Dimensional Fund Advisors LP Cuts Stock Holdings in SharkNinja, Inc. (NYSE:SN)

Dimensional Fund Advisors LP lowered its position in shares of SharkNinja, Inc. (NYSE:SNFree Report) by 31.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 432,273 shares of the company’s stock after selling 201,944 shares during the period. Dimensional Fund Advisors LP owned approximately 0.31% of SharkNinja worth $22,121,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in SN. Deuterium Capital Management LLC bought a new position in SharkNinja during the 4th quarter valued at about $256,000. Victory Capital Management Inc. purchased a new stake in SharkNinja in the third quarter worth approximately $402,000. Bank of New York Mellon Corp bought a new stake in SharkNinja in the 3rd quarter worth approximately $414,000. Laurion Capital Management LP purchased a new stake in SharkNinja during the 3rd quarter valued at $556,000. Finally, Pinnacle Associates Ltd. lifted its holdings in shares of SharkNinja by 60.5% during the 4th quarter. Pinnacle Associates Ltd. now owns 11,615 shares of the company’s stock valued at $594,000 after buying an additional 4,380 shares during the period. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

SharkNinja Trading Down 1.7 %

Shares of SN stock opened at 76.12 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.09 and a current ratio of 1.92. The stock has a fifty day simple moving average of 67.70 and a two-hundred day simple moving average of 57.05. The firm has a market capitalization of $10.64 billion and a PE ratio of 56.39. SharkNinja, Inc. has a 52-week low of 25.84 and a 52-week high of 78.90.

SharkNinja (NYSE:SNGet Free Report) last released its earnings results on Thursday, May 9th. The company reported 1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of 0.95 by 0.11. SharkNinja had a return on equity of 29.62% and a net margin of 4.25%. The firm had revenue of 1.07 billion during the quarter, compared to analysts’ expectations of 949.88 million. During the same quarter last year, the business posted $0.86 earnings per share. The firm’s revenue was up 24.7% on a year-over-year basis. On average, analysts predict that SharkNinja, Inc. will post 3.82 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SN has been the topic of a number of recent research reports. UBS Group increased their target price on SharkNinja from $76.00 to $83.50 and gave the company a “buy” rating in a report on Friday, May 10th. Canaccord Genuity Group raised their price objective on shares of SharkNinja from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Bank of America initiated coverage on shares of SharkNinja in a report on Thursday, May 16th. They set a “buy” rating and a $90.00 target price for the company. China Renaissance assumed coverage on shares of SharkNinja in a research note on Wednesday, May 29th. They set a “buy” rating on the stock. Finally, JPMorgan Chase & Co. assumed coverage on SharkNinja in a research note on Thursday, April 4th. They issued an “overweight” rating and a $70.00 price objective for the company. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, SharkNinja currently has a consensus rating of “Moderate Buy” and a consensus price target of 74.56.

Get Our Latest Stock Analysis on SharkNinja

SharkNinja Profile

(Free Report)

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.

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Institutional Ownership by Quarter for SharkNinja (NYSE:SN)

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