Braun Stacey Associates Inc. Raises Holdings in SharkNinja, Inc. $SN

Braun Stacey Associates Inc. lifted its position in shares of SharkNinja, Inc. (NYSE:SN) by 8.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 229,560 shares of the company’s stock after acquiring an additional 18,090 shares during the quarter. Braun Stacey Associates Inc. owned approximately 0.16% of SharkNinja worth $24,310,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Wealth High Governance Capital Ltda bought a new stake in shares of SharkNinja in the fourth quarter valued at approximately $17,072,000. Dorsal Capital Management LP lifted its stake in shares of SharkNinja by 14.7% during the 3rd quarter. Dorsal Capital Management LP now owns 975,000 shares of the company’s stock valued at $100,571,000 after buying an additional 125,000 shares in the last quarter. Magnetar Financial LLC bought a new position in SharkNinja in the 3rd quarter worth approximately $2,859,000. Alliancebernstein L.P. boosted its holdings in SharkNinja by 13.2% in the 3rd quarter. Alliancebernstein L.P. now owns 1,513,839 shares of the company’s stock worth $156,152,000 after buying an additional 176,104 shares during the period. Finally, Nicholas Company Inc. grew its stake in SharkNinja by 30.3% in the 4th quarter. Nicholas Company Inc. now owns 116,041 shares of the company’s stock valued at $12,985,000 after buying an additional 26,962 shares in the last quarter. Hedge funds and other institutional investors own 34.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Piper Sandler began coverage on shares of SharkNinja in a report on Tuesday, June 9th. They set an “overweight” rating and a $150.00 target price on the stock. Wall Street Zen lowered SharkNinja from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. National Bank Financial set a $145.00 price target on SharkNinja in a research report on Tuesday, March 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of SharkNinja in a research note on Friday, April 10th. Finally, JPMorgan Chase & Co. increased their price objective on SharkNinja from $144.00 to $146.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, SharkNinja presently has an average rating of “Moderate Buy” and an average target price of $150.00.

SharkNinja Stock Performance

SharkNinja stock opened at $145.29 on Friday. SharkNinja, Inc. has a 1-year low of $83.12 and a 1-year high of $145.88. The company has a current ratio of 2.38, a quick ratio of 1.62 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $20.56 billion, a PE ratio of 29.29, a price-to-earnings-growth ratio of 1.95 and a beta of 1.34. The firm’s 50 day simple moving average is $120.80 and its 200 day simple moving average is $117.51.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.38 billion. SharkNinja had a net margin of 10.70% and a return on equity of 29.07%. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period last year, the firm earned $0.87 EPS. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. As a group, analysts expect that SharkNinja, Inc. will post 5.74 earnings per share for the current fiscal year.

Insider Activity

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

SharkNinja 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.