Nomura Holdings Inc. Buys Shares of 27,341 SharkNinja, Inc. $SN

Key Points

• Nomura Holdings Inc. has acquired a new stake in SharkNinja, Inc., purchasing 27,341 shares valued at approximately $2,281,000.
• SharkNinja's stock has received favorable ratings from multiple analysts, with upgrades raising the price target to as high as $144.00 and an average target of $131.86.
• The company's recent earnings report revealed $1.44 billion in revenue for the quarter, surpassing analyst estimates, and an EPS of $0.97, beating expectations by $0.19.

Nomura Holdings Inc. acquired a new position in shares of SharkNinja, Inc. (NYSE:SN - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 27,341 shares of the company's stock, valued at approximately $2,281,000.

A number of other large investors also recently added to or reduced their stakes in SN. Mariner LLC acquired a new position in SharkNinja during the fourth quarter worth $264,000. Stifel Financial Corp lifted its position in shares of SharkNinja by 11.7% in the fourth quarter. Stifel Financial Corp now owns 5,352 shares of the company's stock valued at $521,000 after acquiring an additional 562 shares in the last quarter. Voya Investment Management LLC lifted its position in shares of SharkNinja by 1.2% in the fourth quarter. Voya Investment Management LLC now owns 13,168 shares of the company's stock valued at $1,282,000 after acquiring an additional 154 shares in the last quarter. Northern Trust Corp lifted its position in shares of SharkNinja by 14.5% in the fourth quarter. Northern Trust Corp now owns 131,285 shares of the company's stock valued at $12,782,000 after acquiring an additional 16,607 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of SharkNinja by 126.8% in the fourth quarter. AQR Capital Management LLC now owns 101,823 shares of the company's stock valued at $9,812,000 after acquiring an additional 56,927 shares in the last quarter. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Trading Down 3.3%

Shares of SN traded down $3.97 during mid-day trading on Friday, reaching $117.25. The stock had a trading volume of 1,713,722 shares, compared to its average volume of 1,478,173. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.94 and a quick ratio of 1.20. SharkNinja, Inc. has a 52-week low of $60.50 and a 52-week high of $128.51. The business's fifty day moving average is $114.79 and its 200 day moving average is $97.39. The firm has a market cap of $16.55 billion, a price-to-earnings ratio of 32.03, a P/E/G ratio of 2.23 and a beta of 1.68.

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. SharkNinja had a net margin of 8.82% and a return on equity of 28.78%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the firm posted $0.71 earnings per share. SharkNinja's quarterly revenue was up 15.7% on a year-over-year basis. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. On average, sell-side analysts predict that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Jefferies Financial Group set a $175.00 target price on SharkNinja in a research report on Monday, June 30th. Guggenheim restated a "buy" rating on shares of SharkNinja in a research report on Friday, August 8th. Canaccord Genuity Group raised their target price on SharkNinja from $127.00 to $136.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. Zacks Research upgraded SharkNinja from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 20th. Finally, JPMorgan Chase & Co. raised their target price on SharkNinja from $108.00 to $144.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $131.86.

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.