Raiffeisen Bank International AG Raises Stock Holdings in SharkNinja, Inc. $SN

Raiffeisen Bank International AG grew its position in shares of SharkNinja, Inc. (NYSE:SN) by 170.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 216,632 shares of the company’s stock after acquiring an additional 136,632 shares during the quarter. Raiffeisen Bank International AG owned about 0.15% of SharkNinja worth $31,711,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. TD Waterhouse Canada Inc. increased its position in SharkNinja by 3.5% in the second quarter. TD Waterhouse Canada Inc. now owns 12,216 shares of the company’s stock worth $1,856,000 after purchasing an additional 412 shares during the last quarter. AXQ Capital LP bought a new position in SharkNinja during the second quarter valued at $801,000. New Mexico Educational Retirement Board bought a new position in SharkNinja during the second quarter valued at $2,223,000. SPX Gestao de Recursos Ltda purchased a new position in shares of SharkNinja in the 2nd quarter worth $1,798,000. Finally, Wellington Management Group LLP grew its stake in shares of SharkNinja by 228.7% in the 2nd quarter. Wellington Management Group LLP now owns 339,476 shares of the company’s stock worth $51,692,000 after buying an additional 236,184 shares in the last quarter. 34.77% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at SharkNinja

In other SharkNinja news, insider Neil Shah sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $186.36, for a total value of $9,318,000.00. Following the completion of the sale, the insider owned 497,220 shares of the company’s stock, valued at $92,661,919.20. This trade represents a 9.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 100,000 shares of company stock valued at $18,613,911 over the last ninety days. 40.80% of the stock is owned by company insiders.

SharkNinja Trading Down 0.3%

SN stock opened at $174.65 on Friday. SharkNinja, Inc. has a twelve month low of $83.12 and a twelve month high of $194.54. The stock has a market capitalization of $24.60 billion, a price-to-earnings ratio of 35.64, a price-to-earnings-growth ratio of 2.07 and a beta of 1.24. The company has a quick ratio of 1.45, a current ratio of 2.08 and a debt-to-equity ratio of 0.24. The firm’s fifty day simple moving average is $166.45 and its two-hundred day simple moving average is $134.28.

SharkNinja (NYSE:SN) last released its earnings results on Wednesday, August 5th. The company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.15. SharkNinja had a net margin of 10.06% and a return on equity of 27.79%. The firm had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the business earned $0.97 EPS. The business’s revenue was up 22.2% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. As a group, analysts anticipate that SharkNinja, Inc. will post 5.89 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SN. Bank of America upped their target price on shares of SharkNinja from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Guggenheim lifted their price target on SharkNinja from $175.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Canaccord Genuity Group boosted their price objective on SharkNinja from $185.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. upped their price objective on SharkNinja from $170.00 to $207.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $200.00 price objective (up from $181.00) on shares of SharkNinja in a research note on Thursday, August 6th. Twelve equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, SharkNinja has a consensus rating of “Moderate Buy” and an average price target of $188.59.

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.