Thrivent Financial for Lutherans Sells 432,741 Shares of SharkNinja, Inc. (NYSE:SN)

Thrivent Financial for Lutherans lessened its position in SharkNinja, Inc. (NYSE:SN) by 26.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,226,347 shares of the company’s stock after selling 432,741 shares during the period. Thrivent Financial for Lutherans owned 0.88% of SharkNinja worth $119,398,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in SN. Safe Harbor Fiduciary LLC bought a new stake in shares of SharkNinja during the 3rd quarter valued at about $54,000. R Squared Ltd bought a new position in shares of SharkNinja during the fourth quarter valued at about $55,000. Northwest & Ethical Investments L.P. bought a new position in shares of SharkNinja in the third quarter valued at approximately $163,000. SG Americas Securities LLC purchased a new stake in shares of SharkNinja during the 4th quarter valued at $171,000. Finally, First Dallas Securities Inc. purchased a new stake in SharkNinja during the third quarter worth about $215,000. Institutional investors own 34.77% of the company’s stock.

Wall Street Analysts Forecast Growth

SN has been the subject of several recent research reports. Morgan Stanley lifted their target price on shares of SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Friday, February 14th. Canaccord Genuity Group upped their target price on shares of SharkNinja from $129.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. boosted their price objective on shares of SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, Jefferies Financial Group raised their price target on SharkNinja from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. One equities research 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, the company has an average rating of “Moderate Buy” and a consensus target price of $122.50.

SharkNinja Stock Performance

NYSE:SN opened at $90.06 on Tuesday. The firm has a market capitalization of $12.60 billion, a PE ratio of 28.96, a PEG ratio of 2.35 and a beta of 1.24. SharkNinja, Inc. has a fifty-two week low of $56.10 and a fifty-two week high of $123.00. The stock’s fifty day moving average is $104.98 and its 200 day moving average is $102.87. 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 (NYSE:SN) last announced its earnings results on Thursday, February 13th. The company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.06). The company had revenue of $1.79 billion for 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%. On average, sell-side analysts anticipate that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

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.