New Mexico Educational Retirement Board Purchases New Position in SharkNinja, Inc. $SN

New Mexico Educational Retirement Board purchased a new stake in shares of SharkNinja, Inc. (NYSE:SN) in the second quarter, Holdings Channel.com reports. The firm purchased 14,600 shares of the company’s stock, valued at approximately $2,223,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Parsifal Capital Management LP purchased a new stake in shares of SharkNinja in the third quarter worth approximately $111,773,000. Munro Partners boosted its position in shares of SharkNinja by 2,371.9% during the fourth quarter. Munro Partners now owns 784,586 shares of the company’s stock valued at $87,795,000 after buying an additional 752,846 shares during the last quarter. Morgan Stanley grew its holdings in SharkNinja by 191.3% during the fourth quarter. Morgan Stanley now owns 1,080,326 shares of the company’s stock worth $120,889,000 after buying an additional 709,494 shares in the last quarter. Evercore Wealth Management LLC bought a new stake in SharkNinja during the fourth quarter worth $60,164,000. Finally, Bank of New York Mellon Corp purchased a new stake in SharkNinja in the 2nd quarter valued at $81,134,000. 34.77% of the stock is owned by institutional investors.

Insider Buying and Selling

In other SharkNinja news, insider Neil B. Shah sold 50,000 shares of the business’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $186.36, for a total value of $9,318,000.00. Following the transaction, the insider directly owned 497,220 shares in the company, valued at $92,661,919.20. The trade was a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 100,000 shares of company stock valued at $18,613,911 over the last 90 days. Insiders own 40.80% of the company’s stock.

SharkNinja Trading Up 0.2%

Shares of SharkNinja stock opened at $191.53 on Monday. The firm has a market cap of $26.98 billion, a PE ratio of 39.09, a P/E/G ratio of 2.26 and a beta of 1.21. SharkNinja, Inc. has a 1 year low of $83.12 and a 1 year high of $194.54. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.08 and a quick ratio of 1.45. The stock has a fifty day moving average price of $163.24 and a 200-day moving average price of $132.78.

SharkNinja (NYSE:SN) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.15. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.65 billion. SharkNinja had a net margin of 10.06% and a return on equity of 27.79%. The firm’s quarterly revenue was up 22.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.97 EPS. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. Equities research analysts anticipate that SharkNinja, Inc. will post 5.89 EPS for the current year.

Wall Street Analysts Forecast Growth

SN has been the topic of several recent analyst reports. Oppenheimer raised their price objective on SharkNinja from $145.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. Bank of America increased their target price on shares of SharkNinja from $145.00 to $165.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. JPMorgan Chase & Co. raised their price target on shares of SharkNinja from $170.00 to $207.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Weiss Ratings raised shares of SharkNinja from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 17th. Finally, Piper Sandler restated an “overweight” rating and set a $200.00 price target (up from $181.00) on shares of SharkNinja in a report on Thursday, August 6th. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, SharkNinja has a consensus rating of “Moderate Buy” and a consensus target price of $188.59.

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.