Southeastern Asset Management Inc. TN Sells 143,016 Shares of SharkNinja, Inc. (NYSE:SN)

Southeastern Asset Management Inc. TN lessened its stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 24.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 438,392 shares of the company's stock after selling 143,016 shares during the period. SharkNinja makes up about 2.0% of Southeastern Asset Management Inc. TN's investment portfolio, making the stock its 19th largest holding. Southeastern Asset Management Inc. TN owned 0.31% of SharkNinja worth $42,682,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP bought a new position in SharkNinja during the 4th quarter valued at approximately $47,000. R Squared Ltd bought a new position in SharkNinja during the 4th quarter valued at approximately $55,000. Covestor Ltd increased its position in SharkNinja by 284.4% during the 4th quarter. Covestor Ltd now owns 642 shares of the company's stock valued at $63,000 after buying an additional 475 shares in the last quarter. SG Americas Securities LLC bought a new position in SharkNinja during the 4th quarter valued at approximately $171,000. Finally, Altshuler Shaham Ltd bought a new position in SharkNinja during the 4th quarter valued at approximately $209,000. Institutional investors own 34.77% of the company's stock.

SharkNinja Stock Performance

Shares of SN opened at $100.63 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. SharkNinja, Inc. has a one year low of $60.50 and a one year high of $123.00. The firm has a market capitalization of $14.12 billion, a P/E ratio of 32.36, a PEG ratio of 2.35 and a beta of 1.68. The business has a fifty day moving average of $82.69 and a 200 day moving average of $95.80.

SharkNinja (NYSE:SN - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.87 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 during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the company posted $1.06 earnings per share. SharkNinja's revenue was up 14.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SN. Oppenheimer lifted 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. Morgan Stanley lifted their target price on SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a report 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 report on Friday, April 11th. The Goldman Sachs Group lifted their target price on SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Finally, Guggenheim reduced their target price on SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a report on Friday, May 9th. One research 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, SharkNinja currently has an average rating of "Moderate Buy" and an average price target of $121.50.

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.

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