Braun Stacey Associates Inc. Purchases 84,554 Shares of SharkNinja, Inc. (NYSE:SN)

Braun Stacey Associates Inc. lifted its stake in shares of SharkNinja, Inc. (NYSE:SN) by 100.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 168,880 shares of the company’s stock after buying an additional 84,554 shares during the quarter. Braun Stacey Associates Inc. owned about 0.12% of SharkNinja worth $16,442,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC lifted its holdings in SharkNinja by 104.6% during the 3rd quarter. Signaturefd LLC now owns 356 shares of the company’s stock worth $39,000 after buying an additional 182 shares during the period. Hollencrest Capital Management acquired a new stake in SharkNinja in the 3rd quarter valued at $54,000. Safe Harbor Fiduciary LLC acquired a new position in SharkNinja during the 3rd quarter valued at about $54,000. R Squared Ltd purchased a new position in SharkNinja during the 4th quarter worth $55,000. Finally, Waldron Private Wealth LLC purchased a new stake in shares of SharkNinja during the third quarter valued at approximately $65,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

SharkNinja Stock Performance

NYSE:SN opened at $110.32 on Tuesday. The company has a current ratio of 1.67, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42. The company’s 50-day moving average price is $105.08 and its 200-day moving average price is $101.26. SharkNinja, Inc. has a twelve month low of $49.86 and a twelve month high of $123.00. The company has a market cap of $15.44 billion, a P/E ratio of 43.26, a P/E/G ratio of 1.74 and a beta of 1.13.

SharkNinja (NYSE:SN) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.06). SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.61 billion. On average, sell-side analysts forecast that SharkNinja, Inc. will post 3.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

SN has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their target price on SharkNinja from $120.00 to $127.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Jefferies Financial Group upped their price target on shares of SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Morgan Stanley raised their price target on shares of SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a report on Friday. The Goldman Sachs Group upped their target price on SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a report on Monday, October 21st. Finally, Canaccord Genuity Group boosted their target price on shares of SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a report on Friday. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, SharkNinja currently has a consensus 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.