Royal Bank of Canada Boosts Stock Position in SharkNinja, Inc. $SN

Royal Bank of Canada boosted its stake in shares of SharkNinja, Inc. (NYSE:SN) by 96.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,000 shares of the company’s stock after acquiring an additional 36,318 shares during the quarter. Royal Bank of Canada’s holdings in SharkNinja were worth $7,837,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wealth High Governance Capital Ltda purchased a new position in SharkNinja in the 4th quarter valued at $17,072,000. Strs Ohio raised its position in SharkNinja by 23.8% during the 4th quarter. Strs Ohio now owns 201,795 shares of the company’s stock worth $22,581,000 after buying an additional 38,815 shares during the last quarter. Nicholas Company Inc. raised its position in SharkNinja by 30.3% during the 4th quarter. Nicholas Company Inc. now owns 116,041 shares of the company’s stock worth $12,985,000 after buying an additional 26,962 shares during the last quarter. Reynders McVeigh Capital Management LLC lifted its stake in shares of SharkNinja by 218.1% in the 4th quarter. Reynders McVeigh Capital Management LLC now owns 117,150 shares of the company’s stock worth $13,109,000 after acquiring an additional 80,325 shares during the period. Finally, K.J. Harrison & Partners Inc acquired a new stake in shares of SharkNinja in the 4th quarter worth $1,231,000. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SN has been the topic of a number of analyst reports. Guggenheim lifted their price target on SharkNinja from $175.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday. TD Cowen boosted their price target on SharkNinja from $160.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday. Weiss Ratings upgraded SharkNinja from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. Piper Sandler reaffirmed an “overweight” rating and issued a $200.00 price objective (up from $181.00) on shares of SharkNinja in a research note on Thursday. Finally, Oppenheimer raised their target price on shares of SharkNinja from $145.00 to $170.00 and gave the company an “outperform” rating in a report on Monday, July 13th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, SharkNinja has an average rating of “Moderate Buy” and an average price target of $185.82.

Insider Buying and Selling at SharkNinja

In other news, insider Neil B. Shah sold 29,667 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $186.76, for a total value of $5,540,608.92. Following the completion of the sale, the insider owned 61,099 shares of the company’s stock, valued at $11,410,849.24. This represents a 32.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 40.80% of the stock is owned by insiders.

SharkNinja Stock Performance

NYSE:SN opened at $185.40 on Tuesday. The company has a current ratio of 2.08, a quick ratio of 1.45 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $26.12 billion, a price-to-earnings ratio of 37.84, a PEG ratio of 2.24 and a beta of 1.21. The firm’s fifty day simple moving average is $147.63 and its 200 day simple moving average is $126.31. SharkNinja, Inc. has a twelve month low of $83.12 and a twelve month high of $187.63.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $1.26 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the firm earned $0.97 EPS. The firm’s quarterly revenue was up 22.2% compared to the same quarter last year. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. As a group, equities research analysts expect that SharkNinja, Inc. will post 5.77 earnings per share for the current fiscal year.

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.