90,000 Shares in SharkNinja, Inc. (NYSE:SN) Bought by Woodson Capital Management LP

Woodson Capital Management LP acquired a new position in SharkNinja, Inc. (NYSE:SN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 90,000 shares of the company's stock, valued at approximately $8,762,000. SharkNinja comprises approximately 1.4% of Woodson Capital Management LP's holdings, making the stock its 20th largest position. Woodson Capital Management LP owned 0.06% of SharkNinja at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in SharkNinja in the fourth quarter worth approximately $47,000. R Squared Ltd acquired a new position in SharkNinja in the fourth quarter worth approximately $55,000. Covestor Ltd increased its holdings in SharkNinja by 284.4% in the fourth quarter. Covestor Ltd now owns 642 shares of the company's stock worth $63,000 after buying an additional 475 shares during the last quarter. Safe Harbor Fiduciary LLC increased its holdings in SharkNinja by 200.0% in the fourth quarter. Safe Harbor Fiduciary LLC now owns 1,500 shares of the company's stock worth $146,000 after buying an additional 1,000 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in SharkNinja in the fourth quarter worth approximately $171,000. Institutional investors and hedge funds own 34.77% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on SN. The Goldman Sachs Group increased their price objective on SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Oppenheimer increased their price objective on SharkNinja from $105.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Canaccord Genuity Group increased their price target on SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a report on Friday, February 14th. JPMorgan Chase & Co. lowered their price target on SharkNinja from $139.00 to $98.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Finally, Jefferies Financial Group increased their price target on SharkNinja from $150.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, February 13th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $121.50.

SharkNinja Stock Performance

SN stock traded down $0.98 during midday trading on Friday, hitting $94.39. 1,301,279 shares of the company traded hands, compared to its average volume of 1,456,413. SharkNinja, Inc. has a twelve month low of $60.50 and a twelve month high of $123.00. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.38. The business has a 50 day simple moving average of $83.86 and a 200-day simple moving average of $95.85. The stock has a market capitalization of $13.31 billion, a price-to-earnings ratio of 30.35, a price-to-earnings-growth ratio of 2.35 and a beta of 1.68.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.14. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.17 billion. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. SharkNinja's quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the company posted $1.06 earnings per share. As a group, equities research analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current 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.