Hodges Capital Management Inc. Lowers Holdings in SharkNinja, Inc. $SN

Hodges Capital Management Inc. decreased its position in SharkNinja, Inc. (NYSE:SN) by 33.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 243,977 shares of the company’s stock after selling 124,470 shares during the quarter. SharkNinja accounts for approximately 2.0% of Hodges Capital Management Inc.’s holdings, making the stock its 6th biggest holding. Hodges Capital Management Inc. owned approximately 0.17% of SharkNinja worth $20,350,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SN. GAMMA Investing LLC grew its holdings in SharkNinja by 77.9% during the 1st quarter. GAMMA Investing LLC now owns 354 shares of the company’s stock worth $30,000 after acquiring an additional 155 shares during the last quarter. Harbour Investments Inc. grew its holdings in SharkNinja by 5,800.0% during the 1st quarter. Harbour Investments Inc. now owns 413 shares of the company’s stock worth $34,000 after acquiring an additional 406 shares during the last quarter. SVB Wealth LLC bought a new stake in shares of SharkNinja during the first quarter valued at approximately $36,000. Continuum Advisory LLC grew its stake in shares of SharkNinja by 6,875.0% during the fourth quarter. Continuum Advisory LLC now owns 558 shares of the company’s stock valued at $54,000 after purchasing an additional 550 shares during the last quarter. Finally, Covestor Ltd grew its stake in shares of SharkNinja by 96.0% during the first quarter. Covestor Ltd now owns 1,258 shares of the company’s stock valued at $105,000 after purchasing an additional 616 shares during the last quarter. Institutional investors own 34.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SN shares. Oppenheimer increased their price target on shares of SharkNinja from $120.00 to $135.00 and gave the company an “outperform” rating in a research note on Monday, July 28th. Canaccord Genuity Group increased their price target on shares of SharkNinja from $127.00 to $136.00 and gave the company a “buy” rating in a research note on Thursday, July 17th. Guggenheim reissued a “buy” rating on shares of SharkNinja in a research note on Friday, August 8th. Wall Street Zen cut shares of SharkNinja from a “buy” rating to a “hold” rating in a research note on Sunday, August 17th. Finally, Jefferies Financial Group set a $175.00 target price on shares of SharkNinja in a research note on Monday, June 30th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, SharkNinja presently has an average rating of “Buy” and an average target price of $131.86.

SharkNinja Stock Down 0.2%

Shares of NYSE SN opened at $115.79 on Friday. The firm has a market capitalization of $16.34 billion, a PE ratio of 31.64, a price-to-earnings-growth ratio of 2.20 and a beta of 1.68. The company has a current ratio of 1.94, a quick ratio of 1.20 and a debt-to-equity ratio of 0.32. SharkNinja, Inc. has a 1 year low of $60.50 and a 1 year high of $128.51. The firm’s 50-day moving average is $115.77 and its 200-day moving average is $97.71.

SharkNinja (NYSE:SN) last issued its earnings results on Thursday, August 7th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.19. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.38 billion. SharkNinja had a net margin of 8.82% and a return on equity of 28.78%. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 EPS. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. Equities 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.