Capital CS Group LLC Buys Shares of 3,223 SharkNinja, Inc. (NYSE:SN)

Capital CS Group LLC bought a new stake in shares of SharkNinja, Inc. (NYSE:SN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,223 shares of the company’s stock, valued at approximately $314,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signaturefd LLC grew its position in shares of SharkNinja by 104.6% in the third quarter. Signaturefd LLC now owns 356 shares of the company’s stock valued at $39,000 after purchasing an additional 182 shares during the last quarter. Hollencrest Capital Management acquired a new stake in SharkNinja during the third quarter worth about $54,000. Safe Harbor Fiduciary LLC acquired a new stake in SharkNinja during the third quarter worth about $54,000. Waldron Private Wealth LLC acquired a new stake in SharkNinja during the third quarter worth about $65,000. Finally, Northwest & Ethical Investments L.P. acquired a new stake in SharkNinja during the third quarter worth about $163,000. 34.77% of the stock is owned by institutional investors and hedge funds.

SharkNinja Stock Performance

SN stock opened at $104.38 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.67 and a quick ratio of 0.95. The company has a 50 day moving average price of $99.55 and a 200 day moving average price of $94.75. SharkNinja, Inc. has a fifty-two week low of $45.85 and a fifty-two week high of $112.93. The stock has a market capitalization of $14.61 billion, a PE ratio of 40.93, a price-to-earnings-growth ratio of 1.65 and a beta of 1.10.

SharkNinja (NYSE:SN) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.17. SharkNinja had a net margin of 7.02% and a return on equity of 32.55%. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the company posted $0.95 EPS. SharkNinja’s revenue was up 33.3% on a year-over-year basis. Analysts forecast that SharkNinja, Inc. will post 3.88 EPS for the current year.

Wall Street Analyst Weigh In

SN has been the topic of a number of recent research reports. Oppenheimer initiated coverage on SharkNinja in a research report on Tuesday, October 1st. They set an “outperform” rating and a $120.00 target price on the stock. JPMorgan Chase & Co. cut their price target on shares of SharkNinja from $128.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. The Goldman Sachs Group raised their price target on shares of SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Canaccord Genuity Group lifted their target price on shares of SharkNinja from $128.00 to $129.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Finally, Morgan Stanley lifted their target price on shares of SharkNinja from $80.00 to $93.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.