SharkNinja, Inc. $SN is Hodges Capital Management Inc.’s 2nd Largest Position

Hodges Capital Management Inc. increased its holdings in SharkNinja, Inc. (NYSE:SN) by 18.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 305,626 shares of the company’s stock after acquiring an additional 47,387 shares during the period. SharkNinja makes up about 2.9% of Hodges Capital Management Inc.’s holdings, making the stock its 2nd largest holding. Hodges Capital Management Inc. owned approximately 0.22% of SharkNinja worth $34,200,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in SN. Parsifal Capital Management LP purchased a new position in SharkNinja in the third quarter worth approximately $111,773,000. Disciplined Growth Investors Inc. MN purchased a new position in SharkNinja in the second quarter worth approximately $46,048,000. Qube Research & Technologies Ltd purchased a new position in SharkNinja in the third quarter worth approximately $46,772,000. Ameriprise Financial Inc. grew its position in SharkNinja by 451.6% in the second quarter. Ameriprise Financial Inc. now owns 486,297 shares of the company’s stock worth $48,139,000 after acquiring an additional 398,141 shares during the period. Finally, Alliancebernstein L.P. grew its position in 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 acquiring an additional 377,544 shares during the period. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on SN shares. Piper Sandler started coverage on SharkNinja in a research report on Tuesday. They issued an “overweight” rating and a $150.00 price objective for the company. National Bank Financial set a $145.00 price target on SharkNinja in a research note on Tuesday, March 17th. JPMorgan Chase & Co. upped their price target on SharkNinja from $144.00 to $146.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Weiss Ratings restated a “hold (c+)” rating on shares of SharkNinja in a research note on Friday, April 10th. Finally, Morgan Stanley set a $128.00 price target on SharkNinja in a research note on Thursday, February 12th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, SharkNinja has a consensus rating of “Moderate Buy” and an average price target of $150.00.

SharkNinja Stock Down 0.1%

NYSE:SN opened at $128.40 on Thursday. The company has a quick ratio of 1.62, a current ratio of 2.38 and a debt-to-equity ratio of 0.25. The stock’s fifty day moving average is $114.13 and its two-hundred day moving average is $114.31. SharkNinja, Inc. has a 52 week low of $80.69 and a 52 week high of $133.99. The stock has a market capitalization of $18.17 billion, a price-to-earnings ratio of 25.89, a price-to-earnings-growth ratio of 1.73 and a beta of 1.34.

SharkNinja (NYSE:SN) last released its quarterly earnings results on Wednesday, May 6th. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. SharkNinja had a return on equity of 29.07% and a net margin of 10.70%.The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the firm earned $0.87 earnings per share. The firm’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. Research analysts anticipate that SharkNinja, Inc. will post 5.74 EPS for the current year.

Insider Activity

In other news, CFO Adam Quigley sold 6,923 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $112.97, for a total value of $782,091.31. Following the sale, the chief financial officer directly owned 1,750 shares in the company, valued at approximately $197,697.50. This trade represents a 79.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 40.80% of the company’s stock.

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.