Capricorn Fund Managers Ltd Takes Position in SharkNinja, Inc. (NYSE:SN)

Capricorn Fund Managers Ltd acquired a new stake in shares of SharkNinja, Inc. (NYSE:SN) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 40,000 shares of the company’s stock, valued at approximately $3,829,000. SharkNinja comprises approximately 1.7% of Capricorn Fund Managers Ltd’s portfolio, making the stock its 29th largest position.

Other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC raised its stake in shares of SharkNinja by 104.6% in the third quarter. Signaturefd LLC now owns 356 shares of the company’s stock worth $39,000 after purchasing an additional 182 shares during the last quarter. Hollencrest Capital Management bought a new stake in shares of SharkNinja in the third quarter worth approximately $54,000. Safe Harbor Fiduciary LLC bought a new position in SharkNinja during the third quarter valued at approximately $54,000. Waldron Private Wealth LLC purchased a new stake in SharkNinja in the third quarter worth approximately $65,000. Finally, Northwest & Ethical Investments L.P. bought a new stake in SharkNinja in the 3rd quarter worth approximately $163,000. Institutional investors own 34.77% of the company’s stock.

SharkNinja Stock Performance

Shares of SharkNinja stock opened at $109.61 on Tuesday. SharkNinja, Inc. has a one year low of $45.85 and a one year high of $112.93. The company has a market capitalization of $15.34 billion, a PE ratio of 42.99, a P/E/G ratio of 1.56 and a beta of 1.10. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.95 and a current ratio of 1.67. The company has a 50-day simple moving average of $100.56 and a two-hundred day simple moving average of $95.89.

SharkNinja (NYSE:SN) last posted its earnings results on Thursday, October 31st. The company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.17. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.31 billion. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. SharkNinja’s revenue for the quarter was up 33.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.95 earnings per share. Research analysts expect that SharkNinja, Inc. will post 3.89 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on SN. Guggenheim upped their price target on shares of SharkNinja from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Morgan Stanley increased their price target on SharkNinja from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on shares of SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Canaccord Genuity Group raised their price target on SharkNinja from $128.00 to $129.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Finally, Jefferies Financial Group increased their price target on shares of SharkNinja from $115.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, SharkNinja has an average rating of “Moderate Buy” and an average price target of $117.28.

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.