Capricorn Fund Managers Ltd Makes New $6.78 Million Investment in SharkNinja, Inc. $SN

Capricorn Fund Managers Ltd acquired a new position in SharkNinja, Inc. (NYSE:SN) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 64,000 shares of the company’s stock, valued at approximately $6,778,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Larson Financial Group LLC boosted its position in shares of SharkNinja by 64.3% during the 3rd quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock valued at $33,000 after purchasing an additional 126 shares in the last quarter. Transamerica Financial Advisors LLC increased its holdings in SharkNinja by 459.3% in the fourth quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company’s stock worth $34,000 after purchasing an additional 248 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in SharkNinja in the fourth quarter worth approximately $38,000. Sunbelt Securities Inc. acquired a new position in SharkNinja in the third quarter valued at approximately $46,000. Finally, Quarry LP acquired a new position in SharkNinja in the third quarter valued at approximately $59,000. 34.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SN. Piper Sandler initiated coverage on shares of SharkNinja in a research report on Tuesday, June 9th. They set an “overweight” rating and a $150.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on shares of SharkNinja from $144.00 to $146.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of SharkNinja in a research note on Friday, April 10th. Jefferies Financial Group restated a “buy” rating on shares of SharkNinja in a report on Wednesday, May 6th. Finally, Canaccord Genuity Group raised their price target on shares of SharkNinja from $160.00 to $161.00 and gave the stock a “buy” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, SharkNinja currently has a consensus rating of “Moderate Buy” and an average target price of $150.00.

Insider Buying and Selling at SharkNinja

In other news, CFO Adam Quigley sold 6,923 shares of SharkNinja stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $112.97, for a total transaction of $782,091.31. Following the completion of the transaction, the chief financial officer directly owned 1,750 shares in the company, valued at $197,697.50. This trade represents a 79.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 40.80% of the company’s stock.

SharkNinja Price Performance

Shares of NYSE:SN opened at $152.26 on Wednesday. SharkNinja, Inc. has a twelve month low of $83.12 and a twelve month high of $152.46. The stock’s 50 day moving average is $122.07 and its 200-day moving average is $118.09. The company has a quick ratio of 1.62, a current ratio of 2.38 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $21.55 billion, a price-to-earnings ratio of 30.70, a PEG ratio of 1.96 and a beta of 1.34.

SharkNinja (NYSE:SN) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.38 billion. SharkNinja had a net margin of 10.70% and a return on equity of 29.07%. SharkNinja’s revenue was up 15.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.87 EPS. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. Sell-side analysts forecast that SharkNinja, Inc. will post 5.74 EPS for the current fiscal year.

SharkNinja Company Profile

SharkNinja (NYSE: SN) is a leading designer, marketer and distributor of innovative small home appliances under the Shark® and Ninja® brands. The company’s product portfolio spans floorcare, cleaning and home environment products, including upright, cordless and robotic vacuum cleaners, steam mops and air purifiers. In the kitchen category, SharkNinja offers a broad range of cooking and food preparation solutions, such as countertop ovens, air fryers, multicookers, blenders and coffee makers. Its products are positioned to deliver user-friendly performance, innovative features and durable design for everyday household tasks.

Founded in 1998 as Euro-Pro Operating LLC, the company initially focused on the European market before expanding its presence in North America.