Lecap Asset Management Ltd. Takes Position in SharkNinja, Inc. (NYSE:SN)

Lecap Asset Management Ltd. bought a new stake in SharkNinja, Inc. (NYSE:SN - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 32,394 shares of the company's stock, valued at approximately $2,702,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SN. Rhumbline Advisers grew its position in SharkNinja by 0.7% during the fourth quarter. Rhumbline Advisers now owns 67,130 shares of the company's stock valued at $6,536,000 after buying an additional 481 shares during the period. Private Advisor Group LLC bought a new position in SharkNinja during the fourth quarter valued at about $1,636,000. Handelsbanken Fonder AB bought a new position in SharkNinja during the fourth quarter valued at about $1,246,000. Y Intercept Hong Kong Ltd bought a new position in SharkNinja during the fourth quarter valued at about $947,000. Finally, Amalgamated Bank grew its position in SharkNinja by 24.1% during the fourth quarter. Amalgamated Bank now owns 4,618 shares of the company's stock valued at $450,000 after buying an additional 896 shares during the period. Hedge funds and other institutional investors own 34.77% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SN. Guggenheim cut their target price on shares of SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a research report on Friday, May 9th. The Goldman Sachs Group increased their target price on shares of SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. cut their target price on shares of SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Morgan Stanley increased their target price on shares of SharkNinja from $85.00 to $101.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Finally, Oppenheimer increased their target price on shares of SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, May 9th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, SharkNinja currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.50.

SharkNinja Trading Up 2.7%

NYSE:SN traded up $2.56 during trading hours on Friday, hitting $96.67. The company had a trading volume of 1,813,354 shares, compared to its average volume of 1,526,263. The company has a market capitalization of $13.63 billion, a PE ratio of 30.59, a price-to-earnings-growth ratio of 1.82 and a beta of 1.70. The stock has a 50-day moving average price of $89.50 and a 200 day moving average price of $94.21. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week 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.

SharkNinja (NYSE:SN - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.87 earnings per share 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 analysts' expectations of $1.17 billion. During the same quarter in the previous year, the business posted $1.06 earnings per share. The firm's revenue for the quarter was up 14.7% compared to the same quarter last year. On average, equities research analysts predict that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

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.