SharkNinja (NYSE:SN) Hits New 12-Month High – Here’s Why

SharkNinja, Inc. (NYSE:SN)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $133.99 and last traded at $131.43, with a volume of 1384314 shares changing hands. The stock had previously closed at $131.06.

Wall Street Analysts Forecast Growth

SN has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of SharkNinja in a research note on Monday, December 29th. Cantor Fitzgerald reiterated an “outperform” rating on shares of SharkNinja in a research report on Wednesday, December 17th. JPMorgan Chase & Co. upped their price target on SharkNinja from $126.00 to $142.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Morgan Stanley set a $128.00 price objective on shares of SharkNinja in a report on Thursday, February 12th. Finally, Canaccord Genuity Group set a $160.00 target price on shares of SharkNinja in a report on Thursday, February 12th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $145.78.

SharkNinja Price Performance

The company has a quick ratio of 1.26, a current ratio of 1.96 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $18.55 billion, a P/E ratio of 26.61, a PEG ratio of 1.78 and a beta of 1.41. The business has a 50 day simple moving average of $119.14 and a 200-day simple moving average of $109.09.

SharkNinja (NYSE:SN) last released its quarterly earnings results on Wednesday, February 11th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.78 by $0.15. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.09 billion. SharkNinja had a net margin of 10.96% and a return on equity of 32.30%. The company’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.40 earnings per share. SharkNinja has set its FY 2026 guidance at 5.900-6.000 EPS. Analysts predict that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

Hedge Funds Weigh In On SharkNinja

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP boosted its position in SharkNinja by 5.2% during the 3rd quarter. Allworth Financial LP now owns 1,936 shares of the company’s stock worth $200,000 after acquiring an additional 96 shares during the period. World Investment Advisors raised its stake in shares of SharkNinja by 3.0% during the second quarter. World Investment Advisors now owns 3,312 shares of the company’s stock valued at $328,000 after purchasing an additional 98 shares in the last quarter. Xponance LLC lifted its holdings in SharkNinja by 1.9% in the fourth quarter. Xponance LLC now owns 5,584 shares of the company’s stock worth $625,000 after purchasing an additional 106 shares during the period. GAMMA Investing LLC grew its position in SharkNinja by 24.3% in the 4th quarter. GAMMA Investing LLC now owns 562 shares of the company’s stock valued at $63,000 after buying an additional 110 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in SharkNinja by 16.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 864 shares of the company’s stock valued at $97,000 after buying an additional 123 shares during the period. 34.77% of the stock is owned by institutional investors.

SharkNinja Company 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.