%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the firm posted $1.06 earnings per share. SharkNinja's quarterly revenue was up 14.7% on a year-over-year basis. Equities analysts predict 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.