Nicholas Company Inc. Grows Stock Position in SharkNinja, Inc. $SN

Nicholas Company Inc. lifted its stake in SharkNinja, Inc. (NYSE:SN) by 30.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 116,041 shares of the company’s stock after purchasing an additional 26,962 shares during the period. Nicholas Company Inc.’s holdings in SharkNinja were worth $12,985,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geneos Wealth Management Inc. acquired a new stake in SharkNinja in the third quarter valued at $29,000. Larson Financial Group LLC raised its stake in SharkNinja by 64.3% in the third quarter. Larson Financial Group LLC now owns 322 shares of the company’s stock valued at $33,000 after buying an additional 126 shares in the last quarter. Sunbelt Securities Inc. acquired a new stake in SharkNinja in the third quarter valued at $46,000. TFC Financial Management Inc. acquired a new stake in SharkNinja in the third quarter valued at $55,000. Finally, GAMMA Investing LLC raised its stake in SharkNinja by 24.3% in the fourth quarter. GAMMA Investing LLC now owns 562 shares of the company’s stock valued at $63,000 after buying an additional 110 shares in the last quarter. 34.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other SharkNinja news, CFO Adam Quigley sold 2,620 shares of SharkNinja stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $114.36, for a total value of $299,623.20. Following the sale, the chief financial officer owned 8,673 shares of the company’s stock, valued at approximately $991,844.28. The trade was a 23.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 11.12% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on SN shares. Jefferies Financial Group restated a “buy” rating on shares of SharkNinja in a research note on Wednesday. Oppenheimer raised their price target on SharkNinja from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Canaccord Genuity Group raised their price target on SharkNinja from $160.00 to $161.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Morgan Stanley set a $128.00 price target on SharkNinja in a research note on Thursday, February 12th. Finally, TD Cowen reiterated a “buy” rating on shares of SharkNinja in a research report on Wednesday, January 14th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $150.00.

SharkNinja Stock Performance

Shares of SN stock opened at $111.51 on Monday. The stock has a market capitalization of $15.78 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 1.49 and a beta of 1.37. SharkNinja, Inc. has a 52-week low of $80.69 and a 52-week high of $133.99. The stock’s 50-day moving average price is $111.57 and its 200 day moving average price is $110.23. The company has a quick ratio of 1.62, a current ratio of 2.38 and a debt-to-equity ratio of 0.25.

SharkNinja (NYSE:SN) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. SharkNinja had a return on equity of 29.07% and a net margin of 10.70%.The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the company earned $0.87 EPS. The firm’s revenue for the quarter was up 15.6% compared to the same quarter last year. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. As a group, equities research analysts forecast that SharkNinja, Inc. will post 5.77 EPS for the current year.

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.