HighTower Advisors LLC Increases Holdings in SharkNinja, Inc. (NYSE:SN)

HighTower Advisors LLC increased its holdings in SharkNinja, Inc. (NYSE:SN) by 42.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,179,756 shares of the company’s stock after buying an additional 2,155,136 shares during the period. SharkNinja comprises approximately 1.0% of HighTower Advisors LLC’s investment portfolio, making the stock its 11th biggest holding. HighTower Advisors LLC owned about 0.05% of SharkNinja worth $699,021,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SN. Safe Harbor Fiduciary LLC purchased a new stake in shares of SharkNinja during the 3rd quarter worth about $54,000. R Squared Ltd purchased a new position in SharkNinja in the 4th quarter valued at approximately $55,000. Northwest & Ethical Investments L.P. purchased a new position in SharkNinja in the 3rd quarter valued at approximately $163,000. SG Americas Securities LLC purchased a new stake in shares of SharkNinja during the 4th quarter worth $171,000. Finally, First Dallas Securities Inc. purchased a new stake in shares of SharkNinja during the 3rd quarter worth $215,000. Institutional investors own 34.77% of the company’s stock.

SharkNinja Stock Up 3.0 %

SN opened at $89.23 on Wednesday. SharkNinja, Inc. has a 1-year low of $55.96 and a 1-year high of $123.00. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $12.49 billion, a price-to-earnings ratio of 28.69, a P/E/G ratio of 2.35 and a beta of 1.24. The business has a 50 day moving average of $105.78 and a 200-day moving average of $102.91.

SharkNinja (NYSE:SN) last issued 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 company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.61 billion. As a group, sell-side analysts anticipate that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

SN has been the topic of a number of recent research reports. Canaccord Genuity Group lifted their price objective on shares of SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Jefferies Financial Group boosted their price objective on shares of SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Morgan Stanley boosted their price objective on shares of SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. upped their price target on shares of SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a 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.

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.