Wellington Management Group LLP Has $53.53 Million Stake in SharkNinja, Inc. (NYSE:SN)

Wellington Management Group LLP grew its position in SharkNinja, Inc. (NYSE:SN) by 47.1% during the 4th quarter, Holdings Channel reports. The firm owned 549,768 shares of the company’s stock after purchasing an additional 175,978 shares during the quarter. Wellington Management Group LLP’s holdings in SharkNinja were worth $53,525,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. R Squared Ltd acquired a new position in SharkNinja in the fourth quarter valued at about $55,000. SG Americas Securities LLC bought a new position in shares of SharkNinja in the fourth quarter valued at approximately $171,000. First Dallas Securities Inc. acquired a new position in shares of SharkNinja in the 3rd quarter worth approximately $215,000. World Investment Advisors LLC bought a new stake in SharkNinja during the 3rd quarter worth approximately $244,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in SharkNinja during the 3rd quarter valued at $271,000. Institutional investors own 34.77% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on SN. Jefferies Financial Group boosted their price objective on SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Canaccord Genuity Group boosted their target price on shares of SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. 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 research note on Thursday, January 16th. Finally, Morgan Stanley increased their price objective on SharkNinja from $93.00 to $108.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.50.

SharkNinja Stock Performance

SN stock opened at $70.09 on Friday. The business’s fifty day moving average is $98.77 and its 200-day moving average is $101.54. The company has a market cap of $9.81 billion, a P/E ratio of 22.54, a price-to-earnings-growth ratio of 2.35 and a beta of 1.24. 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, Inc. has a twelve month low of $60.50 and a twelve month high of $123.00.

SharkNinja (NYSE:SN) last issued its earnings results on Thursday, February 13th. The company reported $1.20 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 net margin of 7.94% and a return on equity of 32.51%. Equities research analysts forecast that SharkNinja, Inc. will post 4.52 EPS for the current year.

About SharkNinja

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.