Public Employees Retirement System of Ohio Takes $3.72 Million Position in SharkNinja, Inc. $SN

Public Employees Retirement System of Ohio purchased a new position in shares of SharkNinja, Inc. (NYSE:SN) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 24,408 shares of the company’s stock, valued at approximately $3,717,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Clearstead Trust LLC bought a new stake in shares of SharkNinja in the second quarter worth $30,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in SharkNinja during the 1st quarter valued at approximately $27,000. Transamerica Financial Advisors LLC increased its position in SharkNinja by 459.3% during the 4th quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company’s stock valued at $34,000 after purchasing an additional 248 shares during the period. Larson Financial Group LLC raised its holdings in SharkNinja by 64.3% during the 3rd quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock worth $33,000 after purchasing an additional 126 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in SharkNinja during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

SharkNinja Price Performance

SharkNinja stock opened at $174.65 on Friday. The stock has a market capitalization of $24.60 billion, a price-to-earnings ratio of 35.64, a PEG ratio of 2.07 and a beta of 1.24. SharkNinja, Inc. has a 52-week low of $83.12 and a 52-week high of $194.54. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.45 and a current ratio of 2.08. The stock’s 50 day moving average price is $166.45 and its two-hundred day moving average price is $134.28.

SharkNinja (NYSE:SN) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.15. SharkNinja had a net margin of 10.06% and a return on equity of 27.79%. The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the previous year, the business posted $0.97 EPS. SharkNinja’s revenue for the quarter was up 22.2% compared to the same quarter last year. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. On average, equities analysts predict that SharkNinja, Inc. will post 5.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SN. TD Cowen upped their price objective on shares of SharkNinja from $160.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, August 7th. The Goldman Sachs Group reissued a “buy” rating and set a $204.00 target price on shares of SharkNinja in a research note on Thursday, August 6th. Guggenheim boosted their target price on shares of SharkNinja from $175.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Wall Street Zen raised shares of SharkNinja from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, UBS Group reiterated a “buy” rating and set a $219.10 price target on shares of SharkNinja in a report on Wednesday, August 12th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $188.59.

Insider Buying and Selling

In other SharkNinja news, insider Neil Shah sold 50,000 shares of SharkNinja stock in a transaction on 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 completion of the sale, the insider directly owned 497,220 shares of the company’s stock, valued at approximately $92,661,919.20. The trade was a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 100,000 shares of company stock valued at $18,613,911 in the last ninety days. Company insiders own 40.80% of the company’s stock.

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.