Thrivent Financial for Lutherans Buys 380,926 Shares of SharkNinja, Inc. (NYSE:SN)

Thrivent Financial for Lutherans increased its stake in shares of SharkNinja, Inc. (NYSE:SN) by 29.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,695,933 shares of the company’s stock after acquiring an additional 380,926 shares during the quarter. Thrivent Financial for Lutherans owned approximately 1.21% of SharkNinja worth $127,450,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of SN. SG Americas Securities LLC lifted its stake in shares of SharkNinja by 9.4% in the first quarter. SG Americas Securities LLC now owns 4,418 shares of the company’s stock valued at $275,000 after buying an additional 380 shares in the last quarter. Parallel Advisors LLC bought a new stake in SharkNinja in the 4th quarter valued at about $37,000. Picton Mahoney Asset Management purchased a new stake in SharkNinja during the second quarter valued at about $70,000. Headlands Technologies LLC bought a new position in SharkNinja during the first quarter worth about $66,000. Finally, Kessler Investment Group LLC purchased a new position in shares of SharkNinja in the second quarter worth about $125,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Stock Performance

Shares of NYSE SN opened at $105.77 on Friday. The stock has a market cap of $14.80 billion, a price-to-earnings ratio of 78.35, a P/E/G ratio of 1.52 and a beta of 0.76. The stock’s 50-day moving average is $87.18 and its 200 day moving average is $75.06. The company has a current ratio of 1.71, a quick ratio of 1.04 and a debt-to-equity ratio of 0.46. SharkNinja, Inc. has a 1-year low of $38.69 and a 1-year high of $108.68.

SharkNinja (NYSE:SN) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.14. SharkNinja had a net margin of 5.16% and a return on equity of 32.29%. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the business posted $0.46 EPS. The business’s quarterly revenue was up 31.4% on a year-over-year basis. On average, sell-side analysts anticipate that SharkNinja, Inc. will post 3.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SN has been the subject of several analyst reports. Canaccord Genuity Group raised their price objective on shares of SharkNinja from $82.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. JPMorgan Chase & Co. lifted their price target on SharkNinja from $80.00 to $97.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. The Goldman Sachs Group increased their price objective on SharkNinja from $83.00 to $102.00 and gave the stock a “buy” rating in a report on Monday, August 12th. China Renaissance began coverage on SharkNinja in a report on Wednesday, May 29th. They set a “buy” rating for the company. Finally, Bank of America raised their price objective on shares of SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, SharkNinja has an average rating of “Moderate Buy” and an average price target of $83.81.

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.