Handelsbanken Fonder AB Has $3.07 Million Position in SharkNinja, Inc. $SN

Handelsbanken Fonder AB increased its stake in shares of SharkNinja, Inc. (NYSE:SN) by 33.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 27,400 shares of the company’s stock after buying an additional 6,900 shares during the quarter. Handelsbanken Fonder AB’s holdings in SharkNinja were worth $3,066,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Parsifal Capital Management LP bought a new stake in SharkNinja during the third quarter worth $111,773,000. Disciplined Growth Investors Inc. MN bought a new stake in SharkNinja during the second quarter worth $46,048,000. Qube Research & Technologies Ltd bought a new stake in SharkNinja during the third quarter worth $46,772,000. Ameriprise Financial Inc. lifted its stake in SharkNinja by 451.6% during the second quarter. Ameriprise Financial Inc. now owns 486,297 shares of the company’s stock worth $48,139,000 after purchasing an additional 398,141 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in SharkNinja by 39.3% during the second quarter. Alliancebernstein L.P. now owns 1,337,735 shares of the company’s stock worth $132,422,000 after purchasing an additional 377,544 shares during the last quarter. Institutional investors and hedge funds own 34.77% of the company’s stock.

Insider Activity at SharkNinja

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 completion of the transaction, the chief financial officer directly owned 1,750 shares in the company, valued at approximately $197,697.50. This represents a 79.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 11.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SN. Oppenheimer upped their target price on SharkNinja from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Jefferies Financial Group restated a “buy” rating on shares of SharkNinja in a research note on Wednesday, May 6th. Weiss Ratings restated a “hold (c+)” rating on shares of SharkNinja in a research note on Friday, April 10th. Wall Street Zen cut SharkNinja from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Canaccord Genuity Group upped their target price on SharkNinja from $160.00 to $161.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, SharkNinja presently has a consensus rating of “Moderate Buy” and an average target price of $150.00.

SharkNinja Stock Down 0.2%

Shares of SN opened at $111.96 on Friday. 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 $15.85 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 1.50 and a beta of 1.37. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.62 and a current ratio of 2.38. The stock has a fifty day moving average of $109.45 and a 200-day moving average of $111.20.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.09 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the company earned $0.87 EPS. SharkNinja’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. As a group, sell-side analysts anticipate that SharkNinja, Inc. will post 5.74 earnings per share 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.