Tabor Asset Management LP Trims Stake in SharkNinja, Inc. $SN

Tabor Asset Management LP reduced its position in SharkNinja, Inc. (NYSE:SN) by 33.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,279 shares of the company’s stock after selling 20,119 shares during the quarter. SharkNinja accounts for approximately 2.4% of Tabor Asset Management LP’s investment portfolio, making the stock its 18th largest holding. Tabor Asset Management LP’s holdings in SharkNinja were worth $4,052,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Boothe Investment Group Inc. increased its holdings in shares of SharkNinja by 0.4% in the 3rd quarter. Boothe Investment Group Inc. now owns 31,666 shares of the company’s stock valued at $3,266,000 after acquiring an additional 127 shares during the period. Keybank National Association OH grew its holdings in SharkNinja by 3.6% in the third quarter. Keybank National Association OH now owns 5,470 shares of the company’s stock worth $564,000 after purchasing an additional 188 shares during the last quarter. Forum Financial Management LP boosted its position in shares of SharkNinja by 8.2% in the 3rd quarter. Forum Financial Management LP now owns 2,497 shares of the company’s stock worth $258,000 after purchasing an additional 190 shares in the last quarter. Kornitzer Capital Management Inc. KS increased its position in SharkNinja by 3.2% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 6,295 shares of the company’s stock valued at $649,000 after buying an additional 197 shares in the last quarter. Finally, Savant Capital LLC boosted its holdings in SharkNinja by 3.5% in the third quarter. Savant Capital LLC now owns 6,792 shares of the company’s stock worth $701,000 after acquiring an additional 232 shares in the last quarter. 34.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on SN. Morgan Stanley set a $128.00 target price on shares of SharkNinja in a research report on Thursday, February 12th. TD Cowen reiterated a “buy” rating on shares of SharkNinja in a research report on Wednesday, January 14th. JPMorgan Chase & Co. lifted their price objective on shares of SharkNinja from $126.00 to $142.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Cantor Fitzgerald reaffirmed an “outperform” rating on shares of SharkNinja in a research report on Wednesday, December 17th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of SharkNinja in a research report on Monday, December 29th. Nine equities research 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, SharkNinja has an average rating of “Moderate Buy” and an average target price of $145.78.

SharkNinja Stock Up 0.3%

Shares of NYSE SN opened at $111.43 on Tuesday. SharkNinja, Inc. has a 52-week low of $60.50 and a 52-week high of $133.99. The company has a quick ratio of 1.47, a current ratio of 2.04 and a debt-to-equity ratio of 0.26. The company’s 50-day simple moving average is $121.35 and its 200-day simple moving average is $109.52. The firm has a market cap of $15.74 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 1.48 and a beta of 1.39.

SharkNinja (NYSE:SN) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.15. SharkNinja had a return on equity of 30.71% and a net margin of 10.96%.The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the previous year, the company posted $1.40 earnings per share. The business’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. Equities analysts predict that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

Insider Buying and Selling at SharkNinja

In other SharkNinja news, CFO Adam Quigley sold 2,620 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $114.36, for a total value of $299,623.20. Following the transaction, the chief financial officer directly 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 document filed with the SEC, which is available through the SEC website.

SharkNinja Profile

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.