KG&L Capital Management LLC Increases Holdings in SharkNinja, Inc. (NYSE:SN)

KG&L Capital Management LLC raised its stake in shares of SharkNinja, Inc. (NYSE:SN) by 20.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,362 shares of the company’s stock after buying an additional 915 shares during the quarter. KG&L Capital Management LLC’s holdings in SharkNinja were worth $447,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SN. GAMMA Investing LLC boosted its holdings in SharkNinja by 77.9% in the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company’s stock valued at $30,000 after purchasing an additional 155 shares during the period. Quarry LP bought a new position in SharkNinja in the 4th quarter worth about $47,000. Continuum Advisory LLC boosted its position in shares of SharkNinja by 6,875.0% during the 4th quarter. Continuum Advisory LLC now owns 558 shares of the company’s stock valued at $54,000 after acquiring an additional 550 shares during the last quarter. Covestor Ltd boosted its position in shares of SharkNinja by 284.4% during the 4th quarter. Covestor Ltd now owns 642 shares of the company’s stock valued at $63,000 after acquiring an additional 475 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC increased its position in shares of SharkNinja by 200.0% in the fourth quarter. Safe Harbor Fiduciary LLC now owns 1,500 shares of the company’s stock worth $146,000 after purchasing an additional 1,000 shares during the last quarter. 34.77% of the stock is currently owned by institutional investors.

SharkNinja Stock Down 1.0%

NYSE SN opened at $93.52 on Thursday. SharkNinja, Inc. has a 1 year low of $60.50 and a 1 year high of $123.00. The stock has a market capitalization of $13.19 billion, a PE ratio of 29.59, a PEG ratio of 1.82 and a beta of 1.70. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.97 and a quick ratio of 1.17. The business’s 50-day moving average is $88.65 and its 200 day moving average is $94.27.

SharkNinja (NYSE:SN) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.14. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.17 billion. SharkNinja had a return on equity of 28.89% and a net margin of 7.86%. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period last year, the company earned $1.06 EPS. Sell-side analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SN has been the topic of several research reports. Oppenheimer raised their price objective on shares of SharkNinja from $105.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, May 9th. Morgan Stanley upped their price objective on SharkNinja from $85.00 to $101.00 and gave the stock an “equal weight” rating in a report on Friday, May 9th. JPMorgan Chase & Co. reduced their price objective on SharkNinja from $139.00 to $98.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Guggenheim dropped their target price on SharkNinja from $135.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, May 9th. Finally, The Goldman Sachs Group increased their price target on shares of SharkNinja from $100.00 to $112.00 and gave the company a “buy” rating in a research report on Friday, May 9th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $121.50.

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.