Braun Stacey Associates Inc. Decreases Stake in SharkNinja, Inc. $SN

Braun Stacey Associates Inc. reduced its position in SharkNinja, Inc. (NYSE:SN) by 1.9% during the second quarter, HoldingsChannel reports. The fund owned 225,137 shares of the company’s stock after selling 4,423 shares during the quarter. Braun Stacey Associates Inc.’s holdings in SharkNinja were worth $34,282,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its stake in shares of SharkNinja by 21.8% in the first quarter. Royal Bank of Canada now owns 71,872 shares of the company’s stock worth $5,995,000 after purchasing an additional 12,851 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of SharkNinja during the 1st quarter valued at approximately $369,000. Goldman Sachs Group Inc. lifted its stake in shares of SharkNinja by 169.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 505,301 shares of the company’s stock valued at $42,147,000 after buying an additional 317,730 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in SharkNinja by 7.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 50,813 shares of the company’s stock worth $4,238,000 after buying an additional 3,632 shares during the period. Finally, Acadian Asset Management LLC bought a new position in SharkNinja in the 1st quarter worth approximately $656,000. Institutional investors own 34.77% of the company’s stock.

Insider Activity

In related news, insider Neil B. Shah sold 50,000 shares of SharkNinja stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $186.36, for a total transaction of $9,318,000.00. Following the completion of the sale, the insider owned 497,220 shares of the company’s stock, valued at approximately $92,661,919.20. This trade represents a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 100,000 shares of company stock valued at $18,613,911 in the last quarter. Company insiders own 40.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of SharkNinja from $170.00 to $207.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Canaccord Genuity Group raised their price target on SharkNinja from $185.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Guggenheim boosted their price objective on SharkNinja from $175.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Piper Sandler reissued an “overweight” rating and set a $200.00 price objective (up from $181.00) on shares of SharkNinja in a report on Thursday, August 6th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $204.00 target price on shares of SharkNinja in a research note 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 company’s stock. According to data from MarketBeat.com, SharkNinja presently has an average rating of “Moderate Buy” and a consensus target price of $188.59.

SharkNinja Stock Performance

SharkNinja stock opened at $191.53 on Friday. SharkNinja, Inc. has a 1-year low of $83.12 and a 1-year high of $194.54. The company has a current ratio of 2.08, a quick ratio of 1.45 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $26.98 billion, a PE ratio of 39.09, a price-to-earnings-growth ratio of 2.28 and a beta of 1.21. The firm’s 50 day simple moving average is $163.24 and its 200 day simple moving average is $132.69.

SharkNinja (NYSE:SN) last announced 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. The firm had revenue of $1.77 billion during 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 business’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same period last year, the firm earned $0.97 EPS. SharkNinja has set its FY 2026 guidance at 6.450-6.550 EPS. As a group, analysts expect that SharkNinja, Inc. will post 5.89 earnings per share for the current fiscal year.

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.