Teacher Retirement System of Texas Has $3.60 Million Stock Position in SharkNinja, Inc. (NYSE:SN)

Teacher Retirement System of Texas lifted its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 12.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,000 shares of the company’s stock after acquiring an additional 4,000 shares during the period. Teacher Retirement System of Texas’ holdings in SharkNinja were worth $3,602,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Safe Harbor Fiduciary LLC bought a new stake in SharkNinja during the 3rd quarter worth approximately $54,000. R Squared Ltd purchased a new position in shares of SharkNinja during the fourth quarter valued at approximately $55,000. Northwest & Ethical Investments L.P. bought a new stake in SharkNinja during the third quarter worth $163,000. SG Americas Securities LLC purchased a new stake in SharkNinja in the 4th quarter valued at $171,000. Finally, First Dallas Securities Inc. bought a new position in SharkNinja during the 3rd quarter valued at $215,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

Wall Street Analyst Weigh In

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

SharkNinja Stock Performance

Shares of SN opened at $92.20 on Tuesday. SharkNinja, Inc. has a 1 year low of $59.78 and a 1 year high of $123.00. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. The stock’s fifty day moving average price is $103.53 and its two-hundred day moving average price is $102.62. The firm has a market cap of $12.90 billion, a PE ratio of 29.65, a PEG ratio of 2.35 and a beta of 1.24.

SharkNinja (NYSE:SN) last announced its quarterly earnings data 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 firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. On average, equities research analysts forecast that SharkNinja, Inc. will post 4.52 EPS for the current year.

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.