Capital CS Group LLC Makes New Investment in SharkNinja, Inc. (NYSE:SN)

Capital CS Group LLC acquired a new position in shares of SharkNinja, Inc. (NYSE:SN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,223 shares of the company’s stock, valued at approximately $314,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Stifel Financial Corp increased its position in shares of SharkNinja by 2.1% during the third quarter. Stifel Financial Corp now owns 4,790 shares of the company’s stock worth $521,000 after acquiring an additional 100 shares during the last quarter. CIBC Asset Management Inc increased its holdings in SharkNinja by 3.6% in the third quarter. CIBC Asset Management Inc now owns 4,026 shares of the company’s stock valued at $438,000 after buying an additional 139 shares during the last quarter. Signaturefd LLC increased its holdings in SharkNinja by 104.6% in the third quarter. Signaturefd LLC now owns 356 shares of the company’s stock valued at $39,000 after buying an additional 182 shares during the last quarter. Hollencrest Capital Management bought a new stake in SharkNinja in the third quarter valued at about $54,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in SharkNinja in the third quarter valued at about $54,000. 34.77% of the stock is owned by hedge funds and other institutional investors.

SharkNinja Stock Performance

SN opened at $104.38 on Tuesday. The firm has a market cap of $14.61 billion, a PE ratio of 40.93, a P/E/G ratio of 1.65 and a beta of 1.10. The company has a quick ratio of 0.95, a current ratio of 1.67 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $99.55 and a 200-day simple moving average of $94.75. SharkNinja, Inc. has a fifty-two week low of $45.85 and a fifty-two week high of $112.93.

SharkNinja (NYSE:SN) last released its earnings results on Thursday, October 31st. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.17. SharkNinja had a return on equity of 32.55% and a net margin of 7.02%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the company earned $0.95 earnings per share. The company’s revenue for the quarter was up 33.3% on a year-over-year basis. As a group, equities analysts predict that SharkNinja, Inc. will post 3.88 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on SN shares. JPMorgan Chase & Co. lowered their target price on SharkNinja from $128.00 to $120.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Oppenheimer started coverage on SharkNinja in a report on Tuesday, October 1st. They set an “outperform” rating and a $120.00 target price for the company. The Goldman Sachs Group upped their target price on SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a report on Monday, October 21st. Jefferies Financial Group upped their target price on SharkNinja from $115.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Guggenheim boosted their price objective on SharkNinja from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, SharkNinja has an average rating of “Moderate Buy” and an average price target of $116.50.

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.