SharkNinja, Inc. (NYSE:SN) Shares Sold by Wolf Hill Capital Management LP

Wolf Hill Capital Management LP decreased its stake in shares of SharkNinja, Inc. (NYSE:SN) by 3.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,352,288 shares of the company’s stock after selling 53,055 shares during the quarter. SharkNinja comprises 10.1% of Wolf Hill Capital Management LP’s holdings, making the stock its 4th largest position. Wolf Hill Capital Management LP owned 0.97% of SharkNinja worth $101,624,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. William Blair Investment Management LLC acquired a new position in shares of SharkNinja during the 2nd quarter valued at about $190,482,000. Parsifal Capital Management LP increased its holdings in shares of SharkNinja by 57.9% during the 4th quarter. Parsifal Capital Management LP now owns 3,171,861 shares of the company’s stock worth $162,304,000 after buying an additional 1,163,185 shares during the last quarter. Jericho Capital Asset Management L.P. purchased a new stake in shares of SharkNinja during the 1st quarter valued at approximately $62,309,000. Wellington Management Group LLP acquired a new position in SharkNinja in the fourth quarter valued at approximately $47,811,000. Finally, Hood River Capital Management LLC acquired a new position in SharkNinja in the first quarter valued at approximately $38,290,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

Analyst Ratings Changes

SN has been the topic of a number of research analyst reports. The Goldman Sachs Group lifted their target price on SharkNinja from $83.00 to $102.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Canaccord Genuity Group upped their target price on shares of SharkNinja from $82.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Bank of America increased their target price on shares of SharkNinja from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. JPMorgan Chase & Co. upped their price objective on shares of SharkNinja from $80.00 to $97.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Finally, China Renaissance began coverage on shares of SharkNinja in a report on Wednesday, May 29th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.81.

SharkNinja Trading Down 1.0 %

NYSE:SN opened at $105.77 on Friday. SharkNinja, Inc. has a 12-month low of $38.69 and a 12-month high of $108.68. The firm has a market cap of $14.80 billion, a PE ratio of 78.35, a price-to-earnings-growth ratio of 1.52 and a beta of 0.76. The company has a current ratio of 1.71, a quick ratio of 1.04 and a debt-to-equity ratio of 0.46. The stock has a fifty day moving average price of $87.18 and a 200 day moving average price of $75.06.

SharkNinja (NYSE:SN) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.14. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.08 billion. SharkNinja had a return on equity of 32.29% and a net margin of 5.16%. The business’s quarterly revenue was up 31.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 EPS. Sell-side analysts anticipate that SharkNinja, Inc. will post 3.89 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.