SharkNinja, Inc. (NYSE:SN) is Capricorn Fund Managers Ltd's 4th Largest Position

Key Points

• Capricorn Fund Managers Ltd increased its stake in SharkNinja, Inc. by 180.0%, owning 112,000 shares after purchasing an additional 72,000 shares, making it the company's 4th largest position.
• Several large investors, including WCM Investment Management and FMR LLC, have increased their holdings in SharkNinja, reflecting growing institutional interest in the company.
• Analysts have raised the target prices for SharkNinja, with Goldman Sachs and Canaccord Genuity recommending 'buy' ratings and setting target prices as high as $175.00.

Capricorn Fund Managers Ltd lifted its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 180.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 112,000 shares of the company's stock after acquiring an additional 72,000 shares during the period. SharkNinja accounts for 5.5% of Capricorn Fund Managers Ltd's portfolio, making the stock its 4th largest position. Capricorn Fund Managers Ltd owned 0.08% of SharkNinja worth $10,334,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Forum Financial Management LP grew its stake in shares of SharkNinja by 5.3% during the first quarter. Forum Financial Management LP now owns 2,872 shares of the company's stock worth $240,000 after acquiring an additional 144 shares during the last quarter. Voya Investment Management LLC grew its position in SharkNinja by 1.2% during the 4th quarter. Voya Investment Management LLC now owns 13,168 shares of the company's stock worth $1,282,000 after purchasing an additional 154 shares during the last quarter. GAMMA Investing LLC grew its position in SharkNinja by 77.9% during the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company's stock worth $30,000 after purchasing an additional 155 shares during the last quarter. Treasurer of the State of North Carolina increased its stake in SharkNinja by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 29,100 shares of the company's stock valued at $2,833,000 after purchasing an additional 180 shares in the last quarter. Finally, Xponance Inc. raised its holdings in shares of SharkNinja by 5.4% in the first quarter. Xponance Inc. now owns 4,273 shares of the company's stock worth $356,000 after buying an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 34.77% of the company's stock.

SharkNinja Price Performance

Shares of SharkNinja stock traded down $1.57 on Wednesday, reaching $116.98. The company's stock had a trading volume of 1,088,671 shares, compared to its average volume of 1,433,964. The company has a quick ratio of 1.17, a current ratio of 1.97 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $16.50 billion, a P/E ratio of 37.02, a PEG ratio of 2.29 and a beta of 1.66. The stock has a 50-day moving average price of $100.55 and a 200-day moving average price of $96.23. SharkNinja, Inc. has a 52-week low of $60.50 and a 52-week high of $123.00.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.14. SharkNinja had a net margin of 7.86% and a return on equity of 28.89%. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the firm posted $1.06 earnings per share. The company's revenue was up 14.7% compared to the same quarter last year. Analysts expect that SharkNinja, Inc. will post 4.52 EPS for the current year.

Analyst Upgrades and Downgrades

SN has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their target price on SharkNinja from $108.00 to $144.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. The Goldman Sachs Group raised their target price on SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Jefferies Financial Group set a $175.00 price target on SharkNinja in a report on Monday, June 30th. Guggenheim lowered their price objective on SharkNinja from $135.00 to $120.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Finally, Morgan Stanley lifted their target price on shares of SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $129.13.

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.