Wolf Hill Capital Management LP Reduces Holdings in SharkNinja, Inc. $SN

Wolf Hill Capital Management LP reduced its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 73.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 177,322 shares of the company’s stock after selling 489,597 shares during the quarter. SharkNinja makes up 2.2% of Wolf Hill Capital Management LP’s investment portfolio, making the stock its 11th largest position. Wolf Hill Capital Management LP owned approximately 0.13% of SharkNinja worth $19,842,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SN. Parsifal Capital Management LP purchased a new position in SharkNinja during the 3rd quarter valued at about $111,773,000. Morgan Stanley increased its holdings in SharkNinja by 191.3% during the 4th quarter. Morgan Stanley now owns 1,080,326 shares of the company’s stock valued at $120,889,000 after acquiring an additional 709,494 shares in the last quarter. Disciplined Growth Investors Inc. MN purchased a new position in SharkNinja during the 2nd quarter valued at about $46,048,000. CI Investments Inc. increased its holdings in SharkNinja by 172,766.9% during the 4th quarter. CI Investments Inc. now owns 459,826 shares of the company’s stock valued at $51,455,000 after acquiring an additional 459,560 shares in the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in SharkNinja during the 3rd quarter valued at about $46,772,000. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

SharkNinja Stock Performance

Shares of NYSE SN opened at $133.73 on Monday. The company has a market cap of $18.93 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 1.80 and a beta of 1.35. SharkNinja, Inc. has a 12 month low of $80.69 and a 12 month high of $138.00. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.38 and a quick ratio of 1.62. The company has a 50-day simple moving average of $115.27 and a 200-day simple moving average of $114.97.

SharkNinja (NYSE:SN) last released its earnings results on Wednesday, May 6th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.08. SharkNinja had a net margin of 10.70% and a return on equity of 29.07%. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the company earned $0.87 earnings per share. The company’s quarterly revenue was up 15.6% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. On average, equities analysts anticipate that SharkNinja, Inc. will post 5.74 earnings per share for the current year.

Insider Activity

In related news, CFO Adam Quigley sold 6,923 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $112.97, for a total value of $782,091.31. Following the sale, the chief financial officer directly owned 1,750 shares of the company’s stock, valued at approximately $197,697.50. This trade represents a 79.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 40.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on SN shares. Piper Sandler started coverage on shares of SharkNinja in a report on Tuesday, June 9th. They set an “overweight” rating and a $150.00 price target for the company. Jefferies Financial Group reiterated a “buy” rating on shares of SharkNinja in a report on Wednesday, May 6th. JPMorgan Chase & Co. lifted their price target on shares of SharkNinja from $144.00 to $146.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of SharkNinja in a report on Friday, April 10th. Finally, Wall Street Zen downgraded shares of SharkNinja from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $150.00.

SharkNinja Company 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.