Riposte Capital LLC Raises Stock Position in SharkNinja, Inc. (NYSE:SN)

Riposte Capital LLC grew its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 15.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 115,000 shares of the company’s stock after buying an additional 15,000 shares during the quarter. SharkNinja accounts for approximately 2.2% of Riposte Capital LLC’s holdings, making the stock its 13th biggest holding. Riposte Capital LLC owned approximately 0.08% of SharkNinja worth $11,196,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SN. FMR LLC raised its stake in shares of SharkNinja by 47.5% in the third quarter. FMR LLC now owns 10,307,632 shares of the company’s stock valued at $1,120,543,000 after acquiring an additional 3,321,684 shares during the period. HighTower Advisors LLC grew its holdings in SharkNinja by 42.9% during the 4th quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company’s stock valued at $699,021,000 after purchasing an additional 2,155,136 shares during the last quarter. Westfield Capital Management Co. LP purchased a new stake in SharkNinja in the 3rd quarter worth about $114,878,000. Baillie Gifford & Co. lifted its stake in SharkNinja by 33.1% in the fourth quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company’s stock worth $236,603,000 after purchasing an additional 604,559 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its position in shares of SharkNinja by 26.4% during the fourth quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company’s stock valued at $275,270,000 after buying an additional 590,632 shares during the period. Institutional investors own 34.77% of the company’s stock.

Wall Street Analyst Weigh In

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

SharkNinja Trading Down 1.6 %

NYSE SN opened at $87.95 on Monday. SharkNinja, Inc. has a one year low of $59.78 and a one year high of $123.00. 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 company has a market capitalization of $12.31 billion, a price-to-earnings ratio of 28.28, a price-to-earnings-growth ratio of 2.35 and a beta of 1.24. The company’s 50-day simple moving average is $103.78 and its two-hundred day simple moving average is $102.66.

SharkNinja (NYSE:SN) last issued its quarterly earnings data on Thursday, February 13th. The company reported $1.20 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 the consensus estimate of $1.61 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. Equities analysts forecast 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.