Southeastern Asset Management Inc. TN Cuts Stake in SharkNinja, Inc. (NYSE:SN)

Southeastern Asset Management Inc. TN cut its stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 24.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 438,392 shares of the company's stock after selling 143,016 shares during the quarter. SharkNinja makes up approximately 2.0% of Southeastern Asset Management Inc. TN's portfolio, making the stock its 19th biggest position. Southeastern Asset Management Inc. TN owned 0.31% of SharkNinja worth $42,682,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Voya Investment Management LLC lifted its holdings in SharkNinja by 1.2% in the fourth quarter. Voya Investment Management LLC now owns 13,168 shares of the company's stock valued at $1,282,000 after buying an additional 154 shares during the period. Treasurer of the State of North Carolina lifted its stake in shares of SharkNinja by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 29,100 shares of the company's stock valued at $2,833,000 after purchasing an additional 180 shares during the period. CIBC Asset Management Inc lifted its stake in shares of SharkNinja by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 4,245 shares of the company's stock valued at $413,000 after purchasing an additional 219 shares during the period. Zacks Investment Management boosted its position in shares of SharkNinja by 1.6% during the 4th quarter. Zacks Investment Management now owns 15,879 shares of the company's stock valued at $1,546,000 after purchasing an additional 257 shares in the last quarter. Finally, Avior Wealth Management LLC grew its stake in SharkNinja by 6.4% during the fourth quarter. Avior Wealth Management LLC now owns 5,139 shares of the company's stock worth $500,000 after purchasing an additional 310 shares during the period. Institutional investors own 34.77% of the company's stock.

SharkNinja Stock Down 3.2%

SharkNinja stock traded down $3.26 during trading on Wednesday, hitting $97.33. 389,221 shares of the company were exchanged, compared to its average volume of 1,447,550. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. The business's 50 day moving average is $83.42 and its 200 day moving average is $95.78. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $123.00. The company has a market capitalization of $13.73 billion, a P/E ratio of 31.34, a PEG ratio of 2.35 and a beta of 1.68.

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

Wall Street Analyst Weigh In

SN has been the topic of a number of research analyst reports. Oppenheimer increased their price target on SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. JPMorgan Chase & Co. cut their target price on shares of SharkNinja from $139.00 to $98.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. The Goldman Sachs Group raised their price target on shares of SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Jefferies Financial Group increased their price objective on shares of SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Finally, Guggenheim decreased their target price on SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, May 9th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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.