Hardman Johnston Global Advisors LLC Takes $19.96 Million Position in SharkNinja, Inc. (NYSE:SN)

Hardman Johnston Global Advisors LLC bought a new stake in shares of SharkNinja, Inc. (NYSE:SN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 205,035 shares of the company’s stock, valued at approximately $19,962,000. Hardman Johnston Global Advisors LLC owned approximately 0.15% of SharkNinja at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Y Intercept Hong Kong Ltd purchased a new stake in shares of SharkNinja during the 4th quarter valued at about $947,000. Legacy Capital Group California Inc. purchased a new stake in shares of SharkNinja during the 4th quarter valued at about $542,000. Hussman Strategic Advisors Inc. raised its position in SharkNinja by 87.5% in the 4th quarter. Hussman Strategic Advisors Inc. now owns 31,500 shares of the company’s stock worth $3,067,000 after purchasing an additional 14,700 shares during the period. Handelsbanken Fonder AB purchased a new stake in SharkNinja in the 4th quarter worth about $1,246,000. Finally, Private Advisor Group LLC purchased a new stake in SharkNinja in the 4th quarter worth about $1,636,000. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

SharkNinja Price Performance

Shares of SN stock opened at $103.17 on Monday. 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 company has a market capitalization of $14.44 billion, a P/E ratio of 33.17, a P/E/G ratio of 2.35 and a beta of 1.13. The company’s 50-day simple moving average is $105.77 and its two-hundred day simple moving average is $102.26. SharkNinja, Inc. has a one year low of $52.05 and a one year high of $123.00.

SharkNinja (NYSE:SN) last released 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). SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. As a group, equities analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SN shares. Morgan Stanley increased their price objective on shares of SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. increased their price objective on shares of SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Canaccord Genuity Group increased their price objective on shares of SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, Jefferies Financial Group increased their price objective on shares of SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. One investment 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, SharkNinja has an average rating of “Moderate Buy” and an average target price of $122.50.

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.