Norges Bank Buys Shares of 319,088 SharkNinja, Inc. $SN

Norges Bank bought a new stake in shares of SharkNinja, Inc. (NYSE:SN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 319,088 shares of the company’s stock, valued at approximately $35,706,000.

A number of other hedge funds have also made changes to their positions in SN. Royal Bank of Canada raised its holdings in shares of SharkNinja by 21.8% during the first quarter. Royal Bank of Canada now owns 71,872 shares of the company’s stock valued at $5,995,000 after acquiring an additional 12,851 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of SharkNinja during the first quarter valued at approximately $369,000. Goldman Sachs Group Inc. raised its holdings in shares of SharkNinja by 169.4% during the first quarter. Goldman Sachs Group Inc. now owns 505,301 shares of the company’s stock valued at $42,147,000 after acquiring an additional 317,730 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of SharkNinja by 7.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 50,813 shares of the company’s stock valued at $4,238,000 after acquiring an additional 3,632 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of SharkNinja during the first quarter valued at approximately $656,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

SharkNinja Price Performance

NYSE:SN opened at $118.37 on Tuesday. SharkNinja, Inc. has a one year low of $80.69 and a one year high of $133.99. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.62 and a current ratio of 2.38. The stock has a market cap of $16.75 billion, a PE ratio of 23.87, a P/E/G ratio of 1.61 and a beta of 1.35. The stock has a 50 day moving average price of $112.99 and a 200 day moving average price of $113.71.

SharkNinja (NYSE:SN) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.01 by $0.08. SharkNinja had a return on equity of 29.07% and a net margin of 10.70%.The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter last year, the firm earned $0.87 earnings per share. The business’s revenue for the quarter was up 15.6% on a year-over-year basis. SharkNinja has set its FY 2026 guidance at 6.000-6.10 EPS. Equities research analysts expect that SharkNinja, Inc. will post 5.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Morgan Stanley set a $128.00 target price on SharkNinja in a report on Thursday, February 12th. Oppenheimer increased their target price on SharkNinja from $140.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Jefferies Financial Group reaffirmed a “buy” rating on shares of SharkNinja in a report on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of SharkNinja in a report on Friday, April 10th. Finally, Guggenheim increased their price target on SharkNinja from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $150.00.

Insider Activity at SharkNinja

In other SharkNinja news, CFO Adam Quigley sold 6,923 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $112.97, for a total transaction of $782,091.31. Following the completion of the sale, the chief financial officer owned 1,750 shares of the company’s stock, valued at $197,697.50. This trade represents a 79.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 40.80% of the company’s stock.

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.