Williamson Legacy Group LLC Raises Stock Position in SharkNinja, Inc. (NYSE:SN)

Williamson Legacy Group LLC grew its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 109.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,930 shares of the company’s stock after purchasing an additional 3,099 shares during the period. Williamson Legacy Group LLC’s holdings in SharkNinja were worth $577,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of SN. Nisa Investment Advisors LLC purchased a new stake in SharkNinja during the third quarter worth about $1,357,000. Stephens Inc. AR purchased a new stake in SharkNinja during the third quarter worth about $272,000. New York State Common Retirement Fund increased its stake in shares of SharkNinja by 49.4% during the third quarter. New York State Common Retirement Fund now owns 219,904 shares of the company’s stock worth $23,906,000 after buying an additional 72,668 shares during the period. Silvant Capital Management LLC purchased a new stake in shares of SharkNinja during the third quarter worth approximately $1,484,000. Finally, Harbor Capital Advisors Inc. increased its stake in shares of SharkNinja by 1,218.0% during the third quarter. Harbor Capital Advisors Inc. now owns 89,967 shares of the company’s stock worth $9,780,000 after buying an additional 83,141 shares during the period. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SN has been the topic of a number of recent research reports. Canaccord Genuity Group upped their target price on shares of SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. upped their target price on shares of SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Morgan Stanley upped their target price on shares of SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Finally, Jefferies Financial Group upped their target price on shares of SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, SharkNinja presently has an average rating of “Moderate Buy” and an average price target of $122.50.

SharkNinja Stock Performance

Shares of SN opened at $104.91 on Friday. The stock has a 50 day moving average price of $106.45 and a 200 day moving average price of $102.63. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $14.68 billion, a price-to-earnings ratio of 33.73, a price-to-earnings-growth ratio of 2.35 and a beta of 1.13. SharkNinja, Inc. has a 52-week low of $53.41 and a 52-week high of $123.00.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.20 earnings per share (EPS) 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 analyst estimates of $1.61 billion. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. Research analysts predict 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.