SharkNinja, Inc. $SN Stake Reduced by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP cut its holdings in SharkNinja, Inc. (NYSE:SN) by 40.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 840,060 shares of the company’s stock after selling 562,237 shares during the quarter. Westfield Capital Management Co. LP’s holdings in SharkNinja were worth $94,003,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State of Wyoming purchased a new position in SharkNinja in the 4th quarter worth about $237,000. Bank of New York Mellon Corp increased its stake in SharkNinja by 13.4% in the 4th quarter. Bank of New York Mellon Corp now owns 258,561 shares of the company’s stock worth $28,933,000 after purchasing an additional 30,456 shares in the last quarter. Dynasty Wealth Management LLC increased its stake in SharkNinja by 77.1% in the 4th quarter. Dynasty Wealth Management LLC now owns 6,576 shares of the company’s stock worth $736,000 after purchasing an additional 2,862 shares in the last quarter. AXQ Capital LP purchased a new position in SharkNinja in the 4th quarter worth about $1,682,000. Finally, BW Gestao de Investimentos Ltda. purchased a new position in SharkNinja in the 4th quarter worth about $10,907,000. 34.77% of the stock is currently owned by institutional investors.

SharkNinja Trading Up 2.0%

NYSE:SN opened at $123.71 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.38 and a quick ratio of 1.62. SharkNinja, Inc. has a fifty-two week low of $80.69 and a fifty-two week high of $133.99. The stock’s 50-day moving average is $112.46 and its two-hundred day moving average is $113.23. The stock has a market cap of $17.51 billion, a PE ratio of 24.94, a price-to-earnings-growth ratio of 1.63 and a beta of 1.34.

SharkNinja (NYSE:SN) last released its earnings results on Wednesday, May 6th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the business posted $0.87 EPS. The business’s revenue for the quarter was up 15.6% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. As a group, equities research analysts forecast that SharkNinja, Inc. will post 5.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other SharkNinja news, CFO Adam Quigley sold 6,923 shares of SharkNinja stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $112.97, for a total transaction of $782,091.31. Following the transaction, the chief financial officer owned 1,750 shares of the company’s stock, valued at $197,697.50. The trade was a 79.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 40.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SN has been the topic of a number of analyst reports. Jefferies Financial Group reissued a “buy” rating on shares of SharkNinja in a research note on Wednesday, May 6th. Oppenheimer lifted their price target on SharkNinja from $140.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. JPMorgan Chase & Co. lifted their price target on SharkNinja from $144.00 to $146.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of SharkNinja in a research note on Friday, April 10th. Finally, Wall Street Zen cut SharkNinja from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $150.00.

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.