Oxbow Capital Management HK Ltd Decreases Position in SharkNinja, Inc. $SN

Oxbow Capital Management HK Ltd reduced its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 12.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 380,000 shares of the company’s stock after selling 51,602 shares during the quarter. SharkNinja accounts for about 6.9% of Oxbow Capital Management HK Ltd’s holdings, making the stock its 9th biggest holding. Oxbow Capital Management HK Ltd owned approximately 0.27% of SharkNinja worth $39,197,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of SN. Geneos Wealth Management Inc. acquired a new position in SharkNinja during the third quarter worth about $29,000. TFC Financial Management Inc. acquired a new stake in shares of SharkNinja in the 3rd quarter valued at approximately $55,000. EverSource Wealth Advisors LLC grew its holdings in shares of SharkNinja by 2,071.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 695 shares of the company’s stock valued at $69,000 after purchasing an additional 663 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of SharkNinja during the 3rd quarter valued at approximately $97,000. Finally, Allworth Financial LP increased its position in SharkNinja by 495.5% during the 2nd quarter. Allworth Financial LP now owns 1,840 shares of the company’s stock worth $182,000 after purchasing an additional 1,531 shares in the last quarter. 34.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SN has been the subject of several research reports. Wall Street Zen raised shares of SharkNinja from a “hold” rating to a “buy” rating in a research note on Saturday. TD Cowen reiterated a “buy” rating on shares of SharkNinja in a report on Wednesday, January 14th. JPMorgan Chase & Co. increased their price target on SharkNinja from $126.00 to $142.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Cantor Fitzgerald reissued an “outperform” rating on shares of SharkNinja in a report on Wednesday, December 17th. Finally, Canaccord Genuity Group set a $160.00 price objective on SharkNinja in a research report on Thursday, February 12th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, SharkNinja presently has an average rating of “Moderate Buy” and an average target price of $145.78.

SharkNinja Trading Down 1.7%

SN opened at $99.99 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.04 and a quick ratio of 1.47. SharkNinja, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $133.99. The company’s 50 day moving average price is $120.80 and its two-hundred day moving average price is $109.33. The firm has a market capitalization of $14.12 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 1.36 and a beta of 1.39.

SharkNinja (NYSE:SN) last released its quarterly earnings results on Wednesday, February 11th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.15. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.09 billion. SharkNinja had a net margin of 10.96% and a return on equity of 30.71%. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.40 earnings per share. SharkNinja has set its FY 2026 guidance at 5.900-6.000 EPS. As a group, research analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Adam Quigley sold 2,620 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $114.36, for a total transaction of $299,623.20. Following the completion of the transaction, the chief financial officer directly owned 8,673 shares of the company’s stock, valued at $991,844.28. This trade represents a 23.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 11.12% of the stock is owned by insiders.

About SharkNinja

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.