Handelsbanken Fonder AB Purchases 5,100 Shares of SharkNinja, Inc. $SN

Handelsbanken Fonder AB lifted its position in SharkNinja, Inc. (NYSE:SN) by 18.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,200 shares of the company’s stock after buying an additional 5,100 shares during the quarter. Handelsbanken Fonder AB’s holdings in SharkNinja were worth $4,903,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in SharkNinja in the 1st quarter valued at $27,000. Transamerica Financial Advisors LLC lifted its position in SharkNinja by 459.3% during the 4th quarter. Transamerica Financial Advisors LLC now owns 302 shares of the company’s stock worth $34,000 after acquiring an additional 248 shares during the last quarter. Larson Financial Group LLC boosted its holdings in SharkNinja by 64.3% during the third quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock valued at $33,000 after acquiring an additional 126 shares during the period. Los Angeles Capital Management LLC bought a new stake in SharkNinja during the fourth quarter valued at about $38,000. Finally, Sunbelt Securities Inc. acquired a new stake in shares of SharkNinja in the third quarter valued at about $46,000. 34.77% of the stock is owned by institutional investors.

SharkNinja Stock Down 2.3%

NYSE SN opened at $184.25 on Friday. SharkNinja, Inc. has a twelve month low of $83.12 and a twelve month high of $191.22. The stock has a market cap of $25.96 billion, a PE ratio of 37.60, a PEG ratio of 2.23 and a beta of 1.21. The firm has a 50-day simple moving average of $152.84 and a 200 day simple moving average of $128.06. 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 posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.26 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the prior year, the firm posted $0.97 EPS. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. On average, research analysts forecast that SharkNinja, Inc. will post 5.89 EPS for the current year.

Insider Activity at SharkNinja

In related news, insider Neil B. Shah sold 29,667 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $186.76, for a total value of $5,540,608.92. Following the completion of the transaction, the insider directly owned 61,099 shares of the company’s stock, valued at $11,410,849.24. This trade represents a 32.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 40.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on SN shares. Oppenheimer boosted their price objective on SharkNinja from $145.00 to $170.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Weiss Ratings raised SharkNinja from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $204.00 price target on shares of SharkNinja in a research report on Thursday, August 6th. TD Cowen upped their price target on SharkNinja from $160.00 to $205.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Finally, Bank of America increased their price objective on SharkNinja from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Twelve research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $188.59.

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.