Northern Trust Corp Boosts Stake 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 the company in its most recent 13F filing with the SEC. The fund owned 131,285 shares of the company's stock after buying an additional 16,607 shares during the quarter. Northern Trust Corp owned about 0.09% of SharkNinja worth $12,782,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SN. Cannell & Spears LLC purchased a new position in shares of SharkNinja in the 4th quarter valued at approximately $18,125,000. Janney Montgomery Scott LLC lifted its stake in shares of SharkNinja by 112.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 10,953 shares of the company's stock valued at $1,066,000 after purchasing an additional 5,790 shares during the period. FMR LLC lifted its stake in shares of SharkNinja by 59.8% in the 4th quarter. FMR LLC now owns 16,467,858 shares of the company's stock valued at $1,603,311,000 after purchasing an additional 6,160,226 shares during the period. Raymond James Financial Inc. purchased a new position in shares of SharkNinja in the 4th quarter valued at approximately $37,187,000. Finally, Mawer Investment Management Ltd. lifted its stake in shares of SharkNinja by 3.7% in the 4th quarter. Mawer Investment Management Ltd. now owns 294,798 shares of the company's stock valued at $28,702,000 after purchasing an additional 10,413 shares during the period. 34.77% of the stock is currently owned by institutional investors.

SharkNinja Stock Down 2.0%

Shares of SN stock traded down $1.99 during mid-day trading on Thursday, hitting $95.30. The company's stock had a trading volume of 1,220,783 shares, compared to its average volume of 1,450,712. SharkNinja, Inc. has a 52-week low of $60.50 and a 52-week high of $123.00. The business has a 50-day moving average price of $83.71 and a 200 day moving average price of $95.82. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73. The stock has a market cap of $13.44 billion, a price-to-earnings ratio of 30.64, a PEG ratio of 2.35 and a beta of 1.68.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.87 earnings per share 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 firm had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter in the previous year, the business earned $1.06 earnings per share. The company's revenue was up 14.7% on a year-over-year basis. Research analysts predict that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SN shares. Guggenheim lowered their target price on SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, May 9th. The Goldman Sachs Group raised their target price on SharkNinja from $100.00 to $112.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Canaccord Genuity Group boosted their target price on SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Oppenheimer boosted their target price on SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Finally, Jefferies Financial Group boosted their target price on SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average 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.