Hodges Capital Management Inc. Sells 124,470 Shares of 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 stake in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 33.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 243,977 shares of the company's stock after selling 124,470 shares during the quarter. SharkNinja makes up 2.0% of Hodges Capital Management Inc.'s holdings, making the stock its 6th largest position. Hodges Capital Management Inc. owned 0.17% of SharkNinja worth $20,350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in SN. GAMMA Investing LLC increased its position in SharkNinja by 77.9% during 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. increased its position in 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 buying an additional 406 shares in the last quarter. SVB Wealth LLC acquired a new position in SharkNinja during the 1st quarter valued at about $36,000. Continuum Advisory LLC increased its holdings in shares of 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 purchasing an additional 550 shares during the period. Finally, Covestor Ltd increased its holdings in shares of 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 purchasing an additional 616 shares during the period. 34.77% of the stock is owned by institutional investors and hedge funds.

SharkNinja Stock Up 1.1%

SN traded up $1.28 on Wednesday, hitting $114.29. 323,156 shares of the company were exchanged, compared to its average volume of 1,612,156. The company has a market cap of $16.13 billion, a price-to-earnings ratio of 31.25, a price-to-earnings-growth ratio of 2.18 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 firm has a 50-day moving average price of $116.22 and a two-hundred day moving average price of $97.86. SharkNinja, Inc. has a twelve month low of $60.50 and a twelve month high of $128.51.

SharkNinja (NYSE:SN - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.19. The business 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 quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.71 EPS. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. On average, equities analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SN. Zacks Research raised 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 objective on SharkNinja in a report on Monday, June 30th. Canaccord Genuity Group increased their price objective on SharkNinja from $127.00 to $136.00 and gave the company a "buy" rating in a report on Thursday, July 17th. JPMorgan Chase & Co. increased their price target on SharkNinja from $108.00 to $144.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Finally, Oppenheimer raised their target price on SharkNinja from $120.00 to $135.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $131.86.

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.