SharkNinja (NYSE:SN) Price Target Raised to $250.00

SharkNinja (NYSE:SN) had its target price increased by Guggenheim from $210.00 to $250.00 in a report released on Monday morning,Benzinga reports. Guggenheim currently has a buy rating on the stock.

A number of other brokerages have also recently issued reports on SN. TD Cowen lifted their price objective on shares of SharkNinja from $205.00 to $230.00 and gave the company a “buy” rating in a report on Tuesday, October 27th. JPMorgan Chase & Co. upped their target price on shares of SharkNinja from $223.00 to $243.00 and gave the stock an “overweight” rating in a report on Thursday, November 5th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $204.00 price target on shares of SharkNinja in a research report on Thursday, August 6th. UBS Group reiterated a “buy” rating and set a $219.10 price target on shares of SharkNinja in a research note on Wednesday, August 12th. Finally, William Blair reissued an “outperform” rating on shares of SharkNinja in a report on Wednesday, November 4th. Fourteen equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $211.39.

SharkNinja Trading Up 0.3%

NYSE SN opened at $227.07 on Monday. The company has a market cap of $32.00 billion, a price-to-earnings ratio of 38.99, a P/E/G ratio of 2.48 and a beta of 1.21. SharkNinja has a 52 week low of $83.21 and a 52 week high of $232.76. The business has a 50 day moving average price of $188.53 and a 200-day moving average price of $146.58. The company has a quick ratio of 1.39, a current ratio of 2.04 and a debt-to-equity ratio of 0.21.

SharkNinja (NYSE:SN) last issued its earnings results on Wednesday, November 4th. The company reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.44. SharkNinja had a return on equity of 28.84% and a net margin of 11.64%. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the firm earned $1.50 earnings per share. SharkNinja’s revenue for the quarter was up 21.2% on a year-over-year basis. As a group, equities analysts expect that SharkNinja will post 5.93 earnings per share for the current fiscal year.

Insider Transactions at SharkNinja

In other SharkNinja news, insider Neil Shah sold 50,000 shares of the company’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $186.36, for a total value of $9,318,000.00. Following the completion of the transaction, the insider owned 497,220 shares in the company, valued at $92,661,919.20. This represents a 9.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 40.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On SharkNinja

Hedge funds have recently made changes to their positions in the business. WINTON GROUP Ltd bought a new stake in shares of SharkNinja in the 2nd quarter worth approximately $2,463,000. Saudi Central Bank bought a new position in SharkNinja during the second quarter valued at $908,000. Raiffeisen Bank International AG grew its holdings in SharkNinja by 170.8% during the second quarter. Raiffeisen Bank International AG now owns 216,632 shares of the company’s stock valued at $31,711,000 after purchasing an additional 136,632 shares during the period. Tidal Investments LLC increased its position in SharkNinja by 25.1% in the second quarter. Tidal Investments LLC now owns 73,873 shares of the company’s stock worth $11,249,000 after buying an additional 14,803 shares during the last quarter. Finally, Arizona State Retirement System purchased a new stake in SharkNinja in the second quarter worth $3,717,000. 34.77% of the stock is currently owned by institutional investors.

About SharkNinja

SharkNinja is a global product design and technology company that develops and markets household appliances under its Shark and Ninja brands. Its products are designed for everyday home use and are sold through retail and online channels. The Shark brand is known for floor-care and cleaning products, including vacuums and floor cleaners, as well as home-environment and beauty products. Ninja focuses on kitchen appliances and food-preparation products, such as air fryers, blenders, multicookers, and coffee makers.