Nomura Asset Management Co. Ltd. Grows Holdings in SharkNinja, Inc. (NYSE:SN)

Nomura Asset Management Co. Ltd. grew its stake in shares of SharkNinja, Inc. (NYSE:SN) by 72.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 385,254 shares of the company’s stock after purchasing an additional 161,552 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in SharkNinja were worth $37,508,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Safe Harbor Fiduciary LLC bought a new stake in SharkNinja during the 3rd quarter valued at $54,000. R Squared Ltd purchased a new stake in SharkNinja in the fourth quarter worth about $55,000. Northwest & Ethical Investments L.P. bought a new position in SharkNinja during the 3rd quarter worth about $163,000. SG Americas Securities LLC purchased a new position in SharkNinja during the 4th quarter valued at about $171,000. Finally, First Dallas Securities Inc. bought a new stake in shares of SharkNinja in the 3rd quarter valued at about $215,000. 34.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SN shares. Jefferies Financial Group lifted their price objective on shares of SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Morgan Stanley lifted their price target on SharkNinja from $93.00 to $108.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Canaccord Genuity Group upped their price objective on SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. lifted their target price on SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $122.50.

SharkNinja Trading Down 1.9 %

SharkNinja stock opened at $83.74 on Friday. SharkNinja, Inc. has a one year low of $60.72 and a one year high of $123.00. The stock has a market cap of $11.72 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 2.35 and a beta of 1.24. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73. The stock has a 50-day moving average of $101.91 and a two-hundred day moving average of $102.30.

SharkNinja (NYSE:SN) last released its earnings results on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.06). SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.61 billion. On average, research analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

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.