Wellington Management Group LLP Grows Stock Holdings in SharkNinja, Inc. (NYSE:SN)

Wellington Management Group LLP grew its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 47.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 549,768 shares of the company's stock after purchasing an additional 175,978 shares during the period. Wellington Management Group LLP owned approximately 0.39% of SharkNinja worth $53,525,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Cannell & Spears LLC bought a new stake in SharkNinja during the 4th quarter worth $18,125,000. Janney Montgomery Scott LLC grew its position in SharkNinja by 112.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 10,953 shares of the company's stock worth $1,066,000 after acquiring an additional 5,790 shares during the last quarter. FMR LLC grew its position in SharkNinja by 59.8% during the 4th quarter. FMR LLC now owns 16,467,858 shares of the company's stock worth $1,603,311,000 after acquiring an additional 6,160,226 shares during the last quarter. Raymond James Financial Inc. bought a new stake in SharkNinja during the 4th quarter worth $37,187,000. Finally, Mawer Investment Management Ltd. grew its position in SharkNinja by 3.7% during the 4th quarter. Mawer Investment Management Ltd. now owns 294,798 shares of the company's stock worth $28,702,000 after acquiring an additional 10,413 shares during the last quarter. Institutional investors and hedge funds own 34.77% of the company's stock.

SharkNinja Price Performance

NYSE:SN traded up $0.45 during trading hours on Tuesday, hitting $92.75. 223,771 shares of the company's stock traded hands, compared to its average volume of 1,455,100. The firm has a market cap of $13.08 billion, a P/E ratio of 29.82, a P/E/G ratio of 2.35 and a beta of 1.68. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $123.00. The business's fifty day simple moving average is $84.25 and its two-hundred day simple moving average is $95.47. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.14. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the company earned $1.06 earnings per share. The firm's quarterly revenue was up 14.7% on a year-over-year basis. On average, research analysts anticipate that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

SN has been the topic of a number of research reports. Morgan Stanley upped their price target on SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Oppenheimer upped their price target on SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. decreased their price objective on SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Jefferies Financial Group boosted their price objective on SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Finally, Canaccord Genuity Group upped their target price on SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a report on Friday, February 14th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, SharkNinja presently has an average rating of "Moderate Buy" and a consensus price target of $121.50.

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.