Charles Schwab Investment Management Inc. Decreases Stock Holdings in SharkNinja, Inc. $SN

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in SharkNinja, Inc. by 12.5%, owning 181,888 shares worth approximately $15.17 million after selling 26,024 shares in the first quarter.
• SharkNinja reported $0.97 earnings per share for the last quarter, exceeding estimates, with revenue reaching $1.44 billion, a 15.7% increase year-over-year.
• Analysts have varying views on SharkNinja, with ratings including one Strong Buy, six Buy, and one Hold, and an average target price of $131.86.

Charles Schwab Investment Management Inc. decreased its holdings in SharkNinja, Inc. (NYSE:SN - Free Report) by 12.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 181,888 shares of the company's stock after selling 26,024 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.13% of SharkNinja worth $15,171,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Encompass More Asset Management grew its holdings in shares of SharkNinja by 39.3% during the 1st quarter. Encompass More Asset Management now owns 7,836 shares of the company's stock valued at $654,000 after purchasing an additional 2,209 shares during the last quarter. Scotia Capital Inc. acquired a new position in shares of SharkNinja during the 1st quarter valued at $2,272,000. PNC Financial Services Group Inc. lifted its position in shares of SharkNinja by 11.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,410 shares of the company's stock valued at $451,000 after acquiring an additional 537 shares during the period. Blueshift Asset Management LLC acquired a new position in shares of SharkNinja during the 1st quarter valued at $595,000. Finally, Commerce Bank bought a new stake in SharkNinja during the 1st quarter valued at $2,297,000. 34.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SN has been the subject of several recent analyst reports. Guggenheim reiterated a "buy" rating on shares of SharkNinja in a research note on Friday, August 8th. Oppenheimer upped their target price on shares of SharkNinja from $120.00 to $135.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. JPMorgan Chase & Co. upped their target price on shares of SharkNinja from $108.00 to $144.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Zacks Research upgraded shares of SharkNinja from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 20th. Finally, The Goldman Sachs Group upped their target price on shares of SharkNinja from $100.00 to $112.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. One 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's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $131.86.

SharkNinja Stock Performance

Shares of SN traded down $3.63 during trading hours on Thursday, hitting $116.66. The company's stock had a trading volume of 2,044,682 shares, compared to its average volume of 1,654,069. The company has a market cap of $16.47 billion, a price-to-earnings ratio of 31.88, a PEG ratio of 2.25 and a beta of 1.69. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.94 and a quick ratio of 1.20. The business has a 50 day simple moving average of $111.32 and a two-hundred day simple moving average of $97.14. SharkNinja, Inc. has a 52-week low of $60.50 and a 52-week high of $128.51.

SharkNinja (NYSE:SN - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.97 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 company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the business earned $0.71 earnings per share. SharkNinja's revenue was up 15.7% compared to the same quarter last year. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. On average, equities analysts expect that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

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.