Braun Stacey Associates Inc. Raises Stock Holdings in SharkNinja, Inc. $SN

Braun Stacey Associates Inc. increased its stake in SharkNinja, Inc. (NYSE:SN) by 8.6% during the 1st quarter, Holdings Channel reports. The firm owned 229,560 shares of the company’s stock after purchasing an additional 18,090 shares during the quarter. Braun Stacey Associates Inc.’s holdings in SharkNinja were worth $24,310,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wealth High Governance Capital Ltda bought a new stake in SharkNinja during the fourth quarter valued at approximately $17,072,000. Dorsal Capital Management LP increased its holdings in shares of SharkNinja by 14.7% in the 3rd quarter. Dorsal Capital Management LP now owns 975,000 shares of the company’s stock worth $100,571,000 after buying an additional 125,000 shares during the last quarter. Magnetar Financial LLC bought a new position in shares of SharkNinja in the 3rd quarter worth $2,859,000. Alliancebernstein L.P. raised its position in shares of SharkNinja by 13.2% during the 3rd quarter. Alliancebernstein L.P. now owns 1,513,839 shares of the company’s stock valued at $156,152,000 after buying an additional 176,104 shares in the last quarter. Finally, Nicholas Company Inc. raised its position in shares of SharkNinja by 30.3% during the 4th quarter. Nicholas Company Inc. now owns 116,041 shares of the company’s stock valued at $12,985,000 after buying an additional 26,962 shares in the last quarter. 34.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Adam Quigley sold 6,923 shares of SharkNinja stock in a transaction on Friday, May 8th. The shares were sold at an average price of $112.97, for a total value of $782,091.31. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 40.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SN. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of SharkNinja in a report on Friday, April 10th. JPMorgan Chase & Co. raised their price target on SharkNinja from $144.00 to $146.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Wall Street Zen downgraded SharkNinja from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Jefferies Financial Group reaffirmed a “buy” rating on shares of SharkNinja in a research note on Wednesday, May 6th. Finally, Piper Sandler started coverage on SharkNinja in a report on Tuesday, June 9th. They issued an “overweight” rating and a $150.00 price objective for the company. One equities research 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.00.

SharkNinja Trading Up 1.7%

SN stock opened at $145.29 on Friday. The company has a market capitalization of $20.56 billion, a PE ratio of 29.29, a price-to-earnings-growth ratio of 1.95 and a beta of 1.34. SharkNinja, Inc. has a one year low of $83.12 and a one year high of $145.88. The company’s 50 day moving average price is $120.80 and its two-hundred day moving average price is $117.51. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.62 and a current ratio of 2.38.

SharkNinja (NYSE:SN) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. SharkNinja had a net margin of 10.70% and a return on equity of 29.07%. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the business posted $0.87 EPS. The business’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. As a group, analysts predict that SharkNinja, Inc. will post 5.74 earnings per share for the current fiscal year.

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.