Hodges Capital Management Inc. Sells 26,518 Shares of SharkNinja, Inc. $SN

Hodges Capital Management Inc. decreased its holdings in SharkNinja, Inc. (NYSE:SN) by 9.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 258,239 shares of the company’s stock after selling 26,518 shares during the quarter. SharkNinja accounts for about 2.3% of Hodges Capital Management Inc.’s holdings, making the stock its 8th largest holding. Hodges Capital Management Inc. owned 0.18% of SharkNinja worth $26,637,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Royal Bank of Canada increased its position 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 buying an additional 12,851 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in SharkNinja in the 1st quarter valued at $369,000. Goldman Sachs Group Inc. increased its holdings in SharkNinja by 169.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 505,301 shares of the company’s stock worth $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 increased its holdings in SharkNinja by 7.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 50,813 shares of the company’s stock worth $4,238,000 after acquiring an additional 3,632 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in SharkNinja during the first quarter worth $656,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

SharkNinja Trading Up 0.3%

Shares of SN stock opened at $131.43 on Wednesday. The company has a current ratio of 1.96, a quick ratio of 1.26 and a debt-to-equity ratio of 0.29. SharkNinja, Inc. has a twelve month low of $60.50 and a twelve month high of $133.99. The company’s 50-day moving average price is $119.14 and its 200-day moving average price is $109.09. The stock has a market cap of $18.55 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 1.78 and a beta of 1.41.

SharkNinja (NYSE:SN) last released its quarterly earnings data on Wednesday, February 11th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.15. The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.09 billion. SharkNinja had a net margin of 10.96% and a return on equity of 32.30%. SharkNinja’s revenue was up 17.6% compared to the same quarter last year. During the same period last year, the business earned $1.40 earnings per share. SharkNinja has set its FY 2026 guidance at 5.900-6.000 EPS. As a group, equities analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SN. Wall Street Zen lowered shares of SharkNinja from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. JPMorgan Chase & Co. raised their price target 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. Weiss Ratings reiterated a “hold (c)” rating on shares of SharkNinja in a report on Monday, December 29th. Morgan Stanley set a $128.00 target price on SharkNinja in a report on Thursday, February 12th. Finally, Cantor Fitzgerald restated an “outperform” rating on shares of SharkNinja in a research report on Wednesday, December 17th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, SharkNinja currently has an average rating of “Moderate Buy” and a consensus price target of $145.78.

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.