Reynders McVeigh Capital Management LLC Buys 16,925 Shares of SharkNinja, Inc. $SN

Reynders McVeigh Capital Management LLC raised its stake in shares of SharkNinja, Inc. (NYSE:SN) by 10.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 172,607 shares of the company’s stock after purchasing an additional 16,925 shares during the period. SharkNinja accounts for 1.1% of Reynders McVeigh Capital Management LLC’s portfolio, making the stock its 25th largest holding. Reynders McVeigh Capital Management LLC’s holdings in SharkNinja were worth $26,283,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Voss Capital LP lifted its stake in shares of SharkNinja by 75.2% in the fourth quarter. Voss Capital LP now owns 958,952 shares of the company’s stock worth $107,307,000 after buying an additional 411,452 shares during the last quarter. WCM Investment Management LLC grew its stake in SharkNinja by 4.3% in the 1st quarter. WCM Investment Management LLC now owns 793,063 shares of the company’s stock valued at $77,419,000 after buying an additional 32,524 shares during the last quarter. Munro Partners raised its holdings in SharkNinja by 2,371.9% in the 4th quarter. Munro Partners now owns 784,586 shares of the company’s stock worth $87,795,000 after acquiring an additional 752,846 shares during the period. Blue Grotto Capital LLC lifted its position in SharkNinja by 71.9% during the 4th quarter. Blue Grotto Capital LLC now owns 705,556 shares of the company’s stock worth $78,952,000 after acquiring an additional 295,060 shares during the last quarter. Finally, Evercore Wealth Management LLC lifted its position in SharkNinja by 24.7% during the 1st quarter. Evercore Wealth Management LLC now owns 670,411 shares of the company’s stock worth $70,997,000 after acquiring an additional 132,749 shares during the last quarter. Institutional investors own 34.77% of the company’s stock.

Insider Transactions at SharkNinja

In related news, insider Neil Shah sold 50,000 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $186.36, for a total transaction of $9,318,000.00. Following the transaction, the insider owned 497,220 shares in the company, valued at $92,661,919.20. This represents a 9.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 100,000 shares of company stock worth $18,613,911. 40.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have issued reports on SN. UBS Group restated a “buy” rating and set a $219.10 price target on shares of SharkNinja in a report on Wednesday, August 12th. Wall Street Zen raised SharkNinja from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Canaccord Genuity Group increased their target price on SharkNinja from $185.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $204.00 target price on shares of SharkNinja in a report on Thursday, August 6th. Finally, TD Cowen lifted their price target on SharkNinja from $160.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Twelve equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, SharkNinja presently has a consensus rating of “Moderate Buy” and a consensus target price of $188.59.

SharkNinja Stock Performance

SharkNinja stock traded down $2.08 during trading hours on Tuesday, hitting $167.54. The stock had a trading volume of 1,929,860 shares, compared to its average volume of 1,853,487. The company has a 50-day moving average of $169.52 and a two-hundred day moving average of $136.55. The company has a quick ratio of 1.45, a current ratio of 2.08 and a debt-to-equity ratio of 0.24. SharkNinja, Inc. has a fifty-two week low of $83.12 and a fifty-two week high of $194.54. The company has a market cap of $23.60 billion, a PE ratio of 34.19, a price-to-earnings-growth ratio of 1.90 and a beta of 1.24.

SharkNinja (NYSE:SN) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.15. The business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.65 billion. SharkNinja had a return on equity of 27.79% and a net margin of 10.06%.SharkNinja’s quarterly revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.97 earnings per share. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. On average, equities research analysts anticipate that SharkNinja, Inc. will post 5.89 EPS for the current fiscal year.

SharkNinja Profile

SharkNinja, Inc is a global product design and technology company that develops and markets consumer appliances and household products. Its portfolio is organized primarily around the Shark and Ninja brands, which are sold through retailers, e-commerce channels and other distribution partners.

Shark products include vacuum cleaners, floor-care systems, air purifiers, beauty appliances and other home-cleaning solutions. Ninja products include blenders, food processors, air fryers, coffee and beverage systems, cookware, ovens, grills and other kitchen appliances.