California State Teachers Retirement System Grows Position in SharkNinja, Inc. $SN

California State Teachers Retirement System boosted its position in shares of SharkNinja, Inc. (NYSE:SN) by 360,969.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,486,425 shares of the company’s stock after buying an additional 16,481,859 shares during the period. California State Teachers Retirement System owned 11.70% of SharkNinja worth $2,510,388,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FIL Ltd boosted its holdings in shares of SharkNinja by 2.2% in the fourth quarter. FIL Ltd now owns 2,268,418 shares of the company’s stock valued at $253,836,000 after acquiring an additional 48,163 shares during the period. Palestra Capital Management LLC increased its holdings in shares of SharkNinja by 10.3% in the 3rd quarter. Palestra Capital Management LLC now owns 1,388,046 shares of the company’s stock valued at $143,177,000 after acquiring an additional 130,121 shares during the period. Alliancebernstein L.P. increased its holdings in shares of SharkNinja by 39.3% in the 2nd quarter. Alliancebernstein L.P. now owns 1,337,735 shares of the company’s stock valued at $132,422,000 after acquiring an additional 377,544 shares during the period. Parsifal Capital Management LP purchased a new stake in SharkNinja in the 3rd quarter valued at $111,773,000. Finally, Morgan Stanley raised its position in SharkNinja by 191.3% in the 4th quarter. Morgan Stanley now owns 1,080,326 shares of the company’s stock valued at $120,889,000 after purchasing an additional 709,494 shares during the last quarter. Hedge funds and other institutional investors own 34.77% of the company’s stock.

SharkNinja Stock Performance

NYSE:SN opened at $162.70 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.08 and a quick ratio of 1.45. The firm has a market cap of $22.92 billion, a price-to-earnings ratio of 33.20, a price-to-earnings-growth ratio of 2.00 and a beta of 1.24. The firm’s fifty day moving average price is $168.58 and its 200 day moving average price is $135.72. SharkNinja, Inc. has a 1-year low of $83.12 and a 1-year high of $194.54.

SharkNinja (NYSE:SN) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.15. SharkNinja had a net margin of 10.06% and a return on equity of 27.79%. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. SharkNinja’s quarterly revenue was up 22.2% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. On average, sell-side analysts expect that SharkNinja, Inc. will post 5.89 EPS for the current year.

Insider Activity

In related news, insider Neil Shah sold 50,000 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $186.36, for a total transaction of $9,318,000.00. Following the completion of the transaction, the insider directly owned 497,220 shares of the company’s stock, valued at $92,661,919.20. This represents a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold 100,000 shares of company stock worth $18,613,911 in the last quarter. Insiders own 40.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SN. Guggenheim raised their price objective on shares of SharkNinja from $175.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $204.00 target price on shares of SharkNinja in a report on Thursday, August 6th. Piper Sandler reissued an “overweight” rating and set a $200.00 price target (up from $181.00) on shares of SharkNinja in a report on Thursday, August 6th. Canaccord Genuity Group raised their price target on SharkNinja from $185.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, TD Cowen boosted their price target on SharkNinja from $160.00 to $205.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Twelve research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $188.59.

SharkNinja Company Profile

SharkNinja, Inc is a global product design and technology company that develops and markets consumer appliances and household products. Its portfolio is organized primarily around the Shark and Ninja brands, which are sold through retailers, e-commerce channels and other distribution partners.

Shark products include vacuum cleaners, floor-care systems, air purifiers, beauty appliances and other home-cleaning solutions. Ninja products include blenders, food processors, air fryers, coffee and beverage systems, cookware, ovens, grills and other kitchen appliances.