SharkNinja, Inc. $SN Shares Purchased by Royal Bank of Canada

Key Points

• Royal Bank of Canada nearly doubled its SharkNinja stake in the first quarter, acquiring 36,318 additional shares to hold 74,000 shares valued at approximately $7.84 million. Institutional investors collectively own 34.77% of the company.
• SharkNinja reported a strong quarter, with earnings of $1.26 per share versus the $1.11 consensus estimate and revenue of $1.77 billion, up 22.2% year over year. The company provided fiscal 2026 EPS guidance of $6.45 to $6.55.
• Analyst sentiment remains positive: 11 analysts rate the stock Buy and one rates it Hold, producing a consensus “Moderate Buy” rating and an average price target of $185.82. Shares opened at $185.40, near their 52-week high of $187.63.

Royal Bank of Canada raised its position in SharkNinja, Inc. (NYSE:SN - Free Report) by 96.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,000 shares of the company's stock after acquiring an additional 36,318 shares during the quarter. Royal Bank of Canada owned approximately 0.05% of SharkNinja worth $7,837,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of SharkNinja in the first quarter valued at approximately $27,000. Larson Financial Group LLC boosted its position in SharkNinja by 64.3% in the 3rd quarter. Larson Financial Group LLC now owns 322 shares of the company's stock valued at $33,000 after buying an additional 126 shares during the period. Transamerica Financial Advisors LLC boosted its position in SharkNinja by 459.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company's stock valued at $34,000 after buying an additional 248 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of SharkNinja in the fourth quarter worth $38,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of SharkNinja during the third quarter worth $46,000. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Neil B. Shah sold 29,667 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $186.76, for a total transaction of $5,540,608.92. Following the completion of the sale, the insider owned 61,099 shares in the company, valued at $11,410,849.24. This represents a 32.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 40.80% of the stock is currently owned by corporate insiders.

SharkNinja Trading Down 0.1%

SN opened at $185.40 on Tuesday. The company has a quick ratio of 1.45, a current ratio of 2.08 and a debt-to-equity ratio of 0.24. SharkNinja, Inc. has a 52 week low of $83.12 and a 52 week high of $187.63. The business's 50 day moving average is $147.63 and its two-hundred day moving average is $126.31. The firm has a market cap of $26.12 billion, a price-to-earnings ratio of 37.84, a price-to-earnings-growth ratio of 2.24 and a beta of 1.21.

SharkNinja (NYSE:SN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.15. The business had revenue of $1.77 billion during 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 company's revenue was up 22.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.97 earnings per share. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. On average, research analysts predict that SharkNinja, Inc. will post 5.77 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SN. Oppenheimer upped their target price on shares of SharkNinja from $145.00 to $170.00 and gave the stock an "outperform" rating in a research note on Monday, July 13th. Jefferies Financial Group restated a "buy" rating on shares of SharkNinja in a report on Wednesday, May 6th. TD Cowen boosted their target price on shares of SharkNinja from $160.00 to $205.00 and gave the stock a "buy" rating in a research note on Friday. JPMorgan Chase & Co. raised 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. Finally, Wall Street Zen raised shares of SharkNinja from a "hold" rating to a "buy" rating in a report on Saturday. Eleven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $185.82.

About SharkNinja

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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