Teacher Retirement System of Texas Increases Holdings in SharkNinja, Inc. (NYSE:SN)

Teacher Retirement System of Texas lifted its stake in shares of SharkNinja, Inc. (NYSE:SN) by 12.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 37,000 shares of the company’s stock after purchasing an additional 4,000 shares during the quarter. Teacher Retirement System of Texas’ holdings in SharkNinja were worth $3,602,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. FMR LLC grew its holdings in SharkNinja by 47.5% during the 3rd quarter. FMR LLC now owns 10,307,632 shares of the company’s stock valued at $1,120,543,000 after buying an additional 3,321,684 shares in the last quarter. HighTower Advisors LLC grew its stake in SharkNinja by 42.9% during the fourth quarter. HighTower Advisors LLC now owns 7,179,756 shares of the company’s stock valued at $699,021,000 after acquiring an additional 2,155,136 shares in the last quarter. Baillie Gifford & Co. increased its holdings in SharkNinja by 33.1% during the 4th quarter. Baillie Gifford & Co. now owns 2,430,185 shares of the company’s stock worth $236,603,000 after acquiring an additional 604,559 shares during the period. William Blair Investment Management LLC lifted its stake in SharkNinja by 26.4% in the 4th quarter. William Blair Investment Management LLC now owns 2,827,340 shares of the company’s stock worth $275,270,000 after purchasing an additional 590,632 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in SharkNinja in the 4th quarter valued at $37,187,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

SharkNinja Trading Up 4.8 %

SN stock opened at $92.20 on Tuesday. The company has a market capitalization of $12.90 billion, a PE ratio of 29.65, a price-to-earnings-growth ratio of 2.35 and a beta of 1.24. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73. SharkNinja, Inc. has a one year low of $59.78 and a one year high of $123.00. The company’s 50 day moving average price is $103.53 and its two-hundred day moving average price is $102.62.

SharkNinja (NYSE:SN) last issued its earnings results on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.06). The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.61 billion. SharkNinja had a return on equity of 32.51% and a net margin of 7.94%. As a group, analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

SN has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price target on shares of SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Canaccord Genuity Group raised their price target on SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a report on Friday, February 14th. Jefferies Financial Group lifted their price target on SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, Morgan Stanley upped their price objective on shares of SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, SharkNinja has an average rating of “Moderate Buy” and an average price target 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.