Highland Peak Capital LLC Acquires 51,223 Shares of SharkNinja, Inc. $SN

Highland Peak Capital LLC boosted its holdings in SharkNinja, Inc. (NYSE:SN) by 14.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 395,629 shares of the company’s stock after acquiring an additional 51,223 shares during the quarter. SharkNinja accounts for approximately 13.4% of Highland Peak Capital LLC’s investment portfolio, making the stock its biggest holding. Highland Peak Capital LLC’s holdings in SharkNinja were worth $40,809,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SN. Boothe Investment Group Inc. raised its stake in shares of SharkNinja by 0.4% in the third quarter. Boothe Investment Group Inc. now owns 31,666 shares of the company’s stock worth $3,266,000 after purchasing an additional 127 shares during the last quarter. Keybank National Association OH grew its holdings in SharkNinja by 3.6% during the third quarter. Keybank National Association OH now owns 5,470 shares of the company’s stock worth $564,000 after buying an additional 188 shares in the last quarter. Forum Financial Management LP grew its holdings in SharkNinja by 8.2% during the third quarter. Forum Financial Management LP now owns 2,497 shares of the company’s stock worth $258,000 after buying an additional 190 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its position in SharkNinja by 3.2% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 6,295 shares of the company’s stock valued at $649,000 after buying an additional 197 shares during the last quarter. Finally, Savant Capital LLC lifted its stake in SharkNinja by 3.5% during the 3rd quarter. Savant Capital LLC now owns 6,792 shares of the company’s stock valued at $701,000 after acquiring an additional 232 shares in the last quarter. 34.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

SN has been the subject of several recent analyst reports. TD Cowen reiterated a “buy” rating on shares of SharkNinja in a research note on Wednesday, January 14th. Morgan Stanley set a $128.00 price objective on shares of SharkNinja in a research report on Thursday, February 12th. Oppenheimer increased their price objective on shares of SharkNinja from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. JPMorgan Chase & Co. lifted their target price on shares of SharkNinja from $126.00 to $142.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of SharkNinja in a report on Monday, December 29th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.78.

SharkNinja Stock Performance

Shares of SN stock opened at $114.84 on Thursday. The firm has a market cap of $16.21 billion, a price-to-earnings ratio of 23.25, a P/E/G ratio of 1.54 and a beta of 1.39. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.26 and a current ratio of 2.04. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $133.99. The firm’s 50-day simple moving average is $121.42 and its two-hundred day simple moving average is $109.72.

SharkNinja (NYSE:SN) last released its earnings results on Wednesday, February 11th. The company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.15. SharkNinja had a net margin of 10.96% and a return on equity of 30.71%. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the prior year, the firm earned $1.40 EPS. The company’s revenue was up 17.6% compared to the same quarter last year. SharkNinja has set its FY 2026 guidance at 5.900-6.000 EPS. As a group, equities analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

About SharkNinja

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.