Blair William & Co. IL Sells 11,269 Shares of SharkNinja, Inc. (NYSE:SN)

Blair William & Co. IL cut its holdings in SharkNinja, Inc. (NYSE:SN) by 10.1% during the 4th quarter, Holdings Channel reports. The fund owned 100,778 shares of the company’s stock after selling 11,269 shares during the period. Blair William & Co. IL’s holdings in SharkNinja were worth $9,812,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Safe Harbor Fiduciary LLC bought a new position in SharkNinja in the 3rd quarter worth $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 shares of SharkNinja in the third quarter worth about $163,000. SG Americas Securities LLC purchased a new position in shares of SharkNinja during the 4th quarter valued at about $171,000. Finally, First Dallas Securities Inc. bought a new position in shares of SharkNinja during the 3rd quarter valued at approximately $215,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

SharkNinja Price Performance

Shares of SharkNinja stock opened at $83.74 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. SharkNinja, Inc. has a 12 month low of $60.72 and a 12 month high of $123.00. The stock has a 50 day moving average of $101.91 and a 200 day moving average of $102.34. The firm has a market cap of $11.72 billion, a PE ratio of 26.92, a PEG ratio of 2.35 and a beta of 1.24.

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

Wall Street Analyst Weigh In

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

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.