California Public Employees Retirement System Acquires 25,405 Shares of SharkNinja, Inc. $SN

California Public Employees Retirement System increased its stake in SharkNinja, Inc. (NYSE:SN) by 23.3% in the first quarter, HoldingsChannel reports. The fund owned 134,656 shares of the company’s stock after purchasing an additional 25,405 shares during the period. California Public Employees Retirement System’s holdings in SharkNinja were worth $14,260,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in SharkNinja by 21.8% in the 1st quarter. Royal Bank of Canada now owns 71,872 shares of the company’s stock worth $5,995,000 after buying an additional 12,851 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in SharkNinja in the first quarter worth $369,000. Goldman Sachs Group Inc. boosted its holdings in SharkNinja by 169.4% in the first quarter. Goldman Sachs Group Inc. now owns 505,301 shares of the company’s stock valued at $42,147,000 after acquiring an additional 317,730 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in SharkNinja by 7.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 50,813 shares of the company’s stock valued at $4,238,000 after acquiring an additional 3,632 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in SharkNinja during the 1st quarter valued at $656,000. Hedge funds and other institutional investors own 34.77% of the company’s stock.

Analyst Upgrades and Downgrades

SN has been the subject of several research reports. Piper Sandler began coverage on shares of SharkNinja in a report on Tuesday, June 9th. They issued an “overweight” rating and a $150.00 price objective for the company. Canaccord Genuity Group boosted their price target on shares of SharkNinja from $161.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. increased their price target on shares of SharkNinja from $146.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Wall Street Zen lowered shares of SharkNinja from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Bank of America lifted their price objective on SharkNinja from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $164.80.

Insider Activity at SharkNinja

In other SharkNinja news, CFO Adam Quigley sold 6,923 shares of SharkNinja stock in a transaction 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 completion of the transaction, the chief financial officer directly owned 1,750 shares of the company’s stock, valued at $197,697.50. This trade represents a 79.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 40.80% of the stock is owned by company insiders.

SharkNinja Stock Performance

SN stock opened at $148.69 on Friday. The stock’s 50 day simple moving average is $135.43 and its 200 day simple moving average is $122.68. The company has a current ratio of 2.38, a quick ratio of 1.62 and a debt-to-equity ratio of 0.25. SharkNinja, Inc. has a 12-month low of $83.12 and a 12-month high of $156.87. The stock has a market capitalization of $21.04 billion, a PE ratio of 29.98, a price-to-earnings-growth ratio of 1.91 and a beta of 1.22.

SharkNinja (NYSE:SN) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. SharkNinja had a return on equity of 29.07% and a net margin of 10.70%.The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the business earned $0.87 earnings per share. SharkNinja’s revenue for the quarter was up 15.6% compared to the same quarter last year. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. As a group, research analysts forecast 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.