Hodges Capital Management Inc. Has $20.35 Million Position in SharkNinja, Inc. $SN

Key Points

• Hodges Capital Management Inc. reduced its stake in SharkNinja by 33.8%, owning 243,977 shares after selling 124,470 shares in the 1st quarter.
• Several hedge funds have significantly increased their positions in SharkNinja, with Harbour Investments Inc. growing their stake by 5,800.0% during the same period.
• Analysts have mixed ratings for SharkNinja, with Oppenheimer and Canaccord Genuity raising their price targets to $135.00 and $136.00, respectively, while Wall Street Zen downgraded the stock from "buy" to "hold."

Hodges Capital Management Inc. reduced its position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 33.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 243,977 shares of the company's stock after selling 124,470 shares during the period. SharkNinja comprises 2.0% of Hodges Capital Management Inc.'s investment portfolio, making the stock its 6th largest holding. Hodges Capital Management Inc. owned approximately 0.17% of SharkNinja worth $20,350,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SN. GAMMA Investing LLC grew its holdings in shares of SharkNinja by 77.9% during the first quarter. GAMMA Investing LLC now owns 354 shares of the company's stock worth $30,000 after purchasing an additional 155 shares during the last quarter. Harbour Investments Inc. boosted its holdings in SharkNinja by 5,800.0% in the first quarter. Harbour Investments Inc. now owns 413 shares of the company's stock valued at $34,000 after acquiring an additional 406 shares during the last quarter. SVB Wealth LLC bought a new stake in SharkNinja in the first quarter valued at approximately $36,000. Continuum Advisory LLC boosted its holdings in SharkNinja by 6,875.0% in the fourth quarter. Continuum Advisory LLC now owns 558 shares of the company's stock valued at $54,000 after acquiring an additional 550 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in SharkNinja by 96.0% in the first quarter. Covestor Ltd now owns 1,258 shares of the company's stock valued at $105,000 after acquiring an additional 616 shares during the last quarter. 34.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. Zacks Research upgraded SharkNinja from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 20th. Jefferies Financial Group set a $175.00 price target on SharkNinja in a research note on Monday, June 30th. Guggenheim reissued a "buy" rating on shares of SharkNinja in a research note on Friday, August 8th. JPMorgan Chase & Co. boosted their price target on SharkNinja from $108.00 to $144.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Finally, Wall Street Zen lowered SharkNinja from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $131.86.

SharkNinja Stock Down 1.3%

SharkNinja stock traded down $1.55 during trading on Friday, hitting $113.99. 674,406 shares of the company were exchanged, compared to its average volume of 1,347,657. The company has a market capitalization of $16.09 billion, a P/E ratio of 31.15, a PEG ratio of 2.16 and a beta of 1.68. The company has a current ratio of 1.94, a quick ratio of 1.20 and a debt-to-equity ratio of 0.32. The business's 50 day moving average is $115.89 and its 200 day moving average is $97.68. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $128.51.

SharkNinja (NYSE:SN - Get Free Report) last announced its quarterly earnings data 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 the consensus estimate of $1.38 billion. SharkNinja had a return on equity of 28.78% and a net margin of 8.82%.The business's revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 EPS. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. Analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

SharkNinja 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.