New Mexico Educational Retirement Board Makes New $2.22 Million Investment in SharkNinja, Inc. $SN

Key Points

• New Mexico Educational Retirement Board acquired 14,600 SharkNinja shares worth approximately $2.22 million in the second quarter, while institutional investors collectively own 34.77% of the company.
• SharkNinja reported strong quarterly results, with EPS of $1.26 beating estimates of $1.11 and revenue rising 22.2% year over year to $1.77 billion. The company issued fiscal 2026 EPS guidance of $6.45–$6.55.
• Wall Street remains broadly positive, with 12 analysts rating the stock a Buy and one a Hold; the consensus target is $188.59. Shares recently traded near their 52-week high, while insiders sold 100,000 shares worth $18.6 million over the past 90 days.

New Mexico Educational Retirement Board acquired a new position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 14,600 shares of the company's stock, valued at approximately $2,223,000.

Several other large investors have also recently bought and sold shares of the company. FIL Ltd raised its holdings in SharkNinja by 2.2% in the 4th quarter. FIL Ltd now owns 2,268,418 shares of the company's stock valued at $253,836,000 after buying an additional 48,163 shares during the last quarter. Palestra Capital Management LLC boosted its position in SharkNinja by 10.3% during the third quarter. Palestra Capital Management LLC now owns 1,388,046 shares of the company's stock valued at $143,177,000 after acquiring an additional 130,121 shares during the last quarter. Alliancebernstein L.P. boosted its position in SharkNinja by 39.3% during the second quarter. Alliancebernstein L.P. now owns 1,337,735 shares of the company's stock valued at $132,422,000 after acquiring an additional 377,544 shares during the last quarter. Parsifal Capital Management LP acquired a new stake in SharkNinja during the 3rd quarter worth about $111,773,000. Finally, Morgan Stanley grew its holdings in SharkNinja by 191.3% during the 4th quarter. Morgan Stanley now owns 1,080,326 shares of the company's stock worth $120,889,000 after acquiring an additional 709,494 shares during the period. 34.77% of the stock is currently owned by institutional investors.

SharkNinja Stock Performance

Shares of SN opened at $191.53 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.08 and a quick ratio of 1.45. The stock has a 50-day moving average of $163.24 and a 200-day moving average of $132.78. The company has a market cap of $26.98 billion, a PE ratio of 39.09, a P/E/G ratio of 2.26 and a beta of 1.21. SharkNinja, Inc. has a one year low of $83.12 and a one year high of $194.54.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.26 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $0.15. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.65 billion. SharkNinja had a return on equity of 27.79% and a net margin of 10.06%.The firm's revenue for the quarter was up 22.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.97 EPS. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. On average, equities research analysts predict that SharkNinja, Inc. will post 5.89 EPS for the current fiscal year.

Insider Activity at SharkNinja

In related news, insider Neil B. Shah sold 50,000 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $186.36, for a total value of $9,318,000.00. Following the transaction, the insider directly owned 497,220 shares in the company, valued at $92,661,919.20. This trade represents a 9.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 100,000 shares of company stock worth $18,613,911 in the last ninety days. Insiders own 40.80% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Jefferies Financial Group reissued a "buy" rating on shares of SharkNinja in a research note on Wednesday, May 6th. UBS Group reaffirmed a "buy" rating and set a $219.10 target price on shares of SharkNinja in a research note on Wednesday, August 12th. JPMorgan Chase & Co. boosted their price target on SharkNinja from $170.00 to $207.00 and gave the company an "overweight" rating in a research note on Thursday, August 6th. Oppenheimer increased their price target on SharkNinja from $145.00 to $170.00 and gave the stock an "outperform" rating in a report on Monday, July 13th. Finally, Weiss Ratings raised shares of SharkNinja from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, August 17th. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $188.59.

SharkNinja Company Profile

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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