Hardman Johnston Global Advisors LLC Has $26.17 Million Stock Position in SharkNinja, Inc. $SN

Key Points

• Hardman Johnston Global Advisors LLC increased its stake in SharkNinja, Inc. by 7.3% during Q2, bringing its total holdings to approximately $26.17 million and making SharkNinja the 28th largest position in its portfolio.
• SharkNinja recently reported earnings per share (EPS) of $0.97 for the last quarter, exceeding expectations of $0.78, with revenue also surpassing forecasts at $1.44 billion.
• Analysts are optimistic about SharkNinja’s outlook, with multiple firms upgrading their ratings and setting a consensus target price of $130.71, indicating strong potential for growth.

Hardman Johnston Global Advisors LLC raised its position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 7.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 264,316 shares of the company's stock after buying an additional 18,040 shares during the quarter. SharkNinja accounts for 1.2% of Hardman Johnston Global Advisors LLC's portfolio, making the stock its 28th largest position. Hardman Johnston Global Advisors LLC owned about 0.19% of SharkNinja worth $26,165,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of SN. WCM Investment Management LLC raised its holdings in shares of SharkNinja by 27.1% during the first quarter. WCM Investment Management LLC now owns 221,766 shares of the company's stock valued at $18,633,000 after acquiring an additional 47,339 shares during the period. Encompass More Asset Management grew its position in SharkNinja by 39.3% during the 1st quarter. Encompass More Asset Management now owns 7,836 shares of the company's stock worth $654,000 after purchasing an additional 2,209 shares in the last quarter. GAMMA Investing LLC grew its position in SharkNinja by 77.9% during the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company's stock worth $30,000 after purchasing an additional 155 shares in the last quarter. Lisanti Capital Growth LLC acquired a new stake in shares of SharkNinja in the first quarter worth $350,000. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of SharkNinja by 504.3% in the first quarter. Caitong International Asset Management Co. Ltd now owns 2,502 shares of the company's stock worth $209,000 after buying an additional 2,088 shares during the period. 34.77% of the stock is owned by hedge funds and other institutional investors.

SharkNinja Trading Up 0.7%

Shares of NYSE SN opened at $101.09 on Friday. The stock has a market cap of $14.27 billion, a price-to-earnings ratio of 27.62, a PEG ratio of 1.91 and a beta of 1.56. The business has a 50 day simple moving average of $114.84 and a 200 day simple moving average of $99.20. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $128.51. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.20 and a current ratio of 1.94.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Zacks Research raised SharkNinja from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 20th. Guggenheim reiterated a "buy" rating on shares of SharkNinja in a report on Friday, August 8th. Jefferies Financial Group set a $175.00 target price on SharkNinja in a report on Monday, June 30th. Oppenheimer boosted their price objective on shares of SharkNinja from $120.00 to $135.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Finally, Canaccord Genuity Group boosted their price objective 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. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $130.71.

SharkNinja Company Profile

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.

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