WINTON GROUP Ltd Buys New Shares in SharkNinja, Inc. $SN

WINTON GROUP Ltd purchased a new stake in SharkNinja, Inc. (NYSE:SN) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 16,174 shares of the company’s stock, valued at approximately $2,463,000.

A number of other large investors also recently modified their holdings of the business. California State Teachers Retirement System grew its holdings in shares of SharkNinja by 360,969.3% in the 2nd quarter. California State Teachers Retirement System now owns 16,486,425 shares of the company’s stock valued at $2,510,388,000 after acquiring an additional 16,481,859 shares in the last quarter. FIL Ltd raised its holdings in SharkNinja by 2.2% during the fourth quarter. FIL Ltd now owns 2,268,418 shares of the company’s stock worth $253,836,000 after acquiring an additional 48,163 shares in the last quarter. Palestra Capital Management LLC boosted its position in SharkNinja by 10.3% during the third quarter. Palestra Capital Management LLC now owns 1,388,046 shares of the company’s stock valued at $143,177,000 after purchasing an additional 130,121 shares during the last quarter. Alliancebernstein L.P. grew its stake in SharkNinja by 39.3% in the second quarter. Alliancebernstein L.P. now owns 1,337,735 shares of the company’s stock valued at $132,422,000 after purchasing an additional 377,544 shares in the last quarter. Finally, Parsifal Capital Management LP bought a new position in SharkNinja in the third quarter valued at approximately $111,773,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Stock Performance

Shares of NYSE SN opened at $161.30 on Friday. The company has a current ratio of 2.08, a quick ratio of 1.45 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $22.72 billion, a P/E ratio of 32.92, a P/E/G ratio of 1.92 and a beta of 1.24. SharkNinja, Inc. has a 12 month low of $83.12 and a 12 month high of $194.54. The stock has a 50 day moving average of $168.77 and a 200-day moving average of $135.90.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SN shares. Bank of America upped their price objective on SharkNinja from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Canaccord Genuity Group upped their price target on shares of SharkNinja from $185.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Piper Sandler reiterated an “overweight” rating and issued a $200.00 price target (up from $181.00) on shares of SharkNinja in a research note on Thursday, August 6th. UBS Group reissued a “buy” rating and issued a $219.10 price objective on shares of SharkNinja in a research report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of SharkNinja from $170.00 to $207.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $188.59.

Insider Buying and Selling at SharkNinja

In other news, insider Neil Shah sold 50,000 shares of the firm’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 completion of the sale, the insider owned 497,220 shares in the company, valued at approximately $92,661,919.20. This trade represents a 9.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold 100,000 shares of company stock valued at $18,613,911 over the last 90 days. 40.80% of the stock is owned by corporate insiders.

About SharkNinja

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.