Landscape Capital Management L.L.C. Raises Stock Holdings in SharkNinja, Inc. $SN

Key Points

• Landscape Capital Management L.L.C. increased its holdings in SharkNinja, Inc. by 14.7% in Q1, now owning 56,829 shares valued at approximately $4.74 million.
• SharkNinja reported $0.97 earnings per share for the last quarter, exceeding estimates of $0.78, with revenues of $1.44 billion, marking a 15.7% year-over-year increase.
• Analysts have given SharkNinja an average rating of "Buy" with a consensus target price of $131.86. Notably, JPMorgan raised its target price from $108 to $144.

Landscape Capital Management L.L.C. lifted its stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 14.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,829 shares of the company's stock after buying an additional 7,272 shares during the period. Landscape Capital Management L.L.C.'s holdings in SharkNinja were worth $4,740,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SN. Forum Financial Management LP boosted its position in SharkNinja by 5.3% in the first quarter. Forum Financial Management LP now owns 2,872 shares of the company's stock worth $240,000 after purchasing an additional 144 shares during the last quarter. Voya Investment Management LLC increased its stake in SharkNinja by 1.2% in the 4th quarter. Voya Investment Management LLC now owns 13,168 shares of the company's stock worth $1,282,000 after acquiring an additional 154 shares during the last quarter. GAMMA Investing LLC increased its stake in SharkNinja by 77.9% in the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company's stock worth $30,000 after acquiring an additional 155 shares during the last quarter. Xponance Inc. increased its position in shares of SharkNinja by 5.4% during the 1st quarter. Xponance Inc. now owns 4,273 shares of the company's stock valued at $356,000 after purchasing an additional 220 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV increased its position in shares of SharkNinja by 0.8% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 37,852 shares of the company's stock valued at $3,685,000 after purchasing an additional 296 shares during the last quarter. Hedge funds and other institutional investors own 34.77% of the company's stock.

SharkNinja Trading Up 0.7%

Shares of SN traded up $0.83 during mid-day trading on Monday, reaching $117.08. 1,250,397 shares of the company's stock traded hands, compared to its average volume of 1,648,581. SharkNinja, Inc. has a 12 month low of $60.50 and a 12 month high of $128.51. The stock has a market cap of $16.53 billion, a P/E ratio of 31.99, a P/E/G ratio of 2.22 and a beta of 1.68. The stock's 50-day moving average is $112.39 and its two-hundred day moving average is $97.04. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.94 and a quick ratio of 1.20.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.19. The company had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.38 billion. SharkNinja had a return on equity of 28.78% and a net margin of 8.82%.SharkNinja's revenue was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.71 earnings per share. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. Research analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on SN. Guggenheim restated a "buy" rating on shares of SharkNinja in a research report on Friday, August 8th. Canaccord Genuity Group raised their price objective on SharkNinja from $127.00 to $136.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Oppenheimer upped their price target on SharkNinja from $120.00 to $135.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Morgan Stanley lifted their price objective on SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Finally, Wall Street Zen downgraded SharkNinja from a "buy" rating to a "hold" rating in a research report on Sunday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, SharkNinja presently has an average rating of "Buy" and an average price target of $131.86.

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.