Hodges Capital Management Inc. Buys 47,387 Shares of SharkNinja, Inc. $SN

Hodges Capital Management Inc. increased its stake in SharkNinja, Inc. (NYSE:SN) by 18.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 305,626 shares of the company’s stock after acquiring an additional 47,387 shares during the period. SharkNinja makes up about 2.9% of Hodges Capital Management Inc.’s holdings, making the stock its 2nd largest holding. Hodges Capital Management Inc.’s holdings in SharkNinja were worth $34,200,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of SN. Royal Bank of Canada raised its stake in shares of SharkNinja by 21.8% in the first quarter. Royal Bank of Canada now owns 71,872 shares of the company’s stock valued at $5,995,000 after acquiring an additional 12,851 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of SharkNinja in the first quarter valued at $369,000. Goldman Sachs Group Inc. raised its stake in shares of SharkNinja by 169.4% in the first quarter. Goldman Sachs Group Inc. now owns 505,301 shares of the company’s stock valued at $42,147,000 after acquiring an additional 317,730 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in SharkNinja by 7.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 50,813 shares of the company’s stock valued at $4,238,000 after buying an additional 3,632 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in SharkNinja in the first quarter valued at $656,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on SN shares. Oppenheimer raised their price target on SharkNinja from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Morgan Stanley set a $128.00 price target on SharkNinja in a research note on Thursday, February 12th. Canaccord Genuity Group raised their price target on SharkNinja from $160.00 to $161.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Guggenheim raised their price target on SharkNinja from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of SharkNinja in a research note on Friday, April 10th. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $150.00.

Insider Activity

In other SharkNinja news, CFO Adam Quigley sold 6,923 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $112.97, for a total transaction of $782,091.31. Following the transaction, the chief financial officer owned 1,750 shares of the company’s stock, valued at approximately $197,697.50. This trade represents a 79.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 40.80% of the company’s stock.

SharkNinja Stock Performance

Shares of SN stock opened at $128.40 on Thursday. The stock’s 50-day moving average is $114.13 and its two-hundred day moving average is $114.31. The firm has a market cap of $18.17 billion, a price-to-earnings ratio of 25.89, a PEG ratio of 1.73 and a beta of 1.34. SharkNinja, Inc. has a 1 year low of $80.69 and a 1 year high of $133.99. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.62 and a current ratio of 2.38.

SharkNinja (NYSE:SN) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.08. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.38 billion. SharkNinja had a return on equity of 29.07% and a net margin of 10.70%.The business’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.87 earnings per share. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. Analysts predict that SharkNinja, Inc. will post 5.74 earnings per share for the current year.

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.