Artemis Investment Management LLP Boosts Stock Holdings in SharkNinja, Inc. (NYSE:SN)

Artemis Investment Management LLP grew its position in SharkNinja, Inc. (NYSE:SN) by 74.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 390,757 shares of the company’s stock after acquiring an additional 166,392 shares during the quarter. Artemis Investment Management LLP owned about 0.28% of SharkNinja worth $38,044,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Contravisory Investment Management Inc. acquired a new position in SharkNinja in the 4th quarter valued at $8,170,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of SharkNinja by 81.4% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 16,108 shares of the company’s stock valued at $1,568,000 after buying an additional 7,227 shares during the last quarter. Oak Thistle LLC purchased a new position in shares of SharkNinja in the fourth quarter worth about $353,000. Capital CS Group LLC acquired a new position in SharkNinja during the fourth quarter worth about $314,000. Finally, City Center Advisors LLC purchased a new stake in SharkNinja during the 4th quarter valued at about $316,000. 34.77% of the stock is owned by institutional investors and hedge funds.

SharkNinja Stock Performance

NYSE SN opened at $109.61 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.67 and a quick ratio of 0.95. The company has a market cap of $15.34 billion, a P/E ratio of 42.99, a P/E/G ratio of 1.54 and a beta of 1.10. The stock has a 50-day moving average of $100.45 and a two-hundred day moving average of $95.37. SharkNinja, Inc. has a 1-year low of $45.85 and a 1-year high of $112.93.

SharkNinja (NYSE:SN) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.04 by $0.17. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.31 billion. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The company’s quarterly revenue was up 33.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.95 earnings per share. As a group, analysts anticipate that SharkNinja, Inc. will post 3.89 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SN. Jefferies Financial Group boosted their target price on SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Morgan Stanley upped their target price on SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Guggenheim lifted their price target on SharkNinja from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Oppenheimer started coverage on shares of SharkNinja in a report on Tuesday, October 1st. They issued an “outperform” rating and a $120.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted 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. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.28.

SharkNinja 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.