Parsifal Capital Management LP Sells 805,906 Shares of SharkNinja, Inc. (NYSE:SN)

Parsifal Capital Management LP lessened its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 38.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 1,307,293 shares of the company’s stock after selling 805,906 shares during the quarter. SharkNinja accounts for approximately 9.7% of Parsifal Capital Management LP’s portfolio, making the stock its 3rd largest position. Parsifal Capital Management LP’s holdings in SharkNinja were worth $142,116,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC boosted its stake 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 buying an additional 182 shares during the period. Hollencrest Capital Management bought a new stake in shares of SharkNinja in the third quarter valued at approximately $54,000. Waldron Private Wealth LLC bought a new stake in shares of SharkNinja in the third quarter valued at approximately $65,000. Picton Mahoney Asset Management bought a new stake in shares of SharkNinja in the second quarter valued at approximately $70,000. Finally, Northwest & Ethical Investments L.P. bought a new stake in shares of SharkNinja in the third quarter valued at approximately $163,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

SharkNinja Stock Up 0.5 %

Shares of NYSE:SN opened at $98.87 on Wednesday. The firm has a fifty day moving average price of $103.50 and a two-hundred day moving average price of $90.12. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.67 and a quick ratio of 0.95. SharkNinja, Inc. has a one year low of $45.70 and a one year high of $112.93. The company has a market cap of $13.84 billion, a price-to-earnings ratio of 38.77, a PEG ratio of 1.62 and a beta of 1.01.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.21 EPS for the quarter, beating 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 the consensus estimate of $1.31 billion. During the same period last year, the firm earned $0.95 EPS. The business’s quarterly revenue was up 33.3% compared to the same quarter last year. Analysts anticipate that SharkNinja, Inc. will post 3.88 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on SN. Morgan Stanley upped their target price on SharkNinja from $80.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Friday, November 1st. Canaccord Genuity Group increased their price target on SharkNinja from $126.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, October 25th. 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 research report on Wednesday, October 23rd. Bank of America raised their price target on shares of SharkNinja from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, August 13th. Finally, The Goldman Sachs Group lifted their target price on shares of SharkNinja from $102.00 to $123.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $116.39.

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.