SharkNinja, Inc. (NYSE:SN) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its position in shares of SharkNinja, Inc. (NYSE:SN) by 26.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,226,347 shares of the company’s stock after selling 432,741 shares during the period. Thrivent Financial for Lutherans’ holdings in SharkNinja were worth $119,398,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. CIBC Asset Management Inc boosted its position in shares of SharkNinja by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 4,026 shares of the company’s stock worth $438,000 after acquiring an additional 139 shares in the last quarter. Braun Stacey Associates Inc. purchased a new stake in shares of SharkNinja in the third quarter valued at about $9,167,000. LMR Partners LLP purchased a new position in shares of SharkNinja during the 3rd quarter worth approximately $1,521,000. Avior Wealth Management LLC lifted its holdings in SharkNinja by 11,972.5% in the third quarter. Avior Wealth Management LLC now owns 4,829 shares of the company’s stock valued at $525,000 after acquiring an additional 4,789 shares during the period. Finally, Thompson Davis & CO. Inc. purchased a new stake in SharkNinja during the third quarter worth about $261,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Stock Performance

NYSE SN opened at $90.06 on Tuesday. SharkNinja, Inc. has a 52-week low of $56.10 and a 52-week high of $123.00. The firm has a market capitalization of $12.60 billion, a price-to-earnings ratio of 28.96, a P/E/G ratio of 2.35 and a beta of 1.24. The company’s fifty day moving average is $104.98 and its two-hundred day moving average is $102.87. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14.

SharkNinja (NYSE:SN) last released its quarterly 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 for 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%. Equities research analysts forecast that SharkNinja, Inc. will post 4.52 EPS for the current year.

Analysts Set New Price Targets

SN has been the subject of several research reports. Morgan Stanley lifted their price objective on SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Jefferies Financial Group increased their price target 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. Canaccord Genuity Group boosted their target price on SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. raised their price objective on SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $122.50.

About SharkNinja

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.