Boothe Investment Group Inc. Invests $3.12 Million in SharkNinja, Inc. $SN

Boothe Investment Group Inc. purchased a new stake in shares of SharkNinja, Inc. (NYSE:SN) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,539 shares of the company’s stock, valued at approximately $3,122,000. SharkNinja comprises about 1.2% of Boothe Investment Group Inc.’s investment portfolio, making the stock its 25th largest holding.

Several other large investors have also recently bought and sold shares of the stock. GLOBALT Investments LLC GA boosted its position in SharkNinja by 43.9% during the second quarter. GLOBALT Investments LLC GA now owns 9,264 shares of the company’s stock valued at $917,000 after purchasing an additional 2,824 shares during the last quarter. Ethic Inc. acquired a new position in SharkNinja during the second quarter valued at approximately $303,000. Aurora Investment Counsel acquired a new position in SharkNinja during the second quarter valued at approximately $1,366,000. WCM Investment Management LLC boosted its position in SharkNinja by 159.7% during the second quarter. WCM Investment Management LLC now owns 575,867 shares of the company’s stock valued at $55,571,000 after purchasing an additional 354,101 shares during the last quarter. Finally, New York State Teachers Retirement System acquired a new stake in shares of SharkNinja in the second quarter valued at approximately $43,000. 34.77% of the stock is owned by institutional investors and hedge funds.

SharkNinja Price Performance

NYSE:SN opened at $96.63 on Friday. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $128.51. The firm has a market cap of $13.64 billion, a price-to-earnings ratio of 26.40, a P/E/G ratio of 1.84 and a beta of 1.56. The firm’s 50-day simple moving average is $107.13 and its 200 day simple moving average is $100.30. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.20 and a current ratio of 1.94.

SharkNinja (NYSE:SN) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.19. SharkNinja had a net margin of 8.82% and a return on equity of 28.78%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the firm earned $0.71 earnings per share. SharkNinja’s revenue for the quarter was up 15.7% compared to the same quarter last year. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. As a group, sell-side analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SN shares. Zacks Research cut SharkNinja from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. JPMorgan Chase & Co. cut their price objective on SharkNinja from $136.00 to $131.00 and set an “overweight” rating for the company in a research report on Friday, October 10th. Oppenheimer cut their price objective on SharkNinja from $135.00 to $112.00 and set an “outperform” rating for the company in a research report on Tuesday. Guggenheim reaffirmed a “buy” rating on shares of SharkNinja in a research report on Friday, August 8th. Finally, Wall Street Zen raised SharkNinja from a “hold” rating to a “buy” rating in a research report on Saturday. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.71.

SharkNinja Company Profile

SharkNinja, Inc, a product design and technology company, engages in the provision of various solutions for consumers worldwide. It offers cleaning appliances, including corded and cordless vacuums, including handheld and robotic vacuums, as well as other floorcare products comprising steam mops, wet/dry cleaning floor products, and carpet extraction; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, carbonation, cookware, cutlery, kettles, toasters and bakeware; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, such as hair dryers and stylers, as well as home environment products comprising air purifiers and humidifiers.