SharkNinja (NYSE:SN) Given New $175.00 Price Target at Jefferies Financial Group

SharkNinja (NYSE:SN) had its price objective lifted by Jefferies Financial Group from $150.00 to $175.00 in a research report report published on Thursday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

Several other equities analysts have also issued reports on SN. JPMorgan Chase & Co. lifted 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. The Goldman Sachs Group boosted 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 price target on SharkNinja from $128.00 to $129.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Finally, Morgan Stanley boosted their price target 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 research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.06.

SharkNinja Price Performance

Shares of SN stock opened at $114.30 on Thursday. The stock’s 50-day moving average is $104.44 and its 200 day moving average is $100.35. SharkNinja has a 1-year low of $49.86 and a 1-year high of $123.00. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.67 and a quick ratio of 0.95. The company has a market cap of $16.00 billion, a P/E ratio of 44.82, a PEG ratio of 1.74 and a beta of 1.13.

SharkNinja (NYSE:SN) last released its quarterly earnings results on Thursday, February 13th. The company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.06). SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. Research analysts predict that SharkNinja will post 3.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SN. Stifel Financial Corp increased its holdings in SharkNinja by 2.1% in the 3rd quarter. Stifel Financial Corp now owns 4,790 shares of the company’s stock worth $521,000 after buying an additional 100 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of SharkNinja by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 4,026 shares of the company’s stock valued at $438,000 after acquiring an additional 139 shares during the last quarter. Treasurer of the State of North Carolina increased its stake in shares of SharkNinja by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 29,100 shares of the company’s stock worth $2,833,000 after acquiring an additional 180 shares during the period. Signaturefd LLC raised its holdings 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 during the last quarter. Finally, Zacks Investment Management lifted its position in SharkNinja by 1.6% during the fourth quarter. Zacks Investment Management now owns 15,879 shares of the company’s stock valued at $1,546,000 after purchasing an additional 257 shares during the period. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

About SharkNinja

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.