SharkNinja, Inc. $SN Stake Lowered by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership decreased its stake in SharkNinja, Inc. (NYSE:SN) by 68.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 138,728 shares of the company’s stock after selling 299,430 shares during the period. Artisan Partners Limited Partnership owned 0.10% of SharkNinja worth $14,310,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SN. Norges Bank acquired a new stake in SharkNinja in the second quarter worth $81,983,000. Third Point LLC grew its position in shares of SharkNinja by 118.2% during the second quarter. Third Point LLC now owns 1,200,000 shares of the company’s stock worth $118,788,000 after acquiring an additional 650,000 shares during the last quarter. Disciplined Growth Investors Inc. MN acquired a new stake in shares of SharkNinja in the 2nd quarter worth about $46,048,000. Voss Capital LP lifted its position in SharkNinja by 238.6% in the 2nd quarter. Voss Capital LP now owns 575,626 shares of the company’s stock valued at $56,981,000 after purchasing an additional 405,626 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC lifted its position in SharkNinja by 79.6% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 900,661 shares of the company’s stock valued at $89,156,000 after purchasing an additional 399,043 shares during the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on SN. JPMorgan Chase & Co. raised their price target on shares of SharkNinja from $126.00 to $142.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Guggenheim raised their target price on SharkNinja from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Jefferies Financial Group reiterated a “buy” rating and set a $200.00 price target on shares of SharkNinja in a research report on Wednesday, February 11th. Wall Street Zen cut SharkNinja from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Oppenheimer lifted their price objective on shares of SharkNinja from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $145.78.

SharkNinja Stock Down 3.2%

SN opened at $122.77 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.26 and a current ratio of 1.96. The company has a market capitalization of $17.33 billion, a PE ratio of 24.85, a P/E/G ratio of 1.64 and a beta of 1.41. The stock’s fifty day moving average is $121.27 and its 200-day moving average is $109.78. SharkNinja, Inc. has a one year low of $60.50 and a one year high of $133.99.

SharkNinja (NYSE:SN) last released its earnings results on Wednesday, February 11th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.15. SharkNinja had a return on equity of 32.30% and a net margin of 10.96%.The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the previous year, the company earned $1.40 earnings per share. SharkNinja’s revenue was up 17.6% compared to the same quarter last year. SharkNinja has set its FY 2026 guidance at 5.900-6.000 EPS. On average, equities analysts predict that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

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.