Parsifal Capital Management LP Reduces Position in SharkNinja, Inc. (NYSE:SN)

Parsifal Capital Management LP decreased its position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 38.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,307,293 shares of the company's stock after selling 805,906 shares during the period. SharkNinja accounts for approximately 9.7% of Parsifal Capital Management LP's portfolio, making the stock its 3rd largest holding. Parsifal Capital Management LP owned approximately 0.93% of SharkNinja worth $142,116,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of SharkNinja by 8.6% in the first quarter. Vanguard Group Inc. now owns 55,735 shares of the company's stock valued at $3,472,000 after purchasing an additional 4,411 shares during the period. Harbor Capital Advisors Inc. bought a new position in SharkNinja during the 2nd quarter valued at $513,000. Kingswood Wealth Advisors LLC bought a new position in SharkNinja during the 2nd quarter valued at $756,000. SG Americas Securities LLC boosted its stake in SharkNinja by 920.8% during the 2nd quarter. SG Americas Securities LLC now owns 45,101 shares of the company's stock valued at $3,389,000 after acquiring an additional 40,683 shares during the last quarter. Finally, Dnca Finance bought a new position in SharkNinja during the 2nd quarter valued at $6,113,000. Hedge funds and other institutional investors own 34.77% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of SharkNinja from $102.00 to $123.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Bank of America increased their price objective on shares of SharkNinja from $100.00 to $110.00 and gave the stock a "buy" rating in a report on Tuesday, August 13th. JPMorgan Chase & Co. dropped their price objective on shares of SharkNinja from $128.00 to $120.00 and set an "overweight" rating on the stock in a report on Friday, November 1st. Oppenheimer assumed coverage on shares of SharkNinja in a report on Tuesday, October 1st. They issued an "outperform" rating and a $120.00 price objective on the stock. Finally, Jefferies Financial Group increased their price objective on shares of SharkNinja from $115.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. 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, the company currently has an average rating of "Moderate Buy" and an average price target of $116.39.

SharkNinja Trading Up 6.7 %

Shares of SN traded up $6.58 during midday trading on Wednesday, hitting $105.45. The stock had a trading volume of 1,838,283 shares, compared to its average volume of 1,213,418. SharkNinja, Inc. has a fifty-two week low of $45.70 and a fifty-two week high of $112.93. The business has a 50-day simple moving average of $103.50 and a two-hundred day simple moving average of $90.12. The firm has a market cap of $14.76 billion, a P/E ratio of 41.04, a price-to-earnings-growth ratio of 1.62 and a beta of 1.01. The company has a current ratio of 1.67, a quick ratio of 0.95 and a debt-to-equity ratio of 0.42.

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