The Manufacturers Life Insurance Company Acquires 185,146 Shares of SharkNinja, Inc. $SN

The Manufacturers Life Insurance Company lifted its stake in SharkNinja, Inc. (NYSE:SN) by 7,895.4% in the 1st quarter, HoldingsChannel reports. The firm owned 187,491 shares of the company’s stock after acquiring an additional 185,146 shares during the period. The Manufacturers Life Insurance Company’s holdings in SharkNinja were worth $19,855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. FIL Ltd grew its holdings in SharkNinja by 2.2% during the fourth quarter. FIL Ltd now owns 2,268,418 shares of the company’s stock valued at $253,836,000 after purchasing an additional 48,163 shares during the period. Palestra Capital Management LLC raised its stake in shares of SharkNinja by 10.3% in the third quarter. Palestra Capital Management LLC now owns 1,388,046 shares of the company’s stock worth $143,177,000 after buying an additional 130,121 shares during the period. Alliancebernstein L.P. grew its stake in shares of SharkNinja by 39.3% during the 2nd quarter. Alliancebernstein L.P. now owns 1,337,735 shares of the company’s stock valued at $132,422,000 after acquiring an additional 377,544 shares during the period. Parsifal Capital Management LP bought a new position in shares of SharkNinja during the 3rd quarter valued at approximately $111,773,000. Finally, Morgan Stanley increased its holdings in SharkNinja by 191.3% in the 4th quarter. Morgan Stanley now owns 1,080,326 shares of the company’s stock worth $120,889,000 after acquiring an additional 709,494 shares in the last quarter. 34.77% of the stock is owned by institutional investors.

SharkNinja Stock Performance

SN opened at $162.18 on Friday. The stock has a market capitalization of $22.95 billion, a price-to-earnings ratio of 32.70, a PEG ratio of 2.12 and a beta of 1.22. The company has a fifty day moving average of $140.60 and a 200 day moving average of $124.13. SharkNinja, Inc. has a fifty-two week low of $83.12 and a fifty-two week high of $164.37. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.62 and a current ratio of 2.38.

SharkNinja (NYSE:SN) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. SharkNinja had a net margin of 10.70% and a return on equity of 29.07%. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the company earned $0.87 EPS. The business’s quarterly revenue 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, sell-side analysts forecast that SharkNinja, Inc. will post 5.77 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Adam Quigley sold 6,923 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $112.97, for a total value of $782,091.31. Following the sale, the chief financial officer directly owned 1,750 shares in the company, valued at approximately $197,697.50. The trade was a 79.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 40.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SN. Jefferies Financial Group reiterated a “buy” rating on shares of SharkNinja in a research report on Wednesday, May 6th. JPMorgan Chase & Co. lifted their target price on shares of SharkNinja from $146.00 to $170.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Bank of America increased their price target on SharkNinja from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Guggenheim raised their price target on SharkNinja from $145.00 to $175.00 and gave the company a “buy” rating in a report on Monday, July 6th. Finally, Oppenheimer upped their price objective on SharkNinja from $145.00 to $170.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $167.90.

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.