SharkNinja, Inc. (NYSE:SN) is Parsifal Capital Management LP's 3rd Largest Position

Parsifal Capital Management LP trimmed its stake in SharkNinja, Inc. (NYSE:SN - Free Report) by 10.4% in the fourth quarter, according to its most recent Form 13F 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 comprises about 9.5% of Parsifal Capital Management LP's holdings, making the stock its 3rd biggest position. Parsifal Capital Management LP owned 0.84% of SharkNinja worth $113,989,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Quarry LP bought a new stake in SharkNinja in the fourth quarter worth about $47,000. R Squared Ltd purchased a new position in SharkNinja during the fourth quarter valued at approximately $55,000. Covestor Ltd grew its stake in SharkNinja by 284.4% in the 4th quarter. Covestor Ltd now owns 642 shares of the company's stock worth $63,000 after buying an additional 475 shares in the last quarter. SG Americas Securities LLC purchased a new position in SharkNinja in the 4th quarter worth approximately $171,000. Finally, Altshuler Shaham Ltd bought a new stake in shares of SharkNinja in the 4th quarter worth approximately $209,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Price Performance

Shares of SharkNinja stock traded down $1.38 on Monday, hitting $100.71. 425,968 shares of the company traded hands, compared to its average volume of 1,449,634. The stock has a market capitalization of $14.20 billion, a P/E ratio of 32.34, a price-to-earnings-growth ratio of 2.35 and a beta of 1.68. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.73. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $123.00. The business has a 50-day simple moving average of $82.95 and a 200 day simple moving average of $95.66.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly 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. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. The company 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. SharkNinja's quarterly revenue was up 14.7% on a year-over-year basis. Research analysts expect that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SN has been the subject of a number of research reports. The Goldman Sachs Group upped their price objective on shares of SharkNinja from $100.00 to $112.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Oppenheimer upped their price target on shares of SharkNinja from $105.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, May 9th. Canaccord Genuity Group upped their price target on shares of SharkNinja from $129.00 to $136.00 and gave the company a "buy" rating in a report on Friday, February 14th. Guggenheim lowered their price target on shares of SharkNinja from $135.00 to $120.00 and set a "buy" rating for the company in a report on Friday, May 9th. Finally, JPMorgan Chase & Co. lowered their price target on shares of SharkNinja from $139.00 to $98.00 and set an "overweight" rating for the company in a report on Friday, April 11th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, SharkNinja currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.50.

SharkNinja 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.