tl;dr
SharkNinja (NYSE:SN) is positioned for growth as a disruptive innovator in household items, set to expand into sporting goods and gain shelf space at key retailers. BofA Securities initiates coverage with a Buy rating and $90 price target, anticipating a 25% upside from Wednesday’s closing price. Sh...
SharkNinja (NYSE:SN) is positioned for growth as a disruptive innovator in household items, set to expand into sporting goods and gain shelf space at key retailers. BofA Securities initiates coverage with a Buy rating and $90 price target, anticipating a 25% upside from Wednesday’s closing price. Shares are up 3%. "In less than three decades, the company has become a leading household brand, and we think it is poised for further growth," BofA Securities stated. The company's ability to analyze consumer feedback and data for innovation is expected to drive market share gains in new categories and expansion in retailers such as Amazon (AMZN), Walmart (WMT), and Costco (COST). SharkNinja continues to gain share in 6 out of its 7 top categories, with significant success in the floor care, hair stylers, and ice cream makers segments, according to Nielsen point-of-sale data. Furthermore, SharkNinja's foray into the outdoor/sporting goods category has seen a promising start, with its Ninja FrostVault selling out at Dick’s Sport Goods (DKS). The company is anticipated to replicate its success in the beauty category in this new segment. Year-to-date, SharkNinja shares have surged 41%, outpacing the 11.3% gain in the S&P 500. Seeking Alpha authors rate the stock as a Buy, while Wall Street analysts give SharkNinja a Strong Buy rating.
More about SharkNinja Inc.
SharkNinja Inc. is a manufacturing company specializing in household appliances.
Sanchez Energy Corporation is an independent exploration and production company focused on acquiring and developing U.S. onshore unconventional oil and natural gas resources. It is headquartered in Houston, Texas.
Industry: Manufacturing, Household Appliances
Market Cap: 10.085 billion
Stock Price: $60.11
Dividend Yield: 0%
P/E Ratio: 30.6
EPS: $0.0393
Revenue: 4.253 billion
Stock Price: $83.86
Dividend Yield: 0.058
P/E Ratio: 0.165
More about Amazon.com Inc
Amazon.com, Inc. is an American multinational technology company which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Microsoft, and Facebook. The company has been referred to as one of the most influential economic and cultural forces in the world, as well as the world's most valuable brand.
Industry: TRADE & SERVICES
Sector: RETAIL-CATALOG & MAIL-ORDER HOUSES
Market Cap: 1,935,523,578,000
P/E Ratio: 52.1
Dividend Yield: None
Beta: 3.57
EPS: 57.13
Volatility: 0.0638
Revenue: 590,739,997,000
Net Income: 226.66
Debt/Equity: 2.167
Quick Ratio: 0.125
More about Walmart Inc
Walmart Inc Analysis
Walmart Inc. operates a chain of hypermarkets, discount department stores, and grocery stores. It is headquartered in Bentonville, Arkansas and also owns and operates Sam's Club retail warehouses.
Sector: Trade & Services
Industry: Retail-Variety Stores
Market Cap: 482.22B
Current Price: $31.32
Price Change: $0.76 ( 1.91%)
52-Week Range: $80.24
Price-Earnings Ratio: 0.0239
Volume: 648.13M
EPS: $66.03
EPS Growth: -0.124
Dividend Yield: 0.057
More about Costco Wholesale Corp
Company: Costco Wholesale Corporation
Industry: Trade & Services - Retail-Variety Stores
Market Cap: 349.06 billion
Current Price: $51.54
Price Change: 4.08
Dividend Yield: 15.27%
52-Week Range: $560.61
Price/Earnings Ratio: 0.0273
Volume: 248.83 million
Revenue: 200.20 billion
Net Income: $784.13 million
Earnings Per Share: $0.188
Dividend Per Share: $0.057
More about Dick’s Sporting Goods Inc
Dick’s Sporting Goods Inc
DICK'S Sporting Goods, Inc., is a sporting goods retailer primarily in the eastern United States. The company is headquartered in Coraopolis, Pennsylvania.
Industry: TRADE & SERVICES
Sector: RETAIL-MISCELLANEOUS SHOPPING GOODS STORES
Market Cap: 16.45 Billion
P/E Ratio: 12.19
EPS: 157.76
Dividend Yield: 0.0806
Revenue: 12.98 Billion
Net Income: 2.24 Billion
Debt to Equity: 0.37
Current Ratio: 0.078
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