Northern Trust Corp Raises Position in SharkNinja, Inc. (NYSE:SN)

Northern Trust Corp raised its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 14.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 131,285 shares of the company's stock after buying an additional 16,607 shares during the period. Northern Trust Corp owned about 0.09% of SharkNinja worth $12,782,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in SN. Quarry LP bought a new stake in shares of SharkNinja in the 4th quarter worth $47,000. Boothbay Fund Management LLC grew its position in SharkNinja by 45.3% in the 4th quarter. Boothbay Fund Management LLC now owns 26,008 shares of the company's stock worth $2,532,000 after purchasing an additional 8,107 shares in the last quarter. Nebula Research & Development LLC purchased a new stake in SharkNinja in the 4th quarter valued at about $3,013,000. Oberweis Asset Management Inc. lifted its position in shares of SharkNinja by 8.0% during the 4th quarter. Oberweis Asset Management Inc. now owns 499,290 shares of the company's stock worth $48,611,000 after buying an additional 37,100 shares in the last quarter. Finally, Voya Investment Management LLC lifted its position in shares of SharkNinja by 1.2% during the 4th quarter. Voya Investment Management LLC now owns 13,168 shares of the company's stock worth $1,282,000 after buying an additional 154 shares in the last quarter. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Trading Down 0.5%

Shares of NYSE:SN traded down $0.53 on Tuesday, reaching $100.62. 823,353 shares of the company traded hands, compared to its average volume of 1,450,311. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $123.00. The business's 50-day simple moving average is $83.14 and its 200 day simple moving average is $95.74. The stock has a market capitalization of $14.19 billion, a P/E ratio of 32.35, a price-to-earnings-growth ratio of 2.35 and a beta of 1.68.

SharkNinja (NYSE:SN - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.87 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts' expectations of $1.17 billion. During the same period last year, the firm earned $1.06 earnings per share. SharkNinja's quarterly revenue was up 14.7% on a year-over-year basis. As a group, equities analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

Analysts Set New Price Targets

SN has been the subject of a number of research analyst reports. Jefferies Financial Group increased their price target on SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Oppenheimer boosted their price objective on SharkNinja from $105.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Guggenheim decreased their price objective on SharkNinja from $135.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. JPMorgan Chase & Co. reduced their target price on SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Finally, Canaccord Genuity Group lifted their price target on SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a research report on Friday, February 14th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, SharkNinja currently has a consensus rating of "Moderate Buy" and a consensus target price of $121.50.

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.