SharkNinja (NYSE:SN) Trading Up 8% After Strong Earnings

SharkNinja, Inc. (NYSE:SNGet Free Report)’s stock price rose 8% during mid-day trading on Wednesday following a stronger than expected earnings report. The company traded as high as $128.12 and last traded at $128.1830. Approximately 2,687,273 shares changed hands during mid-day trading, an increase of 79% from the average daily volume of 1,501,425 shares. The stock had previously closed at $118.64.

The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.15. SharkNinja had a net margin of 9.45% and a return on equity of 28.93%. The business had revenue of $2.10 billion for the quarter. During the same quarter in the prior year, the company posted $1.40 EPS. SharkNinja’s revenue was up 17.6% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 5.900-6.000 EPS.

More SharkNinja News

Here are the key news stories impacting SharkNinja this week:

Analysts Set New Price Targets

SN has been the subject of several research reports. Wall Street Zen lowered shares of SharkNinja from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Bank of America boosted their price objective on SharkNinja from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. JPMorgan Chase & Co. upped their price target on SharkNinja from $126.00 to $142.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. Jefferies Financial Group reiterated a “buy” rating on shares of SharkNinja in a research report on Wednesday. Finally, Canaccord Genuity Group set a $140.00 target price on shares of SharkNinja in a research report on Thursday, January 8th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $137.67.

Get Our Latest Stock Report on SN

Institutional Investors Weigh In On SharkNinja

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. boosted its holdings in shares of SharkNinja by 278.8% in the 4th quarter. Franklin Resources Inc. now owns 183,496 shares of the company’s stock worth $20,533,000 after purchasing an additional 135,056 shares during the period. Los Angeles Capital Management LLC bought a new stake in SharkNinja in the fourth quarter worth $38,000. Havemeyer Place LP bought a new position in SharkNinja during the fourth quarter valued at $142,000. Harvest Fund Management Co. Ltd lifted its holdings in shares of SharkNinja by 108.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 2,494 shares of the company’s stock worth $279,000 after acquiring an additional 1,295 shares during the last quarter. Finally, State of Wyoming purchased a new position in shares of SharkNinja during the 4th quarter worth about $237,000. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

SharkNinja Stock Performance

The stock has a market capitalization of $18.31 billion, a PE ratio of 32.00, a PEG ratio of 1.53 and a beta of 1.41. The business’s 50 day moving average is $116.99 and its 200 day moving average is $108.64. The company has a current ratio of 1.96, a quick ratio of 1.26 and a debt-to-equity ratio of 0.29.

About SharkNinja

(Get 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.

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