Blair William & Co. IL Takes $5.12 Million Position in SharkNinja, Inc. (NYSE:SN)

Blair William & Co. IL purchased a new position in SharkNinja, Inc. (NYSE:SN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 68,109 shares of the company’s stock, valued at approximately $5,118,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Parallel Advisors LLC bought a new position in SharkNinja during the fourth quarter valued at $37,000. Headlands Technologies LLC purchased a new stake in SharkNinja in the 1st quarter worth about $66,000. Picton Mahoney Asset Management purchased a new stake in SharkNinja in the 2nd quarter worth about $70,000. Kessler Investment Group LLC bought a new stake in SharkNinja in the 2nd quarter valued at about $125,000. Finally, Essex LLC purchased a new stake in SharkNinja during the first quarter valued at about $204,000. Institutional investors own 34.77% of the company’s stock.

SharkNinja Price Performance

NYSE:SN opened at $105.77 on Friday. SharkNinja, Inc. has a 52-week low of $38.69 and a 52-week high of $108.68. The stock has a fifty day moving average of $87.18 and a 200 day moving average of $75.19. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.04 and a current ratio of 1.71. The firm has a market capitalization 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.

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

Wall Street Analysts Forecast Growth

SN has been the topic of several research reports. Bank of America boosted their price target 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. JPMorgan Chase & Co. boosted their target price on shares of SharkNinja from $80.00 to $97.00 and gave the company an “overweight” rating in a report on Friday, August 9th. Canaccord Genuity Group raised their price target on SharkNinja from $82.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. The Goldman Sachs Group boosted their price objective on SharkNinja from $83.00 to $102.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, China Renaissance began coverage on SharkNinja in a research note on Wednesday, May 29th. They issued a “buy” rating for the company. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus 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.