Wellington Management Group LLP Boosts Position in SharkNinja, Inc. $SN

Wellington Management Group LLP lifted its holdings in shares of SharkNinja, Inc. (NYSE:SN) by 228.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 339,476 shares of the company’s stock after acquiring an additional 236,184 shares during the quarter. Wellington Management Group LLP’s holdings in SharkNinja were worth $51,692,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. FIL Ltd boosted its holdings in SharkNinja by 2.2% in the fourth quarter. FIL Ltd now owns 2,268,418 shares of the company’s stock valued at $253,836,000 after acquiring an additional 48,163 shares in the last quarter. Palestra Capital Management LLC raised its holdings in SharkNinja by 10.3% in the 3rd quarter. Palestra Capital Management LLC now owns 1,388,046 shares of the company’s stock worth $143,177,000 after purchasing an additional 130,121 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of SharkNinja by 39.3% in the 2nd quarter. Alliancebernstein L.P. now owns 1,337,735 shares of the company’s stock worth $132,422,000 after purchasing an additional 377,544 shares during the period. Parsifal Capital Management LP purchased a new stake in shares of SharkNinja in the 3rd quarter worth about $111,773,000. Finally, Morgan Stanley boosted its stake in shares of SharkNinja by 191.3% during the 4th quarter. Morgan Stanley now owns 1,080,326 shares of the company’s stock valued at $120,889,000 after purchasing an additional 709,494 shares in the last quarter. Hedge funds and other institutional investors own 34.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group reiterated a “buy” rating and set a $204.00 price target on shares of SharkNinja in a research report on Thursday, August 6th. Oppenheimer raised their price objective on shares of SharkNinja from $145.00 to $170.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. UBS Group reaffirmed a “buy” rating and set a $219.10 price objective on shares of SharkNinja in a research report on Wednesday, August 12th. Piper Sandler reiterated an “overweight” rating and set a $200.00 target price (up from $181.00) on shares of SharkNinja in a report on Thursday, August 6th. Finally, Guggenheim increased their target price on SharkNinja from $175.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $188.59.

Insider Transactions at SharkNinja

In other news, insider Neil Shah sold 50,000 shares of the company’s stock in a transaction that occurred 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 transaction, the insider owned 497,220 shares in the company, valued at approximately $92,661,919.20. This represents a 9.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold 100,000 shares of company stock valued at $18,613,911 over the last three months. 40.80% of the stock is currently owned by insiders.

SharkNinja Price Performance

Shares of NYSE SN opened at $174.65 on Friday. The company has a 50 day simple moving average of $166.45 and a two-hundred day simple moving average of $134.28. SharkNinja, Inc. has a fifty-two week low of $83.12 and a fifty-two week high of $194.54. The company has a market capitalization of $24.60 billion, a price-to-earnings ratio of 35.64, a P/E/G ratio of 2.07 and a beta of 1.24. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.45 and a current ratio of 2.08.

SharkNinja (NYSE:SN) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.15. SharkNinja had a return on equity of 27.79% and a net margin of 10.06%.The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the previous year, the firm posted $0.97 EPS. The business’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. Analysts expect that SharkNinja, Inc. will post 5.89 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.