Tyro Capital Management LLC Raises Position in SharkNinja, Inc. $SN

Tyro Capital Management LLC boosted its position in shares of SharkNinja, Inc. (NYSE:SN) by 100.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 217,803 shares of the company’s stock after buying an additional 109,038 shares during the period. SharkNinja makes up about 8.5% of Tyro Capital Management LLC’s portfolio, making the stock its 5th biggest holding. Tyro Capital Management LLC owned about 0.15% of SharkNinja worth $21,560,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SN. Boston Partners increased its position in SharkNinja by 51.3% in the second quarter. Boston Partners now owns 196,446 shares of the company’s stock worth $19,452,000 after purchasing an additional 66,568 shares during the last quarter. Hodges Capital Management Inc. boosted its stake in shares of SharkNinja by 16.7% during the second quarter. Hodges Capital Management Inc. now owns 284,757 shares of the company’s stock valued at $28,188,000 after purchasing an additional 40,780 shares during the period. First Dallas Securities Inc. grew its holdings in shares of SharkNinja by 42.6% in the second quarter. First Dallas Securities Inc. now owns 34,090 shares of the company’s stock worth $3,375,000 after purchasing an additional 10,185 shares during the last quarter. Allworth Financial LP increased its stake in SharkNinja by 495.5% in the 2nd quarter. Allworth Financial LP now owns 1,840 shares of the company’s stock worth $182,000 after buying an additional 1,531 shares during the period. Finally, Illinois Municipal Retirement Fund lifted its holdings in SharkNinja by 318.4% during the 2nd quarter. Illinois Municipal Retirement Fund now owns 38,000 shares of the company’s stock valued at $3,762,000 after buying an additional 28,918 shares in the last quarter. 34.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SN has been the topic of several research analyst reports. Wall Street Zen cut SharkNinja from a “buy” rating to a “hold” rating in a research note on Saturday. Oppenheimer cut their target price on shares of SharkNinja from $135.00 to $112.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 21st. Guggenheim restated a “buy” rating on shares of SharkNinja in a research note on Friday, August 8th. Morgan Stanley set a $110.00 price target on SharkNinja in a report on Monday, October 27th. Finally, JPMorgan Chase & Co. cut their price objective on shares of SharkNinja from $131.00 to $126.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $127.57.

SharkNinja Stock Performance

Shares of SN stock opened at $91.87 on Wednesday. SharkNinja, Inc. has a 52-week low of $60.50 and a 52-week high of $128.51. The company has a quick ratio of 1.26, a current ratio of 1.96 and a debt-to-equity ratio of 0.29. The stock has a market cap of $12.97 billion, a PE ratio of 22.68, a price-to-earnings-growth ratio of 1.75 and a beta of 1.52. The business has a 50-day simple moving average of $100.68 and a 200-day simple moving average of $102.18.

SharkNinja (NYSE:SN) last issued its quarterly earnings data on Thursday, November 6th. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.32 by $0.18. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.62 billion. SharkNinja had a return on equity of 28.93% and a net margin of 9.45%.SharkNinja’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period last year, the company earned $1.21 earnings per share. SharkNinja has set its FY 2025 guidance at 5.050-5.150 EPS. On average, equities analysts expect that SharkNinja, Inc. will post 4.52 EPS for the current year.

SharkNinja Company 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.