Hodges Capital Management Inc. Sells 124,470 Shares of SharkNinja, Inc. $SN

Hodges Capital Management Inc. cut its position in SharkNinja, Inc. (NYSE:SN) by 33.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 243,977 shares of the company’s stock after selling 124,470 shares during the period. SharkNinja comprises about 2.0% of Hodges Capital Management Inc.’s portfolio, making the stock its 6th largest position. Hodges Capital Management Inc.’s holdings in SharkNinja were worth $20,350,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of SN. Third Point LLC acquired a new stake in SharkNinja in the first quarter worth $45,876,000. Goldman Sachs Group Inc. raised its holdings in SharkNinja by 169.4% in the first quarter. Goldman Sachs Group Inc. now owns 505,301 shares of the company’s stock worth $42,147,000 after purchasing an additional 317,730 shares during the period. Jennison Associates LLC acquired a new stake in SharkNinja in the first quarter worth $21,336,000. Alua Capital Management LP lifted its stake in SharkNinja by 21.8% in the first quarter. Alua Capital Management LP now owns 1,269,433 shares of the company’s stock valued at $105,883,000 after buying an additional 226,944 shares in the last quarter. Finally, Bwcp LP acquired a new position in shares of SharkNinja in the first quarter valued at approximately $16,760,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on SN shares. Jefferies Financial Group set a $175.00 price target on shares of SharkNinja in a report on Monday, June 30th. Zacks Research upgraded shares of SharkNinja from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 20th. Oppenheimer upped their price target on shares of SharkNinja from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Monday, July 28th. Canaccord Genuity Group upped their price target on shares of SharkNinja from $127.00 to $136.00 and gave the company a “buy” rating in a report on Thursday, July 17th. Finally, Wall Street Zen cut shares of SharkNinja from a “buy” rating to a “hold” rating in a report on Sunday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, SharkNinja presently has an average rating of “Buy” and a consensus price target of $131.86.

SharkNinja Stock Down 0.2%

SharkNinja stock opened at $115.79 on Friday. The company has a market cap of $16.34 billion, a P/E ratio of 31.64, a price-to-earnings-growth ratio of 2.20 and a beta of 1.68. SharkNinja, Inc. has a 1-year low of $60.50 and a 1-year high of $128.51. The company has a fifty day simple moving average of $115.77 and a 200 day simple moving average of $97.71. The company has a current ratio of 1.94, a quick ratio of 1.20 and a debt-to-equity ratio of 0.32.

SharkNinja (NYSE:SN) last released its earnings results on Thursday, August 7th. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.19. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.38 billion. SharkNinja had a net margin of 8.82% and a return on equity of 28.78%. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.71 earnings per share. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. Research analysts anticipate that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

About SharkNinja

SharkNinja, Inc, a product design and technology company, engages in the provision of various solutions for consumers worldwide. It offers cleaning appliances, including corded and cordless vacuums, including handheld and robotic vacuums, as well as other floorcare products comprising steam mops, wet/dry cleaning floor products, and carpet extraction; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, carbonation, cookware, cutlery, kettles, toasters and bakeware; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, such as hair dryers and stylers, as well as home environment products comprising air purifiers and humidifiers.