Westfield Capital Management Co. LP Boosts Stake in SharkNinja, Inc. $SN

Westfield Capital Management Co. LP grew its stake in SharkNinja, Inc. (NYSE:SN) by 14.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,404,751 shares of the company’s stock after acquiring an additional 174,967 shares during the quarter. Westfield Capital Management Co. LP owned about 1.00% of SharkNinja worth $139,056,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SN. Harbour Investments Inc. boosted its holdings in shares of SharkNinja by 5,800.0% in the 1st quarter. Harbour Investments Inc. now owns 413 shares of the company’s stock valued at $34,000 after buying an additional 406 shares in the last quarter. New York State Teachers Retirement System acquired a new position in shares of SharkNinja during the second quarter worth $43,000. SVB Wealth LLC purchased a new stake in shares of SharkNinja during the 1st quarter valued at $36,000. CWM LLC lifted its holdings in shares of SharkNinja by 656.7% during the 2nd quarter. CWM LLC now owns 787 shares of the company’s stock valued at $78,000 after purchasing an additional 683 shares during the last quarter. Finally, Signaturefd LLC boosted its position in shares of SharkNinja by 246.7% in the 2nd quarter. Signaturefd LLC now owns 1,203 shares of the company’s stock worth $119,000 after purchasing an additional 856 shares in the last quarter. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Weiss Ratings cut SharkNinja from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Morgan Stanley set a $110.00 price target on shares of SharkNinja in a report on Monday, October 27th. Wall Street Zen downgraded SharkNinja from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Guggenheim restated a “buy” rating on shares of SharkNinja in a research note on Friday, August 8th. Finally, JPMorgan Chase & Co. dropped their target price on SharkNinja from $131.00 to $126.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $127.57.

SharkNinja Stock Up 3.5%

Shares of SN stock opened at $87.50 on Thursday. SharkNinja, Inc. has a twelve month low of $60.50 and a twelve month high of $128.51. The stock has a market cap of $12.35 billion, a P/E ratio of 21.60, a P/E/G ratio of 1.53 and a beta of 1.51. The stock has a 50 day moving average of $97.23 and a 200 day moving average of $102.33. The company has a current ratio of 1.96, a quick ratio of 1.26 and a debt-to-equity ratio of 0.29.

SharkNinja (NYSE:SN) last posted its earnings results on Thursday, November 6th. The company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.18. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.62 billion. SharkNinja had a net margin of 9.45% and a return on equity of 28.93%. The business’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.21 EPS. SharkNinja has set its FY 2025 guidance at 5.050-5.150 EPS. As a group, sell-side analysts expect that SharkNinja, Inc. will post 4.52 EPS for the current year.

About SharkNinja

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.