Sterling Capital Management LLC Acquires 3,882 Shares of SharkNinja, Inc. $SN

Sterling Capital Management LLC increased its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 174.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,108 shares of the company’s stock after buying an additional 3,882 shares during the period. Sterling Capital Management LLC’s holdings in SharkNinja were worth $1,100,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new position in shares of SharkNinja during the second quarter valued at $81,134,000. WCM Investment Management LLC lifted its holdings in shares of SharkNinja by 4.3% during the first quarter. WCM Investment Management LLC now owns 793,063 shares of the company’s stock worth $77,419,000 after purchasing an additional 32,524 shares during the period. Evercore Wealth Management LLC grew its stake in shares of SharkNinja by 24.7% in the first quarter. Evercore Wealth Management LLC now owns 670,411 shares of the company’s stock worth $70,997,000 after purchasing an additional 132,749 shares during the last quarter. Bank of America Corp DE grew its stake in shares of SharkNinja by 17.9% in the first quarter. Bank of America Corp DE now owns 559,813 shares of the company’s stock worth $59,284,000 after purchasing an additional 84,796 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in SharkNinja by 228.7% in the second quarter. Wellington Management Group LLP now owns 339,476 shares of the company’s stock valued at $51,692,000 after purchasing an additional 236,184 shares during the period. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SN shares. Oppenheimer raised their target price on SharkNinja from $145.00 to $170.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. TD Cowen lifted their target price on SharkNinja from $160.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, August 7th. UBS Group reiterated a “buy” rating and issued a $219.10 price target on shares of SharkNinja in a research report on Wednesday, August 12th. JPMorgan Chase & Co. raised their price objective on SharkNinja from $207.00 to $223.00 and gave the stock an “overweight” rating in a research report on Monday, October 19th. Finally, Weiss Ratings raised SharkNinja from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 17th. Twelve analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $189.92.

Insider Transactions at SharkNinja

In other SharkNinja news, insider Neil Shah sold 50,000 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $186.36, for a total value of $9,318,000.00. Following the transaction, the insider owned 497,220 shares in the company, valued at approximately $92,661,919.20. This represents a 9.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 100,000 shares of company stock valued at $18,613,911 in the last 90 days. 40.80% of the stock is currently owned by corporate insiders.

SharkNinja Price Performance

Shares of NYSE SN opened at $198.71 on Tuesday. The firm’s 50-day moving average price is $180.93 and its 200-day moving average price is $140.67. SharkNinja, Inc. has a 1-year low of $83.12 and a 1-year high of $200.38. The firm has a market capitalization of $27.99 billion, a P/E ratio of 37.62, a P/E/G ratio of 2.32 and a beta of 1.27. The company has a current ratio of 2.08, a quick ratio of 1.45 and a debt-to-equity ratio of 0.24.

SharkNinja (NYSE:SN) last issued its earnings results on Wednesday, August 5th. The company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.11 by $0.15. SharkNinja had a return on equity of 27.79% and a net margin of 10.06%. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the business posted $0.97 EPS. The firm’s revenue for the quarter was up 22.2% compared to the same quarter last year. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. Equities research analysts anticipate that SharkNinja, Inc. will post 5.89 earnings per share for the current fiscal year.

SharkNinja Profile

SharkNinja, Inc is a global product design and technology company that develops and markets consumer appliances under the Shark and Ninja brands. Its products are designed for everyday household tasks, with an emphasis on convenience, performance and accessible innovation.

The company’s portfolio includes vacuum cleaners and floor-care products, air purifiers, cooking appliances, blenders and food-preparation systems, coffee and beverage products, hair-care devices, and other home appliances.