GW&K Investment Management LLC Has $14.02 Million Stake in SharkNinja, Inc. $SN

GW&K Investment Management LLC lowered its position in SharkNinja, Inc. (NYSE:SN) by 43.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 135,892 shares of the company’s stock after selling 102,368 shares during the period. GW&K Investment Management LLC’s holdings in SharkNinja were worth $14,017,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Royal Bank of Canada increased its holdings in SharkNinja by 21.8% during the 1st quarter. Royal Bank of Canada now owns 71,872 shares of the company’s stock valued at $5,995,000 after purchasing an additional 12,851 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of SharkNinja in the first quarter valued at $369,000. Goldman Sachs Group Inc. increased its stake in shares of SharkNinja by 169.4% in the first quarter. Goldman Sachs Group Inc. now owns 505,301 shares of the company’s stock valued at $42,147,000 after buying an additional 317,730 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of SharkNinja by 7.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 50,813 shares of the company’s stock valued at $4,238,000 after buying an additional 3,632 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of SharkNinja in the first quarter valued at about $656,000. 34.77% of the stock is owned by institutional investors and hedge funds.

SharkNinja Stock Performance

Shares of SharkNinja stock opened at $111.05 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.04 and a quick ratio of 1.26. The firm has a market cap of $15.68 billion, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 1.52 and a beta of 1.39. The stock’s 50-day moving average is $121.39 and its 200-day moving average is $109.69. SharkNinja, Inc. has a one year low of $60.50 and a one year high of $133.99.

SharkNinja (NYSE:SN) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.15. SharkNinja had a return on equity of 30.71% and a net margin of 10.96%.The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period last year, the company earned $1.40 earnings per share. SharkNinja’s quarterly revenue was up 17.6% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 5.900-6.000 EPS. Equities analysts predict that SharkNinja, Inc. will post 4.52 earnings per share for the current fiscal year.

Insider Buying and Selling at SharkNinja

In other news, CFO Adam Quigley sold 2,620 shares of SharkNinja stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $114.36, for a total value of $299,623.20. Following the sale, the chief financial officer directly owned 8,673 shares in the company, valued at $991,844.28. This trade represents a 23.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.12% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on SN. 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 note on Friday, January 16th. Weiss Ratings reissued a “hold (c)” rating on shares of SharkNinja in a report on Monday, December 29th. TD Cowen reaffirmed a “buy” rating on shares of SharkNinja in a research note on Wednesday, January 14th. Bank of America boosted their price target on shares of SharkNinja from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Finally, Canaccord Genuity Group set a $160.00 price objective on shares of SharkNinja in a research note 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 MarketBeat, SharkNinja currently has a consensus rating of “Moderate Buy” and an average price target of $145.78.

SharkNinja 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.