Reynders McVeigh Capital Management LLC increased its holdings in shares of SharkNinja, Inc. (NYSE:SN - Free Report) by 218.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 117,150 shares of the company's stock after buying an additional 80,325 shares during the period. Reynders McVeigh Capital Management LLC owned about 0.08% of SharkNinja worth $13,109,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. acquired a new position in shares of SharkNinja in the 3rd quarter worth approximately $29,000. Larson Financial Group LLC lifted its position in shares of SharkNinja by 64.3% in the 3rd quarter. Larson Financial Group LLC now owns 322 shares of the company's stock worth $33,000 after purchasing an additional 126 shares during the period. Sunbelt Securities Inc. acquired a new position in shares of SharkNinja in the 3rd quarter worth approximately $46,000. TFC Financial Management Inc. acquired a new position in shares of SharkNinja in the 3rd quarter worth approximately $55,000. Finally, GAMMA Investing LLC lifted its position in shares of SharkNinja by 24.3% in the 4th quarter. GAMMA Investing LLC now owns 562 shares of the company's stock worth $63,000 after purchasing an additional 110 shares during the period. 34.77% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of SharkNinja from $152.00 to $144.00 and set an "overweight" rating on the stock in a research report on Friday, April 17th. Wall Street Zen upgraded shares of SharkNinja from a "hold" rating to a "buy" rating in a research report on Saturday, March 14th. Bank of America boosted their price target on shares of SharkNinja from $140.00 to $145.00 and gave the stock a "buy" rating in a research report on Thursday, January 22nd. Guggenheim boosted their price target on shares of SharkNinja from $140.00 to $145.00 and gave the stock a "buy" rating in a research report on Thursday, February 12th. Finally, Morgan Stanley set a $128.00 price target on shares of SharkNinja in a research report on Thursday, February 12th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $145.90.
Read Our Latest Stock Analysis on SN
SharkNinja Stock Performance
NYSE:SN opened at $114.86 on Monday. The company has a fifty day moving average of $112.29 and a 200-day moving average of $109.78. The firm has a market capitalization of $16.26 billion, a P/E ratio of 23.25, a P/E/G ratio of 1.54 and a beta of 1.37. The company has a quick ratio of 1.47, a current ratio of 2.04 and a debt-to-equity ratio of 0.26. SharkNinja, Inc. has a twelve month low of $78.82 and a twelve month high of $133.99.
SharkNinja (NYSE:SN - Get Free Report) last released its quarterly earnings data on Wednesday, February 11th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.15. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.09 billion. SharkNinja had a net margin of 10.96% and a return on equity of 30.71%. SharkNinja's revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.40 EPS. SharkNinja has set its FY 2026 guidance at 5.900-6.000 EPS. As a group, sell-side analysts anticipate that SharkNinja, Inc. will post 5.76 EPS for the current year.
Insider Buying and Selling at SharkNinja
In other news, CFO Adam Quigley sold 2,620 shares of SharkNinja stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $114.36, for a total value of $299,623.20. Following the completion of the sale, the chief financial officer owned 8,673 shares in the company, valued at $991,844.28. The trade was a 23.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
About SharkNinja
(
Free Report)
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.
Further Reading
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