HighTower Advisors LLC Sells 717,901 Shares of SharkNinja, Inc. $SN

HighTower Advisors LLC reduced its stake in SharkNinja, Inc. (NYSE:SN) by 10.2% during the third quarter, HoldingsChannel reports. The firm owned 6,329,649 shares of the company’s stock after selling 717,901 shares during the quarter. SharkNinja accounts for about 0.7% of HighTower Advisors LLC’s investment portfolio, making the stock its 17th largest holding. HighTower Advisors LLC’s holdings in SharkNinja were worth $652,903,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in SharkNinja by 21.8% in the first quarter. Royal Bank of Canada now owns 71,872 shares of the company’s stock valued at $5,995,000 after buying an additional 12,851 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of SharkNinja in the 1st quarter valued at $369,000. Goldman Sachs Group Inc. boosted its holdings in shares of SharkNinja by 169.4% during the 1st 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 increased its holdings in SharkNinja by 7.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 50,813 shares of the company’s stock worth $4,238,000 after purchasing an additional 3,632 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in SharkNinja in the first quarter valued at about $656,000. 34.77% of the stock is currently owned by institutional investors and hedge funds.

SharkNinja Stock Performance

Shares of SN stock opened at $130.86 on Friday. The firm has a 50 day moving average of $118.27 and a 200-day moving average of $108.91. The company has a market cap of $18.47 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 1.68 and a beta of 1.41. The company has a quick ratio of 1.26, a current ratio of 1.96 and a debt-to-equity ratio of 0.29. SharkNinja, Inc. has a 52 week low of $60.50 and a 52 week high of $132.47.

SharkNinja (NYSE:SN) last issued its 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 net margin of 10.96% and a return on equity of 32.30%. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.09 billion. During the same period in the prior year, the firm earned $1.40 earnings per share. SharkNinja’s revenue was up 17.6% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 5.900-6.000 EPS. On average, equities analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SN. Guggenheim boosted their price target on SharkNinja from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday. Oppenheimer boosted their target price on shares of SharkNinja from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday. JPMorgan Chase & Co. lifted their price target on shares of SharkNinja from $126.00 to $142.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Bank of America boosted their price objective on shares of SharkNinja from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of SharkNinja in a research report on Monday, December 29th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $145.78.

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.