Barclays PLC Purchases 4,533 Shares of SharkNinja, Inc. (NYSE:SN)

Barclays PLC increased its stake in shares of SharkNinja, Inc. (NYSE:SN) by 117.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,394 shares of the company’s stock after purchasing an additional 4,533 shares during the period. Barclays PLC’s holdings in SharkNinja were worth $913,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. FMR LLC raised its holdings in shares of SharkNinja by 47.5% during the third quarter. FMR LLC now owns 10,307,632 shares of the company’s stock worth $1,120,543,000 after acquiring an additional 3,321,684 shares during the period. Baillie Gifford & Co. increased its holdings in shares of SharkNinja by 6,408.9% during the 3rd quarter. Baillie Gifford & Co. now owns 1,825,626 shares of the company’s stock worth $198,464,000 after acquiring an additional 1,797,578 shares during the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of SharkNinja during the 3rd quarter worth about $114,878,000. Thrivent Financial for Lutherans increased its stake in shares of SharkNinja by 29.0% during the second quarter. Thrivent Financial for Lutherans now owns 1,695,933 shares of the company’s stock worth $127,450,000 after purchasing an additional 380,926 shares during the period. Finally, WCM Investment Management LLC bought a new stake in shares of SharkNinja in the third quarter valued at about $23,874,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Trading Up 1.3 %

Shares of SharkNinja stock opened at $105.70 on Wednesday. SharkNinja, Inc. has a 52-week low of $45.85 and a 52-week high of $112.93. The stock has a market capitalization of $14.79 billion, a P/E ratio of 41.45, a P/E/G ratio of 1.65 and a beta of 1.10. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67. The stock’s 50-day simple moving average is $99.79 and its 200 day simple moving average is $94.97.

SharkNinja (NYSE:SN) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.17. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.31 billion. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. SharkNinja’s revenue was up 33.3% compared to the same quarter last year. During the same period last year, the business earned $0.95 earnings per share. As a group, research analysts anticipate that SharkNinja, Inc. will post 3.88 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SN shares. The Goldman Sachs Group upped their target price on SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Oppenheimer started coverage on shares of SharkNinja in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $120.00 price target for the company. Morgan Stanley raised their price target on shares of SharkNinja from $80.00 to $93.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. JPMorgan Chase & Co. dropped their price target on SharkNinja from $128.00 to $120.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Finally, Jefferies Financial Group upped their price target on SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, SharkNinja presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.50.

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.