Public Employees Retirement System of Ohio Sells 1,313 Shares of SharkNinja, Inc. (NYSE:SN)

Public Employees Retirement System of Ohio trimmed its position in SharkNinja, Inc. (NYSE:SN) by 5.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,626 shares of the company’s stock after selling 1,313 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in SharkNinja were worth $2,677,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SN. Vanguard Group Inc. grew its position in shares of SharkNinja by 8.6% during the 1st quarter. Vanguard Group Inc. now owns 55,735 shares of the company’s stock worth $3,472,000 after purchasing an additional 4,411 shares in the last quarter. HMS Capital Management LLC bought a new position in SharkNinja during the 2nd quarter worth $463,000. Schwartz Investment Counsel Inc. raised its holdings in SharkNinja by 78.9% in the 2nd quarter. Schwartz Investment Counsel Inc. now owns 90,700 shares of the company’s stock valued at $6,816,000 after acquiring an additional 40,000 shares in the last quarter. Baillie Gifford & Co. acquired a new position in SharkNinja in the second quarter valued at about $2,108,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of SharkNinja by 1,394.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 254,764 shares of the company’s stock worth $19,146,000 after acquiring an additional 237,718 shares during the period. Institutional investors own 34.77% of the company’s stock.

SharkNinja Price Performance

Shares of SN opened at $101.66 on Tuesday. The stock has a market cap of $14.23 billion, a P/E ratio of 39.87, a P/E/G ratio of 1.65 and a beta of 1.00. The business’s fifty day moving average is $102.35 and its 200 day moving average is $91.72. SharkNinja, Inc. has a 12-month low of $45.85 and a 12-month high of $112.93. The company has a quick ratio of 0.95, a current ratio of 1.67 and a debt-to-equity ratio of 0.42.

SharkNinja (NYSE:SN) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.04 by $0.17. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.31 billion. SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. The company’s quarterly revenue was up 33.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.95 earnings per share. Sell-side analysts anticipate that SharkNinja, Inc. will post 3.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SN has been the subject of a number of research reports. Canaccord Genuity Group increased their target price on shares of SharkNinja from $126.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Morgan Stanley increased their target price on SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. The Goldman Sachs Group boosted their price target on SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Guggenheim raised their price objective on shares of SharkNinja from $100.00 to $120.00 and gave the company a “buy” rating in a report on Monday, October 7th. Finally, Jefferies Financial Group boosted their target price on shares of SharkNinja from $115.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $116.39.

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.