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

Blair William & Co. IL acquired a new stake in shares of SharkNinja, Inc. (NYSE:SN) during the second quarter, HoldingsChannel reports. The fund acquired 68,109 shares of the company’s stock, valued at approximately $5,118,000.

Other hedge funds also recently bought and sold shares of the company. Parallel Advisors LLC bought a new position in SharkNinja during the fourth quarter valued at approximately $37,000. Picton Mahoney Asset Management bought a new position in shares of SharkNinja during the 2nd quarter valued at $70,000. Headlands Technologies LLC purchased a new position in SharkNinja in the 1st quarter worth $66,000. Kessler Investment Group LLC bought a new stake in SharkNinja in the second quarter worth $125,000. Finally, Essex LLC bought a new stake in SharkNinja in the first quarter worth $204,000. Institutional investors own 34.77% of the company’s stock.

SharkNinja Stock Performance

Shares of SN stock opened at $105.77 on Friday. The firm has a market capitalization of $14.80 billion, a price-to-earnings ratio of 78.35, a PEG ratio of 1.52 and a beta of 0.76. The stock has a fifty day moving average of $87.18 and a 200 day moving average of $75.19. SharkNinja, Inc. has a 52 week low of $38.69 and a 52 week high of $108.68. The company has a quick ratio of 1.04, a current ratio of 1.71 and a debt-to-equity ratio of 0.46.

SharkNinja (NYSE:SN) last posted its earnings results on Thursday, August 8th. The company reported $0.71 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $1.08 billion. During the same period last year, the company posted $0.46 EPS. The company’s quarterly revenue was up 31.4% compared to the same quarter last year. As a group, research analysts expect that SharkNinja, Inc. will post 3.89 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. China Renaissance assumed coverage on SharkNinja in a report on Wednesday, May 29th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. lifted their price target on SharkNinja from $80.00 to $97.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Canaccord Genuity Group increased their price objective on SharkNinja from $82.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Bank of America lifted their target price on shares of SharkNinja from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. Finally, The Goldman Sachs Group increased their price target on shares of SharkNinja from $83.00 to $102.00 and gave the company a “buy” rating in a research report on Monday, August 12th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.81.

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.