Boothe Investment Group Inc. Has $7.72 Million Holdings in SharkNinja, Inc. $SN

Boothe Investment Group Inc. lifted its holdings in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 117.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 68,993 shares of the company's stock after purchasing an additional 37,327 shares during the period. SharkNinja accounts for 2.8% of Boothe Investment Group Inc.'s holdings, making the stock its 13th biggest holding. Boothe Investment Group Inc.'s holdings in SharkNinja were worth $7,720,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SN. Geneos Wealth Management Inc. acquired a new position in shares of SharkNinja during the third quarter worth $29,000. Larson Financial Group LLC lifted its holdings in shares of SharkNinja by 64.3% during the third quarter. Larson Financial Group LLC now owns 322 shares of the company's stock worth $33,000 after purchasing an additional 126 shares during the period. Sunbelt Securities Inc. acquired a new position in shares of SharkNinja during the third quarter worth $46,000. TFC Financial Management Inc. acquired a new position in shares of SharkNinja during the third quarter worth $55,000. Finally, Quarry LP acquired a new position in shares of SharkNinja during the third quarter worth $59,000. Institutional investors and hedge funds own 34.77% of the company's stock.

Insiders Place Their Bets

In other SharkNinja news, CFO Adam Quigley sold 2,620 shares of SharkNinja stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $114.36, for a total value of $299,623.20. Following the completion of the sale, the chief financial officer directly owned 8,673 shares of the company's stock, valued at approximately $991,844.28. The trade was a 23.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 11.12% of the company's stock.

SharkNinja Price Performance

SN stock opened at $114.74 on Tuesday. The firm has a market cap of $16.24 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 1.54 and a beta of 1.37. The company has a quick ratio of 1.47, a current ratio of 2.04 and a debt-to-equity ratio of 0.26. SharkNinja, Inc. has a 12-month low of $78.82 and a 12-month high of $133.99. The company's fifty day simple moving average is $112.29 and its 200 day simple moving average is $109.78.

SharkNinja (NYSE:SN - Get Free Report) last released its earnings results on Wednesday, February 11th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.15. SharkNinja had a net margin of 10.96% and a return on equity of 30.71%. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the previous year, the business earned $1.40 earnings per share. SharkNinja's revenue for the quarter was up 17.6% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 5.900-6.000 EPS. On average, analysts expect that SharkNinja, Inc. will post 5.76 earnings per share for the current year.

Analysts Set New Price Targets

SN has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of SharkNinja from a "hold" rating to a "buy" rating in a report on Saturday, March 14th. Oppenheimer boosted their target price on shares of SharkNinja from $140.00 to $145.00 and gave the company an "outperform" rating in a report on Friday, February 13th. Guggenheim boosted their target price on shares of SharkNinja from $140.00 to $145.00 and gave the company a "buy" rating in a report on Thursday, February 12th. Canaccord Genuity Group boosted their target price on shares of SharkNinja from $160.00 to $161.00 and gave the company a "buy" rating in a report on Monday. Finally, JPMorgan Chase & Co. dropped their target price on shares of SharkNinja from $152.00 to $144.00 and set an "overweight" rating on the stock in a report on Friday, April 17th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, SharkNinja presently has a consensus rating of "Moderate Buy" and an average price target of $146.00.

About SharkNinja

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.

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