Parsifal Capital Management LP Sells 136,493 Shares of SharkNinja, Inc. (NYSE:SN)

Parsifal Capital Management LP decreased its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 10.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,170,800 shares of the company's stock after selling 136,493 shares during the quarter. SharkNinja accounts for about 9.5% of Parsifal Capital Management LP's holdings, making the stock its 3rd largest holding. Parsifal Capital Management LP owned 0.84% of SharkNinja worth $113,989,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SN. Barclays PLC raised its position in shares of SharkNinja by 117.4% during the 3rd quarter. Barclays PLC now owns 8,394 shares of the company's stock worth $913,000 after purchasing an additional 4,533 shares during the last quarter. Capital CS Group LLC acquired a new position in shares of SharkNinja during the fourth quarter valued at approximately $314,000. Oak Thistle LLC purchased a new position in shares of SharkNinja in the fourth quarter valued at approximately $353,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of SharkNinja by 81.4% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 16,108 shares of the company's stock worth $1,568,000 after acquiring an additional 7,227 shares during the last quarter. Finally, Contravisory Investment Management Inc. purchased a new position in SharkNinja in the 4th quarter valued at $8,170,000. Hedge funds and other institutional investors own 34.77% of the company's stock.

SharkNinja Stock Performance

NYSE SN opened at $102.35 on Wednesday. The stock has a fifty day simple moving average of $82.21 and a 200-day simple moving average of $95.84. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. The stock has a market cap of $14.36 billion, a PE ratio of 32.91, a P/E/G ratio of 2.35 and a beta of 1.68. SharkNinja, Inc. has a twelve month low of $60.50 and a twelve month high of $123.00.

SharkNinja (NYSE:SN - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.14. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.17 billion. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. SharkNinja's revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.06 earnings per share. Equities analysts anticipate that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group upped their target price on shares of SharkNinja from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Oppenheimer upped their price objective on shares of SharkNinja from $105.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, May 9th. Guggenheim decreased their target price on shares of SharkNinja from $135.00 to $120.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. The Goldman Sachs Group increased their price target on SharkNinja from $100.00 to $112.00 and gave the company a "buy" rating in a report on Friday, May 9th. Finally, JPMorgan Chase & Co. reduced their price objective on SharkNinja from $139.00 to $98.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, SharkNinja currently has a consensus rating of "Moderate Buy" and a consensus target price of $121.50.

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.

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