Vaughan Nelson Investment Management L.P. Buys 89,350 Shares of SharkNinja, Inc. $SN

Vaughan Nelson Investment Management L.P. boosted its stake in shares of SharkNinja, Inc. (NYSE:SN) by 29.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 394,505 shares of the company’s stock after purchasing an additional 89,350 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in SharkNinja were worth $41,778,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of SN. Royal Bank of Canada increased its position in shares of SharkNinja by 21.8% during the 1st quarter. Royal Bank of Canada now owns 71,872 shares of the company’s stock worth $5,995,000 after purchasing an additional 12,851 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of SharkNinja in the 1st quarter valued at approximately $369,000. Goldman Sachs Group Inc. grew its stake in shares of SharkNinja by 169.4% in the first quarter. Goldman Sachs Group Inc. now owns 505,301 shares of the company’s stock valued at $42,147,000 after buying an additional 317,730 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of SharkNinja by 7.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 50,813 shares of the company’s stock valued at $4,238,000 after buying an additional 3,632 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of SharkNinja in the first quarter valued at $656,000. 34.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on SN. JPMorgan Chase & Co. upped their price target on shares of SharkNinja from $144.00 to $146.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of SharkNinja in a research note on Friday, April 10th. Piper Sandler initiated coverage on shares of SharkNinja in a research report on Tuesday, June 9th. They issued an “overweight” rating and a $150.00 price objective for the company. Canaccord Genuity Group boosted their price objective on shares of SharkNinja from $160.00 to $161.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Finally, National Bank Financial set a $145.00 target price on shares of SharkNinja in a report on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $150.00.

SharkNinja Price Performance

Shares of SN opened at $140.91 on Monday. The firm has a market capitalization of $19.94 billion, a PE ratio of 28.41, a PEG ratio of 1.89 and a beta of 1.35. The company’s 50-day moving average is $118.30 and its 200-day moving average is $116.38. SharkNinja, Inc. has a fifty-two week low of $83.12 and a fifty-two week high of $141.81. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.38 and a quick ratio of 1.62.

SharkNinja (NYSE:SN) last announced its earnings results on Wednesday, May 6th. The company reported $1.09 EPS for the quarter, topping 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 previous year, the firm posted $0.87 EPS. SharkNinja’s revenue was up 15.6% compared to the same quarter last year. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. Equities analysts forecast that SharkNinja, Inc. will post 5.74 EPS for the current year.

Insider Transactions at SharkNinja

In other news, CFO Adam Quigley sold 6,923 shares of the business’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 sale, the chief financial officer owned 1,750 shares in the company, valued at $197,697.50. The trade was a 79.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 40.80% of the stock is owned by company insiders.

SharkNinja Company 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.