Capricorn Fund Managers Ltd Buys 72,000 Shares of SharkNinja, Inc. (NYSE:SN)

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 increased its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 180.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,000 shares of the company's stock after purchasing an additional 72,000 shares during the quarter. SharkNinja makes up approximately 5.5% of Capricorn Fund Managers Ltd's holdings, making the stock its 4th largest holding. Capricorn Fund Managers Ltd owned about 0.08% of SharkNinja worth $10,334,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SN. Banque Cantonale Vaudoise purchased a new stake in shares of SharkNinja in the 1st quarter worth about $432,000. GSA Capital Partners LLP purchased a new stake in SharkNinja in the first quarter worth about $1,631,000. Federated Hermes Inc. increased its stake in shares of SharkNinja by 14.7% during the first quarter. Federated Hermes Inc. now owns 1,305,771 shares of the company's stock valued at $108,914,000 after purchasing an additional 167,757 shares in the last quarter. Mawer Investment Management Ltd. lifted its holdings in shares of SharkNinja by 11.0% during the first quarter. Mawer Investment Management Ltd. now owns 327,198 shares of the company's stock valued at $27,292,000 after purchasing an additional 32,400 shares during the last quarter. Finally, First National Advisers LLC purchased a new position in shares of SharkNinja during the first quarter valued at approximately $1,673,000. Hedge funds and other institutional investors own 34.77% of the company's stock.

SharkNinja Stock Down 3.3%

Shares of SN stock traded down $3.84 during mid-day trading on Friday, hitting $112.26. The stock had a trading volume of 1,601,205 shares, compared to its average volume of 1,268,986. SharkNinja, Inc. has a 12-month low of $60.50 and a 12-month high of $123.00. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.97 and a quick ratio of 1.17. The firm's 50-day moving average is $101.33 and its two-hundred day moving average is $96.35. The firm has a market capitalization of $15.83 billion, a P/E ratio of 35.53, a price-to-earnings-growth ratio of 2.24 and a beta of 1.68.

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SN shares. Guggenheim decreased their price objective on shares of SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a report on Friday, May 9th. JPMorgan Chase & Co. lifted their price objective on SharkNinja from $108.00 to $144.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. The Goldman Sachs Group raised their price target on shares of SharkNinja from $100.00 to $112.00 and gave the company a "buy" rating in a report on Friday, May 9th. Oppenheimer raised their target price on shares of SharkNinja from $120.00 to $135.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Finally, Canaccord Genuity Group raised their price target on SharkNinja from $127.00 to $136.00 and gave the stock a "buy" rating in a research note on Thursday, July 17th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $129.13.

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.