Baillie Gifford & Co. increased its stake in iRobot Co. (NASDAQ:IRBT) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 710,334 shares of the industrial products company’s stock after purchasing an additional 13,335 shares during the period. Baillie Gifford & Co. owned 2.57% of iRobot worth $59,483,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in IRBT. North Star Investment Management Corp. acquired a new stake in iRobot during the 4th quarter valued at approximately $25,000. Capital Investment Advisory Services LLC acquired a new stake in iRobot during the 4th quarter valued at approximately $39,000. Bruderman Asset Management LLC acquired a new stake in iRobot during the 4th quarter valued at approximately $58,000. Optimum Investment Advisors lifted its stake in iRobot by 225.0% during the 4th quarter. Optimum Investment Advisors now owns 1,000 shares of the industrial products company’s stock valued at $84,000 after acquiring an additional 1,800 shares during the period. Finally, Stratos Wealth Partners LTD. acquired a new stake in iRobot during the 3rd quarter valued at approximately $127,000. Institutional investors own 97.16% of the company’s stock.
Several analysts have commented on the stock. Canaccord Genuity cut shares of iRobot from a “buy” rating to a “hold” rating and decreased their price objective for the company from $115.00 to $114.00 in a research note on Tuesday, February 19th. They noted that the move was a valuation call. Sidoti cut shares of iRobot from a “buy” rating to a “neutral” rating and set a $118.00 price objective for the company. in a research note on Thursday, February 21st. They noted that the move was a valuation call. Piper Jaffray Companies lifted their price objective on shares of iRobot from $82.00 to $96.00 and gave the company a “neutral” rating in a research note on Thursday, February 7th. BidaskClub upgraded shares of iRobot from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 14th. Finally, Zacks Investment Research cut shares of iRobot from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 3rd. Six equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $96.33.
Shares of NASDAQ:IRBT remained flat at $$125.03 during trading on Thursday. 40,738 shares of the stock traded hands, compared to its average volume of 809,032. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 28.68, a price-to-earnings-growth ratio of 1.95 and a beta of 1.75. iRobot Co. has a 52-week low of $56.61 and a 52-week high of $132.88.
iRobot (NASDAQ:IRBT) last posted its earnings results on Wednesday, February 6th. The industrial products company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.33. The firm had revenue of $384.67 million during the quarter, compared to analyst estimates of $381.87 million. iRobot had a net margin of 8.05% and a return on equity of 17.14%. The business’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.16 EPS. As a group, sell-side analysts anticipate that iRobot Co. will post 3.1 earnings per share for the current fiscal year.
In related news, Director Michelle Stacy sold 1,500 shares of the business’s stock in a transaction on Wednesday, February 27th. The shares were sold at an average price of $124.00, for a total value of $186,000.00. Following the completion of the sale, the director now owns 9,652 shares of the company’s stock, valued at approximately $1,196,848. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Glen Daniel Weinstein sold 1,995 shares of the business’s stock in a transaction on Monday, February 11th. The stock was sold at an average price of $106.04, for a total transaction of $211,549.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 92,383 shares of company stock valued at $9,171,417. Insiders own 3.51% of the company’s stock.
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iRobot Company Profile
iRobot Corporation designs, builds, and sells robots for the consumer market worldwide. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Mirra Pool Cleaning Robot to clean residential pools and removes debris as small as two microns from pool floors, walls, and stairs.
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