New York State Common Retirement Fund Cuts Holdings in SharkNinja, Inc. (NYSE:SN)

New York State Common Retirement Fund decreased its position in shares of SharkNinja, Inc. (NYSE:SN) by 18.6% in the fourth quarter, HoldingsChannel reports. The firm owned 179,070 shares of the company’s stock after selling 40,834 shares during the quarter. New York State Common Retirement Fund’s holdings in SharkNinja were worth $17,434,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SN. Signaturefd LLC grew its position in shares of SharkNinja by 104.6% during the third quarter. Signaturefd LLC now owns 356 shares of the company’s stock valued at $39,000 after purchasing an additional 182 shares in the last quarter. Nisa Investment Advisors LLC purchased a new position in shares of SharkNinja during the third quarter valued at about $1,357,000. abrdn plc grew its position in shares of SharkNinja by 17.8% during the third quarter. abrdn plc now owns 419,660 shares of the company’s stock valued at $45,621,000 after purchasing an additional 63,299 shares in the last quarter. Stephens Inc. AR purchased a new position in shares of SharkNinja during the third quarter valued at about $272,000. Finally, Silvant Capital Management LLC bought a new position in shares of SharkNinja in the 3rd quarter valued at about $1,484,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

Analysts Set New Price Targets

SN has been the subject of a number of analyst reports. Canaccord Genuity Group increased their price target on shares of SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a report on Friday, February 14th. Jefferies Financial Group increased their price target on shares of SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Morgan Stanley increased their price target on shares of SharkNinja from $93.00 to $108.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. increased 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 investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, SharkNinja presently has an average rating of “Moderate Buy” and a consensus price target of $122.50.

SharkNinja Stock Down 6.9 %

Shares of NYSE SN opened at $103.17 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 1.14. The company has a market cap of $14.44 billion, a P/E ratio of 33.17, a PEG ratio of 2.35 and a beta of 1.13. SharkNinja, Inc. has a 1 year low of $52.05 and a 1 year high of $123.00. The firm has a 50-day simple moving average of $105.77 and a two-hundred day simple moving average of $102.05.

SharkNinja (NYSE:SN) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.06). The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.61 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. Research analysts anticipate that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

SharkNinja Company 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.