JPMorgan Chase & Co. Boosts SharkNinja (NYSE:SN) Price Target to $127.00

SharkNinja (NYSE:SN) had its price objective boosted by JPMorgan Chase & Co. from $120.00 to $127.00 in a research note issued to investors on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

SN has been the subject of a number of other reports. Morgan Stanley increased their target price on SharkNinja from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. The Goldman Sachs Group increased their target price on SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Canaccord Genuity Group increased their target price on SharkNinja from $128.00 to $129.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Guggenheim increased their target price on SharkNinja from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. Finally, Oppenheimer started coverage on shares of SharkNinja in a research note on Tuesday, October 1st. They set an “outperform” rating and a $120.00 price target for the company. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $117.28.

SharkNinja Price Performance

NYSE SN opened at $108.87 on Thursday. The company has a 50 day moving average price of $100.09 and a two-hundred day moving average price of $95.05. 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 has a 12-month low of $45.85 and a 12-month high of $112.93. The stock has a market capitalization of $15.24 billion, a PE ratio of 42.70, a price-to-earnings-growth ratio of 1.54 and a beta of 1.10.

SharkNinja (NYSE:SN) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.17. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the company earned $0.95 EPS. The firm’s quarterly revenue was up 33.3% on a year-over-year basis. As a group, equities analysts predict that SharkNinja will post 3.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Artemis Investment Management LLP increased its stake in shares of SharkNinja by 74.2% in the fourth quarter. Artemis Investment Management LLP now owns 390,757 shares of the company’s stock valued at $38,044,000 after buying an additional 166,392 shares during the period. Contravisory Investment Management Inc. acquired a new position in shares of SharkNinja in the fourth quarter valued at approximately $8,170,000. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of SharkNinja by 81.4% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 16,108 shares of the company’s stock valued at $1,568,000 after buying an additional 7,227 shares during the period. Oak Thistle LLC bought a new stake in SharkNinja in the fourth quarter valued at approximately $353,000. Finally, Capital CS Group LLC bought a new stake in SharkNinja in the fourth quarter valued at approximately $314,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

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.