SharkNinja, Inc. $SN Shares Sold by Newbrook Capital Advisors LP

Key Points

• Newbrook Capital Advisors LP reduced its stake in SharkNinja, Inc. by 41.3% in the first quarter, selling 110,686 shares and retaining approximately 157,553 shares, which accounts for 2.1% of its investment portfolio.
• SharkNinja reported $1.44 billion in revenue for the recent quarter, exceeding analyst expectations, and earnings per share (EPS) of $0.97, beating forecasts by $0.19.
• Analysts maintain a positive outlook on SharkNinja, with multiple firms raising target prices and the stock averaging a "Buy" rating with a price target of $131.86.

Newbrook Capital Advisors LP lessened its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 41.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 157,553 shares of the company's stock after selling 110,686 shares during the period. SharkNinja makes up 2.1% of Newbrook Capital Advisors LP's investment portfolio, making the stock its 18th largest position. Newbrook Capital Advisors LP owned 0.11% of SharkNinja worth $13,141,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Federated Hermes Inc. lifted its stake in shares of SharkNinja by 14.7% in the 1st quarter. Federated Hermes Inc. now owns 1,305,771 shares of the company's stock valued at $108,914,000 after purchasing an additional 167,757 shares during the last quarter. Greenvale Capital LLP acquired a new position in shares of SharkNinja in the 4th quarter valued at $73,020,000. Deutsche Bank AG raised its holdings in shares of SharkNinja by 50.6% in the 1st quarter. Deutsche Bank AG now owns 591,957 shares of the company's stock valued at $49,375,000 after buying an additional 198,873 shares during the period. Wellington Management Group LLP raised its holdings in shares of SharkNinja by 47.1% in the 4th quarter. Wellington Management Group LLP now owns 549,768 shares of the company's stock valued at $53,525,000 after buying an additional 175,978 shares during the period. Finally, Mawer Investment Management Ltd. raised its holdings in shares of SharkNinja by 11.0% in the 1st quarter. Mawer Investment Management Ltd. now owns 327,198 shares of the company's stock valued at $27,292,000 after buying an additional 32,400 shares during the period. Institutional investors and hedge funds own 34.77% of the company's stock.

SharkNinja Stock Up 2.9%

Shares of NYSE:SN traded up $3.42 on Thursday, hitting $121.41. 1,369,760 shares of the company's stock were exchanged, compared to its average volume of 1,649,634. The firm's 50-day moving average is $113.83 and its 200 day moving average is $97.36. The company has a market capitalization of $17.14 billion, a PE ratio of 33.17, a P/E/G ratio of 2.22 and a beta of 1.68. SharkNinja, Inc. has a 1-year low of $60.50 and a 1-year 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 released its quarterly earnings data on Thursday, August 7th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.19. The business had revenue of $1.44 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 EPS. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. Sell-side analysts predict that SharkNinja, Inc. will post 4.52 EPS for the current year.

Wall Street Analyst Weigh In

SN has been the topic of several research analyst reports. Oppenheimer boosted their price objective on SharkNinja from $120.00 to $135.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Morgan Stanley boosted their price objective on SharkNinja from $85.00 to $101.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. The Goldman Sachs Group boosted their price objective on SharkNinja from $100.00 to $112.00 and gave the company a "buy" rating in a report on Friday, May 9th. Guggenheim reiterated a "buy" rating on shares of SharkNinja in a report on Friday, August 8th. Finally, JPMorgan Chase & Co. upped their price target on SharkNinja from $108.00 to $144.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, SharkNinja 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.