Handelsbanken Fonder AB Grows Stock Holdings in SharkNinja, Inc. $SN

Handelsbanken Fonder AB raised its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 64.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,500 shares of the company’s stock after acquiring an additional 8,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in SharkNinja were worth $2,115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Boothe Investment Group Inc. grew its position in shares of SharkNinja by 0.4% in the third quarter. Boothe Investment Group Inc. now owns 31,666 shares of the company’s stock valued at $3,266,000 after purchasing an additional 127 shares in the last quarter. Keybank National Association OH boosted its stake in SharkNinja by 3.6% in the 3rd quarter. Keybank National Association OH now owns 5,470 shares of the company’s stock worth $564,000 after purchasing an additional 188 shares during the period. Forum Financial Management LP grew its holdings in SharkNinja by 8.2% during the 3rd quarter. Forum Financial Management LP now owns 2,497 shares of the company’s stock valued at $258,000 after buying an additional 190 shares in the last quarter. Kornitzer Capital Management Inc. KS increased its position 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 buying an additional 197 shares during the period. Finally, Savant Capital LLC lifted its holdings in shares of SharkNinja by 3.5% in the third quarter. Savant Capital LLC now owns 6,792 shares of the company’s stock worth $701,000 after buying an additional 232 shares in the last quarter. 34.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

SN has been the subject of several recent analyst reports. Oppenheimer boosted their price objective on shares of SharkNinja from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Wall Street Zen lowered shares of SharkNinja from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of SharkNinja in a research report on Monday, December 29th. Jefferies Financial Group reissued a “buy” rating and set a $200.00 price objective on shares of SharkNinja in a research note on Wednesday, February 11th. Finally, TD Cowen restated a “buy” rating on shares of SharkNinja in a research note on Wednesday, January 14th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, SharkNinja currently has an average rating of “Moderate Buy” and a consensus price target of $145.78.

SharkNinja Stock Down 0.8%

Shares of NYSE:SN opened at $114.84 on Thursday. The firm has a market capitalization of $16.21 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 1.54 and a beta of 1.39. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.26 and a current ratio of 2.04. SharkNinja, Inc. has a 52-week low of $60.50 and a 52-week high of $133.99. The firm has a fifty day moving average of $121.42 and a 200 day moving average of $109.72.

SharkNinja (NYSE:SN) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.15. SharkNinja had a return on equity of 30.71% and a net margin of 10.96%.The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same quarter in the previous year, the company posted $1.40 earnings per share. The company’s revenue was up 17.6% compared to the same quarter last year. SharkNinja has set its FY 2026 guidance at 5.900-6.000 EPS. As a group, research analysts anticipate that SharkNinja, Inc. will post 4.52 EPS for the current fiscal year.

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.