Woodson Capital Management LP Makes New Investment in SharkNinja, Inc. (NYSE:SN)

Woodson Capital Management LP acquired a new position in SharkNinja, Inc. (NYSE:SN) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 90,000 shares of the company’s stock, valued at approximately $8,762,000. SharkNinja accounts for about 1.4% of Woodson Capital Management LP’s portfolio, making the stock its 20th largest position.

Several other hedge funds have also added to or reduced their stakes in SN. Quarry LP bought a new stake in SharkNinja in the fourth quarter worth about $47,000. R Squared Ltd bought a new stake in SharkNinja in the fourth quarter worth about $55,000. Covestor Ltd raised its position in SharkNinja by 284.4% in the fourth quarter. Covestor Ltd now owns 642 shares of the company’s stock worth $63,000 after acquiring an additional 475 shares during the period. Safe Harbor Fiduciary LLC raised its position in 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 acquiring an additional 1,000 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of SharkNinja in the fourth quarter valued at approximately $171,000. Institutional investors own 34.77% of the company’s stock.

SharkNinja Stock Performance

SharkNinja stock opened at $100.95 on Tuesday. The firm’s 50 day simple moving average is $83.14 and its 200 day simple moving average is $95.74. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $14.24 billion, a PE ratio of 32.46, a price-to-earnings-growth ratio of 2.35 and a beta of 1.68. SharkNinja, Inc. has a 1-year low of $60.50 and a 1-year high of $123.00.

SharkNinja (NYSE:SN) last posted its earnings results 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 business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.17 billion. SharkNinja had a net margin of 7.94% and a return on equity of 32.51%. SharkNinja’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.06 EPS. As a group, analysts expect that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

SN has been the topic of several research reports. Canaccord Genuity Group boosted their price target on shares of SharkNinja from $129.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. lowered their price target on shares of SharkNinja from $139.00 to $98.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Morgan Stanley boosted their price target on shares of SharkNinja from $85.00 to $101.00 and gave the company an “equal weight” rating in a research report on Friday, May 9th. Jefferies Financial Group boosted their price target on shares of SharkNinja from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, Oppenheimer boosted their price target 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. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, SharkNinja presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.50.

About SharkNinja

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.