SharkNinja, Inc. $SN is Capricorn Fund Managers Ltd's Largest Position

Key Points

• Capricorn Fund Managers Ltd increased its stake in SharkNinja, Inc. by 16.1%, making it the company's largest holding, comprising 6.1% of Capricorn's total assets.
• SharkNinja recently reported earnings of $0.97 per share, exceeding estimates and marking a 15.7% year-over-year revenue increase.
• Analysts' ratings for SharkNinja are largely positive, with an average consensus rating of Buy and a price target of $130.71.

Capricorn Fund Managers Ltd boosted its position in SharkNinja, Inc. (NYSE:SN - Free Report) by 16.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 130,000 shares of the company's stock after acquiring an additional 18,000 shares during the period. SharkNinja comprises approximately 6.1% of Capricorn Fund Managers Ltd's holdings, making the stock its biggest holding. Capricorn Fund Managers Ltd owned 0.09% of SharkNinja worth $12,869,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SN. GAMMA Investing LLC grew 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 period. Harbour Investments Inc. grew its stake in SharkNinja by 5,800.0% in the 1st quarter. Harbour Investments Inc. now owns 413 shares of the company's stock worth $34,000 after acquiring an additional 406 shares during the period. SVB Wealth LLC purchased a new stake in SharkNinja in the 1st quarter worth approximately $36,000. Covestor Ltd grew its stake in SharkNinja by 96.0% in the 1st quarter. Covestor Ltd now owns 1,258 shares of the company's stock worth $105,000 after acquiring an additional 616 shares during the period. Finally, Quarry LP grew its stake in SharkNinja by 165.3% in the 1st quarter. Quarry LP now owns 1,268 shares of the company's stock worth $106,000 after acquiring an additional 790 shares during the period. 34.77% of the stock is owned by hedge funds and other institutional investors.

SharkNinja Stock Down 3.1%

Shares of SN opened at $97.99 on Friday. The firm has a market cap of $13.83 billion, a PE ratio of 26.77, a price-to-earnings-growth ratio of 1.92 and a beta of 1.56. The company's fifty day moving average is $114.39 and its two-hundred day moving average is $99.28. SharkNinja, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $128.51. The company has a quick ratio of 1.20, a current ratio of 1.94 and a debt-to-equity ratio of 0.32.

SharkNinja (NYSE:SN - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.19. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.38 billion. SharkNinja had a net margin of 8.82% and a return on equity of 28.78%. The business's quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.71 EPS. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. Analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Analysts Set New Price Targets

SN has been the subject of several recent analyst reports. Oppenheimer lifted their target price on shares of SharkNinja from $120.00 to $135.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. Wall Street Zen upgraded shares of SharkNinja from a "hold" rating to a "buy" rating in a report on Friday, September 26th. JPMorgan Chase & Co. decreased their price target on shares of SharkNinja from $142.00 to $136.00 and set an "overweight" rating on the stock in a report on Tuesday. Weiss Ratings reiterated a "buy (b-)" rating on shares of SharkNinja in a report on Saturday, September 27th. Finally, Canaccord Genuity Group lifted their price target on shares of SharkNinja from $127.00 to $136.00 and gave the company a "buy" rating in a report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, SharkNinja has an average rating of "Buy" and a consensus price target of $130.71.

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.

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