SharkNinja, Inc. $SN Stake Raised by Boston Partners

Boston Partners boosted its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 51.3% in the second quarter, HoldingsChannel reports. The fund owned 196,446 shares of the company’s stock after buying an additional 66,568 shares during the quarter. Boston Partners’ holdings in SharkNinja were worth $19,452,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of SN. Harbour Investments Inc. lifted its position in shares of SharkNinja by 5,800.0% in the first quarter. Harbour Investments Inc. now owns 413 shares of the company’s stock worth $34,000 after purchasing an additional 406 shares in the last quarter. SVB Wealth LLC purchased a new position in SharkNinja during the first quarter valued at approximately $36,000. New York State Teachers Retirement System acquired a new position in SharkNinja in the 2nd quarter valued at approximately $43,000. CWM LLC lifted its position in SharkNinja by 656.7% in the 2nd quarter. CWM LLC now owns 787 shares of the company’s stock worth $78,000 after buying an additional 683 shares in the last quarter. Finally, Covestor Ltd boosted its stake in shares of SharkNinja by 96.0% during the 1st quarter. Covestor Ltd now owns 1,258 shares of the company’s stock valued at $105,000 after buying an additional 616 shares during the period. Hedge funds and other institutional investors own 34.77% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on SN. Morgan Stanley set a $110.00 price target on shares of SharkNinja in a report on Monday, October 27th. Oppenheimer lowered their target price on SharkNinja from $135.00 to $112.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 21st. Canaccord Genuity Group upped their target price on SharkNinja from $136.00 to $138.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Zacks Research lowered SharkNinja from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 7th. Finally, Weiss Ratings downgraded SharkNinja from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $127.57.

SharkNinja Stock Down 2.8%

SN opened at $91.28 on Friday. The firm has a market cap of $12.88 billion, a P/E ratio of 22.54, a price-to-earnings-growth ratio of 1.74 and a beta of 1.51. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.26 and a current ratio of 1.96. The business has a 50 day moving average price of $99.59 and a 200 day moving average price of $102.04. SharkNinja, Inc. has a twelve month low of $60.50 and a twelve month high of $128.51.

SharkNinja (NYSE:SN) last released its quarterly earnings results on Thursday, November 6th. The company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.18. SharkNinja had a net margin of 9.45% and a return on equity of 28.93%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same quarter last year, the firm posted $1.21 earnings per share. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. SharkNinja has set its FY 2025 guidance at 5.050-5.150 EPS. Research analysts forecast 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.