Thrivent Financial for Lutherans Decreases Holdings in SharkNinja, Inc. (NYSE:SN)

Thrivent Financial for Lutherans reduced its stake in SharkNinja, Inc. (NYSE:SN) by 2.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,659,088 shares of the company’s stock after selling 36,845 shares during the period. Thrivent Financial for Lutherans’ holdings in SharkNinja were worth $180,360,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in SN. CIBC Asset Management Inc boosted its stake in shares of SharkNinja by 3.6% in the third quarter. CIBC Asset Management Inc now owns 4,026 shares of the company’s stock valued at $438,000 after purchasing an additional 139 shares during the period. Pinnacle Financial Partners Inc bought a new stake in shares of SharkNinja in the 3rd quarter valued at approximately $279,000. Aigen Investment Management LP acquired a new stake in shares of SharkNinja during the third quarter worth $550,000. Baillie Gifford & Co. raised its stake in SharkNinja by 6,408.9% during the third quarter. Baillie Gifford & Co. now owns 1,825,626 shares of the company’s stock worth $198,464,000 after acquiring an additional 1,797,578 shares during the period. Finally, WCM Investment Management LLC bought a new stake in shares of SharkNinja in the 3rd quarter worth approximately $23,874,000. 34.77% of the stock is owned by hedge funds and other institutional investors.

SharkNinja Stock Performance

SN stock opened at $100.88 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.67 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $14.12 billion, a price-to-earnings ratio of 39.56, a P/E/G ratio of 1.67 and a beta of 1.04. SharkNinja, Inc. has a 12 month low of $43.25 and a 12 month high of $112.93. The firm has a 50 day moving average of $104.40 and a two-hundred day moving average of $87.47.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.21 EPS for the quarter, beating the consensus estimate of $1.04 by $0.17. The company had revenue of $1.43 billion for 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 revenue for the quarter was up 33.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.95 earnings per share. As a group, equities analysts anticipate that SharkNinja, Inc. will post 3.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SN has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price objective on shares of 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 raised their target price on SharkNinja from $115.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Bank of America lifted their price target on shares of SharkNinja from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Canaccord Genuity Group upped their price objective on shares of SharkNinja from $126.00 to $128.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Morgan Stanley increased their target price on SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, SharkNinja has an average rating of “Moderate Buy” and an average target price of $110.85.

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.