SharkNinja, Inc. $SN Shares Sold by Wolf Hill Capital Management LP

Wolf Hill Capital Management LP lowered its stake in SharkNinja, Inc. (NYSE:SN) by 44.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 666,919 shares of the company’s stock after selling 533,793 shares during the quarter. SharkNinja comprises 6.3% of Wolf Hill Capital Management LP’s investment portfolio, making the stock its 6th largest holding. Wolf Hill Capital Management LP’s holdings in SharkNinja were worth $68,793,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

SN has been the subject of several research reports. Bank of America raised their target price on SharkNinja from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Guggenheim increased their price target on SharkNinja from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Canaccord Genuity Group set a $160.00 price objective on SharkNinja in a research note on Thursday, February 12th. Cantor Fitzgerald restated an “outperform” rating on shares of SharkNinja in a report on Wednesday, December 17th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of SharkNinja in a research report on Monday, December 29th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, SharkNinja presently has an average rating of “Moderate Buy” and an average target price of $145.78.

Insider Activity at SharkNinja

In other news, CFO Adam Quigley sold 2,620 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $114.36, for a total value of $299,623.20. Following the transaction, the chief financial officer 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 through this hyperlink. 11.12% of the stock is currently owned by company insiders.

SharkNinja Stock Up 1.2%

Shares of NYSE:SN traded up $1.26 during midday trading on Friday, hitting $102.94. 627,338 shares of the company’s stock were exchanged, compared to its average volume of 1,680,356. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.04 and a quick ratio of 1.47. SharkNinja, Inc. has a 12 month low of $60.50 and a 12 month high of $133.99. The company has a market cap of $14.54 billion, a PE ratio of 20.83, a price-to-earnings-growth ratio of 1.47 and a beta of 1.39. The stock has a 50 day moving average price of $121.07 and a 200-day moving average price of $109.44.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.15. The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.09 billion. SharkNinja had a net margin of 10.96% and a return on equity of 30.71%. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.40 EPS. SharkNinja has set its FY 2026 guidance at 5.900-6.000 EPS. On average, sell-side analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current fiscal 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.