SharkNinja (NYSE:SN) Price Target Raised to $127.00

SharkNinja (NYSE:SN) had its price target lifted by JPMorgan Chase & Co. from $120.00 to $127.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

SN has been the topic of several other reports. Jefferies Financial Group increased their target price on SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Canaccord Genuity Group increased their price objective on shares of SharkNinja from $128.00 to $129.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Morgan Stanley boosted their target price on shares of SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Guggenheim increased their price target on shares of SharkNinja from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Finally, The Goldman Sachs Group boosted their price objective on shares of SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a research report on Monday, October 21st. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, SharkNinja presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.28.

SharkNinja Price Performance

Shares of SharkNinja stock opened at $109.61 on Thursday. The company has a quick ratio of 0.95, a current ratio of 1.67 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $15.34 billion, a price-to-earnings ratio of 42.99, a price-to-earnings-growth ratio of 1.54 and a beta of 1.10. SharkNinja has a twelve month low of $45.85 and a twelve month high of $112.93. The company has a 50-day simple moving average of $100.45 and a two-hundred day simple moving average of $95.37.

SharkNinja (NYSE:SN) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.17. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.31 billion. SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. The firm’s revenue for the quarter was up 33.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 earnings per share. Analysts forecast that SharkNinja will post 3.89 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Signaturefd LLC raised its holdings in SharkNinja by 104.6% in the 3rd quarter. Signaturefd LLC now owns 356 shares of the company’s stock valued at $39,000 after buying an additional 182 shares during the last quarter. Hollencrest Capital Management acquired a new position in SharkNinja in the 3rd quarter valued at approximately $54,000. Safe Harbor Fiduciary LLC bought a new position in shares of SharkNinja during the third quarter valued at $54,000. Waldron Private Wealth LLC acquired a new position in shares of SharkNinja during the third quarter worth $65,000. Finally, Northwest & Ethical Investments L.P. bought a new stake in shares of SharkNinja in the third quarter worth $163,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

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.