Russell Investments Group Ltd. Grows Holdings in SharkNinja, Inc. (NYSE:SN)

Russell Investments Group Ltd. lifted its position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 36.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 310,395 shares of the company's stock after buying an additional 83,133 shares during the period. Russell Investments Group Ltd. owned about 0.22% of SharkNinja worth $15,976,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SN. New York State Common Retirement Fund acquired a new position in SharkNinja during the fourth quarter worth $2,925,000. Moody Aldrich Partners LLC grew its holdings in shares of SharkNinja by 9.3% in the 4th quarter. Moody Aldrich Partners LLC now owns 145,362 shares of the company's stock valued at $7,438,000 after acquiring an additional 12,360 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of SharkNinja in the fourth quarter valued at about $772,000. OPTIMAS CAPITAL Ltd bought a new stake in SharkNinja during the fourth quarter worth about $875,000. Finally, WT Asset Management Ltd acquired a new position in SharkNinja during the fourth quarter valued at approximately $3,275,000. 34.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. UBS Group started coverage on shares of SharkNinja in a research note on Monday, April 15th. They set a "buy" rating and a $76.00 price objective on the stock. Morgan Stanley initiated coverage on SharkNinja in a research report on Tuesday, January 30th. They issued an "equal weight" rating and a $54.00 price objective for the company. The Goldman Sachs Group boosted their target price on SharkNinja from $59.00 to $74.00 and gave the stock a "buy" rating in a report on Thursday, April 25th. Canaccord Genuity Group raised their price target on SharkNinja from $68.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, April 2nd. Finally, Guggenheim started coverage on shares of SharkNinja in a research report on Monday, February 5th. They set a "buy" rating and a $60.00 price objective for the company. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, SharkNinja presently has a consensus rating of "Moderate Buy" and a consensus target price of 67.14.

SharkNinja Price Performance

SN stock traded up 0.96 during trading on Friday, reaching 66.08. 918,100 shares of the company were exchanged, compared to its average volume of 800,639. The company has a 50-day moving average of 60.44 and a two-hundred day moving average of 52.18. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.69 and a quick ratio of 1.06. SharkNinja, Inc. has a twelve month low of 25.84 and a twelve month high of 66.99. The company has a market capitalization of $9.19 billion and a price-to-earnings ratio of 16.77.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The company reported 0.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of 0.86 by 0.08. The firm had revenue of 1.38 billion during the quarter, compared to the consensus estimate of 1.31 billion. SharkNinja had a return on equity of 24.71% and a net margin of 3.93%. The company's revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter last year, the company posted $0.54 EPS. As a group, equities analysts predict that SharkNinja, Inc. will post 3.54 earnings per share for the current fiscal year.

SharkNinja Company 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.