Evercore Wealth Management LLC Boosts Stock Position in SharkNinja, Inc. $SN

Evercore Wealth Management LLC raised its holdings in SharkNinja, Inc. (NYSE:SN) by 24.7% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 670,411 shares of the company’s stock after acquiring an additional 132,749 shares during the quarter. SharkNinja makes up 1.1% of Evercore Wealth Management LLC’s holdings, making the stock its 29th largest holding. Evercore Wealth Management LLC’s holdings in SharkNinja were worth $70,997,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. FIL Ltd lifted its position in shares of SharkNinja by 2.2% during the fourth quarter. FIL Ltd now owns 2,268,418 shares of the company’s stock worth $253,836,000 after purchasing an additional 48,163 shares during the last quarter. Palestra Capital Management LLC boosted its stake in shares of 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 period. Alliancebernstein L.P. grew its holdings in shares of SharkNinja by 39.3% in the second quarter. Alliancebernstein L.P. now owns 1,337,735 shares of the company’s stock worth $132,422,000 after purchasing an additional 377,544 shares during the last quarter. Parsifal Capital Management LP bought a new position in shares of SharkNinja in the third quarter worth about $111,773,000. Finally, Morgan Stanley increased its stake in 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 during the period. Hedge funds and other institutional investors own 34.77% of the company’s stock.

SharkNinja Price Performance

SN opened at $153.04 on Tuesday. SharkNinja, Inc. has a 12-month low of $83.12 and a 12-month high of $156.87. The company has a current ratio of 2.38, a quick ratio of 1.62 and a debt-to-equity ratio of 0.25. The business’s fifty day simple moving average is $136.37 and its 200-day simple moving average is $123.01. The company has a market capitalization of $21.66 billion, a price-to-earnings ratio of 30.86, a PEG ratio of 1.95 and a beta of 1.22.

SharkNinja (NYSE:SN) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. SharkNinja had a return on equity of 29.07% and a net margin of 10.70%.The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the company posted $0.87 earnings per share. The firm’s quarterly revenue was up 15.6% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. On average, equities research analysts anticipate that SharkNinja, Inc. will post 5.77 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 dated Friday, May 8th. The shares were 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 40.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of SharkNinja in a report on Wednesday, July 8th. Piper Sandler began coverage on shares of SharkNinja in a research note on Tuesday, June 9th. They issued an “overweight” rating and a $150.00 target price on the stock. Jefferies Financial Group restated a “buy” rating on shares of SharkNinja in a research note on Wednesday, May 6th. Wall Street Zen lowered shares of SharkNinja from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Oppenheimer lifted their price target on shares of SharkNinja from $145.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $164.80.

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.