Peregrine Investment Management Inc. Invests $6.38 Million in SharkNinja, Inc. (NYSE:SN)

Peregrine Investment Management Inc. bought a new stake in SharkNinja, Inc. (NYSE:SN) in the 4th quarter, Holdings Channel.com reports. The fund bought 65,480 shares of the company’s stock, valued at approximately $6,375,000. SharkNinja accounts for about 3.7% of Peregrine Investment Management Inc.’s holdings, making the stock its 15th biggest position.

Several other large investors have also recently added to or reduced their stakes in SN. FMR LLC boosted its holdings in shares of SharkNinja by 47.5% in the 3rd quarter. FMR LLC now owns 10,307,632 shares of the company’s stock valued at $1,120,543,000 after purchasing an additional 3,321,684 shares during the last quarter. Baillie Gifford & Co. boosted its holdings in SharkNinja by 6,408.9% in the third quarter. Baillie Gifford & Co. now owns 1,825,626 shares of the company’s stock valued at $198,464,000 after acquiring an additional 1,797,578 shares during the last quarter. Westfield Capital Management Co. LP acquired a new stake in SharkNinja during the third quarter worth about $114,878,000. WCM Investment Management LLC purchased a new position in shares of SharkNinja in the 3rd quarter worth about $23,874,000. Finally, Hodges Capital Management Inc. lifted its stake in shares of SharkNinja by 92.6% in the 4th quarter. Hodges Capital Management Inc. now owns 368,447 shares of the company’s stock valued at $35,872,000 after purchasing an additional 177,169 shares in the last quarter. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on SN shares. Morgan Stanley increased their target price on shares of SharkNinja from $93.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Friday. The Goldman Sachs Group raised their target price on shares of SharkNinja from $102.00 to $123.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Jefferies Financial Group lifted their target price on shares of SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a report on Thursday. Canaccord Genuity Group raised their price objective on SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a research report on Friday. Finally, JPMorgan Chase & Co. upped their target price on SharkNinja from $120.00 to $127.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $122.50.

SharkNinja Trading Down 3.6 %

NYSE:SN opened at $110.32 on Friday. The stock has a market cap of $15.44 billion, a price-to-earnings ratio of 43.26, a price-to-earnings-growth ratio of 1.74 and a beta of 1.13. SharkNinja, Inc. has a one year low of $49.86 and a one year high of $123.00. 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 business’s 50-day simple moving average is $104.88 and its 200 day simple moving average is $100.85.

SharkNinja (NYSE:SN) last released its earnings results on Thursday, February 13th. The company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.06). The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.61 billion. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. As a group, sell-side analysts predict that SharkNinja, Inc. will post 3.91 earnings per share for the current fiscal year.

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.