Teachers Retirement System of The State of Kentucky Raises Stake in SharkNinja, Inc. (NYSE:SN)

Teachers Retirement System of The State of Kentucky boosted its stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 48.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 73,197 shares of the company's stock after purchasing an additional 23,800 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.05% of SharkNinja worth $7,127,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Stifel Financial Corp grew its position in SharkNinja by 2.1% during the 3rd quarter. Stifel Financial Corp now owns 4,790 shares of the company's stock worth $521,000 after purchasing an additional 100 shares during the period. Treasurer of the State of North Carolina increased 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 in the last quarter. CIBC Asset Management Inc boosted its position in SharkNinja by 5.4% during the fourth quarter. CIBC Asset Management Inc now owns 4,245 shares of the company's stock worth $413,000 after purchasing an additional 219 shares in the last quarter. Zacks Investment Management grew its holdings in SharkNinja by 1.6% in the fourth 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 during the period. Finally, Avior Wealth Management LLC grew its holdings in SharkNinja by 6.4% in the fourth quarter. Avior Wealth Management LLC now owns 5,139 shares of the company's stock valued at $500,000 after purchasing an additional 310 shares during the period. 34.77% of the stock is owned by institutional investors and hedge funds.

SharkNinja Price Performance

NYSE SN traded up $0.50 during mid-day trading on Friday, hitting $79.78. The stock had a trading volume of 1,646,970 shares, compared to its average volume of 1,410,178. The firm's 50 day moving average is $86.07 and its 200 day moving average is $97.59. SharkNinja, Inc. has a twelve month low of $60.50 and a twelve month high of $123.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. The stock has a market capitalization of $11.20 billion, a price-to-earnings ratio of 25.65, a PEG ratio of 2.35 and a beta of 1.65.

SharkNinja (NYSE:SN - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.06). The company had revenue of $1.79 billion during the quarter, compared to analysts' expectations of $1.61 billion. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. Equities research analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Canaccord Genuity Group upped their target price on SharkNinja from $129.00 to $136.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Morgan Stanley upped their target price on SharkNinja from $93.00 to $108.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. Jefferies Financial Group upped their target price on SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. The Goldman Sachs Group reduced their target price on SharkNinja from $133.00 to $100.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, 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 research note on Friday, April 11th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, SharkNinja has a consensus rating of "Moderate Buy" and a consensus price target of $116.72.

SharkNinja 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.