SharkNinja, Inc. (NYSE:SN) Shares Acquired by Polar Capital Holdings Plc

Polar Capital Holdings Plc lifted its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 160.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,667 shares of the company's stock after purchasing an additional 69,411 shares during the quarter. Polar Capital Holdings Plc owned 0.08% of SharkNinja worth $10,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Cannell & Spears LLC bought a new stake in SharkNinja in the 4th quarter worth approximately $18,125,000. Janney Montgomery Scott LLC boosted 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 worth $1,066,000 after buying an additional 5,790 shares during the last quarter. FMR LLC increased its position in SharkNinja by 59.8% during the fourth quarter. FMR LLC now owns 16,467,858 shares of the company's stock valued at $1,603,311,000 after acquiring an additional 6,160,226 shares during the last quarter. Raymond James Financial Inc. bought a new position in SharkNinja in the fourth quarter valued at about $37,187,000. Finally, Mawer Investment Management Ltd. boosted its position in SharkNinja by 3.7% in the fourth quarter. Mawer Investment Management Ltd. now owns 294,798 shares of the company's stock worth $28,702,000 after purchasing an additional 10,413 shares during the last quarter. Institutional investors own 34.77% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on SN. Guggenheim reduced their target price on shares of SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a report on Friday, May 9th. JPMorgan Chase & Co. cut their price target 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 lifted their price objective on SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. The Goldman Sachs Group raised their target price on shares of SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Finally, Morgan Stanley upped their price target on shares of SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, SharkNinja presently has an average rating of "Moderate Buy" and a consensus target price of $121.50.

SharkNinja Stock Down 0.5%

SharkNinja stock traded down $0.53 during midday trading on Tuesday, hitting $100.62. 823,323 shares of the company's stock were exchanged, compared to its average volume of 1,694,288. 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 company has a market cap of $14.19 billion, a PE ratio of 32.35, a P/E/G ratio of 2.35 and a beta of 1.68. The firm has a 50-day moving average of $83.14 and a two-hundred day moving average of $95.74. SharkNinja, Inc. has a 12 month low of $60.50 and a 12 month high of $123.00.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.14. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.17 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. The business's revenue was up 14.7% compared to the same quarter last year. During the same period last year, the business posted $1.06 EPS. As a group, analysts expect that SharkNinja, Inc. will post 4.52 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.