SharkNinja (NYSE:SN) Hits New 52-Week High – Still a Buy?

SharkNinja, Inc. (NYSE:SN)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $142.00 and last traded at $141.0590, with a volume of 434827 shares. The stock had previously closed at $134.90.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SN shares. Jefferies Financial Group restated a “buy” rating on shares of SharkNinja in a research report on Wednesday, May 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of SharkNinja in a research report on Friday, April 10th. National Bank Financial set a $145.00 target price on SharkNinja in a research note on Tuesday, March 17th. JPMorgan Chase & Co. boosted their price target on SharkNinja from $144.00 to $146.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Finally, Canaccord Genuity Group upped their price target on SharkNinja from $160.00 to $161.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, SharkNinja presently has an average rating of “Moderate Buy” and an average target price of $150.00.

SharkNinja Stock Performance

The company has a market capitalization of $20.23 billion, a P/E ratio of 28.82, a P/E/G ratio of 1.88 and a beta of 1.34. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.62 and a current ratio of 2.38. The business’s fifty day simple moving average is $120.19 and its 200-day simple moving average is $117.31.

SharkNinja (NYSE:SN) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. SharkNinja had a net margin of 10.70% and a return on equity of 29.07%. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the firm earned $0.87 EPS. The business’s revenue was up 15.6% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. As a group, equities analysts anticipate that SharkNinja, Inc. will post 5.74 earnings per share for the current fiscal year.

Insider Buying and Selling

In other SharkNinja news, CFO Adam Quigley sold 6,923 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $112.97, for a total transaction of $782,091.31. Following the completion of the transaction, the chief financial officer owned 1,750 shares in the company, valued at $197,697.50. This trade represents a 79.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 40.80% of the company’s stock.

Institutional Trading of SharkNinja

Several hedge funds have recently modified their holdings of the company. FIL Ltd grew its holdings in shares of SharkNinja by 2.2% in the fourth quarter. FIL Ltd now owns 2,268,418 shares of the company’s stock valued at $253,836,000 after purchasing an additional 48,163 shares in the last quarter. Alliancebernstein L.P. raised its stake in SharkNinja by 13.2% during the third quarter. Alliancebernstein L.P. now owns 1,513,839 shares of the company’s stock valued at $156,152,000 after purchasing an additional 176,104 shares in the last quarter. Palestra Capital Management LLC lifted its position in SharkNinja by 10.3% during the third quarter. Palestra Capital Management LLC now owns 1,388,046 shares of the company’s stock valued at $143,177,000 after purchasing an additional 130,121 shares during the last quarter. Parsifal Capital Management LP bought a new position in SharkNinja during the third quarter valued at $111,773,000. Finally, Morgan Stanley grew its stake in shares of SharkNinja by 191.3% in the 4th quarter. Morgan Stanley now owns 1,080,326 shares of the company’s stock worth $120,889,000 after buying an additional 709,494 shares in the last quarter. 34.77% of the stock is owned by hedge funds and other institutional investors.

About SharkNinja

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.