Public Employees Retirement System of Ohio Has $2.68 Million Stock Holdings in SharkNinja, Inc. (NYSE:SN)

Public Employees Retirement System of Ohio trimmed its stake in shares of SharkNinja, Inc. (NYSE:SN) by 5.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Stifel Financial Corp boosted its stake in shares of SharkNinja by 2.1% in the 3rd quarter. Stifel Financial Corp now owns 4,790 shares of the company’s stock valued at $521,000 after purchasing an additional 100 shares in the last quarter. CIBC Asset Management Inc grew its holdings in SharkNinja by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 4,026 shares of the company’s stock worth $438,000 after acquiring an additional 139 shares during the last quarter. Signaturefd LLC lifted its position in shares of SharkNinja by 104.6% during the third quarter. Signaturefd LLC now owns 356 shares of the company’s stock worth $39,000 after purchasing an additional 182 shares in the last quarter. Hollencrest Capital Management bought a new stake in shares of SharkNinja during the third quarter valued at approximately $54,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of SharkNinja in the third quarter valued at approximately $54,000. 34.77% of the stock is currently owned by institutional investors.

SharkNinja Stock Up 2.0 %

Shares of SN stock opened at $101.66 on Tuesday. The firm’s fifty day moving average price is $102.35 and its two-hundred day moving average price is $91.72. SharkNinja, Inc. has a 1 year low of $45.85 and a 1 year high of $112.93. The company has a current ratio of 1.67, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $14.23 billion, a P/E ratio of 39.87, a PEG ratio of 1.65 and a beta of 1.00.

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

Wall Street Analyst Weigh In

A number of research analysts have commented on SN shares. JPMorgan Chase & Co. decreased their price objective on SharkNinja from $128.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Jefferies Financial Group upped their price target on SharkNinja from $115.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Oppenheimer started coverage on shares of SharkNinja in a report on Tuesday, October 1st. They set an “outperform” rating and a $120.00 price objective for the company. The Goldman Sachs Group boosted their price target on shares of SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a report on Monday, October 21st. Finally, Morgan Stanley raised their price objective on SharkNinja from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, SharkNinja currently has an average rating of “Moderate Buy” and a consensus target price of $116.39.

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.