Southeastern Asset Management Inc. TN Sells 143,016 Shares of SharkNinja, Inc. (NYSE:SN)

Southeastern Asset Management Inc. TN lessened its stake in shares of SharkNinja, Inc. (NYSE:SN) by 24.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 438,392 shares of the company’s stock after selling 143,016 shares during the period. SharkNinja accounts for about 2.0% of Southeastern Asset Management Inc. TN’s investment portfolio, making the stock its 19th biggest holding. Southeastern Asset Management Inc. TN’s holdings in SharkNinja were worth $42,682,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of SN. Quarry LP bought a new stake in SharkNinja during the fourth quarter valued at about $47,000. R Squared Ltd bought a new stake in SharkNinja during the fourth quarter valued at about $55,000. Covestor Ltd grew its holdings in SharkNinja by 284.4% during the fourth quarter. Covestor Ltd now owns 642 shares of the company’s stock valued at $63,000 after purchasing an additional 475 shares during the period. SG Americas Securities LLC bought a new stake in SharkNinja during the fourth quarter valued at about $171,000. Finally, Altshuler Shaham Ltd bought a new stake in SharkNinja during the fourth quarter valued at about $209,000. Institutional investors own 34.77% of the company’s stock.

SharkNinja Price Performance

Shares of SharkNinja stock opened at $100.63 on Friday. The stock’s 50-day simple moving average is $82.69 and its 200-day simple moving average is $95.80. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $123.00. The company has a market capitalization of $14.12 billion, a price-to-earnings ratio of 32.36, a PEG ratio of 2.35 and a beta of 1.68. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38.

SharkNinja (NYSE:SN) last posted its earnings results on Thursday, May 8th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.14. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.17 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.06 earnings per share. As a group, analysts expect that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SN has been the subject of several recent research reports. Guggenheim cut their price target on SharkNinja from $135.00 to $120.00 and set a “buy” rating for the company in a report on Friday, May 9th. Canaccord Genuity Group boosted their price target on SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a report on Friday, February 14th. Oppenheimer boosted their price objective on SharkNinja from $105.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, May 9th. Jefferies Financial Group boosted their price objective on SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group boosted their price objective on SharkNinja from $100.00 to $112.00 and gave the company a “buy” rating in a research report on Friday, May 9th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, SharkNinja currently has an average rating of “Moderate Buy” and a consensus price target of $121.50.

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.