Braun Stacey Associates Inc. Sells 4,423 Shares of SharkNinja, Inc. $SN

Braun Stacey Associates Inc. reduced its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 1.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 225,137 shares of the company’s stock after selling 4,423 shares during the quarter. Braun Stacey Associates Inc. owned 0.16% of SharkNinja worth $34,282,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada lifted its position in SharkNinja by 21.8% in the 1st quarter. Royal Bank of Canada now owns 71,872 shares of the company’s stock valued at $5,995,000 after acquiring an additional 12,851 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in SharkNinja during the 1st quarter valued at about $369,000. Goldman Sachs Group Inc. increased its holdings in SharkNinja by 169.4% during the 1st 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in SharkNinja by 7.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 50,813 shares of the company’s stock worth $4,238,000 after purchasing an additional 3,632 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in SharkNinja during the 1st quarter worth approximately $656,000. 34.77% of the stock is owned by institutional investors.

SharkNinja Stock Performance

Shares of SharkNinja stock opened at $191.53 on Friday. The business’s fifty day simple moving average is $163.24 and its 200 day simple moving average is $132.69. The firm has a market capitalization of $26.98 billion, a P/E ratio of 39.09, a price-to-earnings-growth ratio of 2.28 and a beta of 1.21. SharkNinja, Inc. has a 12 month low of $83.12 and a 12 month high of $194.54. The company has a current ratio of 2.08, a quick ratio of 1.45 and a debt-to-equity ratio of 0.24.

SharkNinja (NYSE:SN) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.26 earnings per share for the quarter, topping the consensus estimate 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 previous year, the firm earned $0.97 earnings per share. The business’s revenue 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, analysts anticipate that SharkNinja, Inc. will post 5.89 EPS for the current year.

Insider Activity

In related news, insider Neil B. Shah sold 50,000 shares of SharkNinja stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $186.36, for a total value of $9,318,000.00. Following the sale, the insider owned 497,220 shares of the company’s stock, valued at approximately $92,661,919.20. The trade was a 9.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 100,000 shares of company stock worth $18,613,911. Company insiders own 40.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Guggenheim upped their price target on SharkNinja from $175.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. UBS Group restated a “buy” rating and set a $219.10 price objective on shares of SharkNinja in a research note on Wednesday, August 12th. Canaccord Genuity Group lifted their price objective on shares of SharkNinja from $185.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. JPMorgan Chase & Co. increased their target price on shares of SharkNinja from $170.00 to $207.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of SharkNinja in a research report on Wednesday, May 6th. Twelve research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, SharkNinja presently has a consensus rating of “Moderate Buy” and a consensus price target of $188.59.

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.