SharkNinja, Inc. $SN Stock Holdings Boosted by Alua Capital Management LP

Key Points

• Alua Capital Management LP increased its stake in SharkNinja, Inc. by 21.8% during the first quarter, owning 1,269,433 shares after buying 226,944 additional shares, making SharkNinja its 4th largest position.
• SharkNinja reported quarterly earnings of $0.97 per share, surpassing analysts' estimates of $0.78, with revenue reaching $1.44 billion and a year-over-year growth of 15.7%.
• The company's stock is currently rated as a "Buy" by analysts, with a consensus target price of $131.86, following several upgrades from notable investment firms.

Alua Capital Management LP boosted its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 21.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,269,433 shares of the company's stock after buying an additional 226,944 shares during the period. SharkNinja makes up 8.3% of Alua Capital Management LP's investment portfolio, making the stock its 4th biggest holding. Alua Capital Management LP owned approximately 0.90% of SharkNinja worth $105,883,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC grew its stake in SharkNinja by 77.9% in the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company's stock valued at $30,000 after buying an additional 155 shares in the last quarter. Harbour Investments Inc. grew its position in shares of SharkNinja by 5,800.0% during the 1st quarter. Harbour Investments Inc. now owns 413 shares of the company's stock valued at $34,000 after purchasing an additional 406 shares in the last quarter. SVB Wealth LLC purchased a new position in shares of SharkNinja during the 1st quarter valued at $36,000. Continuum Advisory LLC grew its position in shares of SharkNinja by 6,875.0% during the 4th quarter. Continuum Advisory LLC now owns 558 shares of the company's stock valued at $54,000 after purchasing an additional 550 shares in the last quarter. Finally, Covestor Ltd grew its position in shares of SharkNinja by 96.0% during the 1st quarter. Covestor Ltd now owns 1,258 shares of the company's stock valued at $105,000 after purchasing an additional 616 shares in the last quarter. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

SharkNinja Price Performance

Shares of NYSE SN traded down $3.97 during mid-day trading on Friday, reaching $117.25. 1,713,722 shares of the company were exchanged, compared to its average volume of 1,478,173. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $128.51. The company has a quick ratio of 1.20, a current ratio of 1.94 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $16.55 billion, a PE ratio of 32.03, a PEG ratio of 2.30 and a beta of 1.68. The company's 50 day moving average price is $114.79 and its 200 day moving average price is $97.49.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.19. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.38 billion. SharkNinja had a net margin of 8.82% and a return on equity of 28.78%. The firm's revenue was up 15.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 EPS. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. Sell-side analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SN has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on shares of SharkNinja from $108.00 to $144.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. The Goldman Sachs Group boosted their price target on shares of SharkNinja from $100.00 to $112.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Canaccord Genuity Group boosted their price target on shares of SharkNinja from $127.00 to $136.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Jefferies Financial Group set a $175.00 price target on shares of SharkNinja in a research report on Monday, June 30th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, SharkNinja presently has an average rating of "Buy" and a consensus target price of $131.86.

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.