SharkNinja, Inc. $SN Stock Holdings Lowered by Abrams Bison Investments LLC

Abrams Bison Investments LLC lowered its position in shares of SharkNinja, Inc. (NYSE:SN) by 27.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,295,000 shares of the company’s stock after selling 480,000 shares during the period. SharkNinja makes up approximately 10.5% of Abrams Bison Investments LLC’s portfolio, making the stock its 3rd largest position. Abrams Bison Investments LLC owned approximately 0.92% of SharkNinja worth $133,579,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. purchased a new stake in SharkNinja during the 3rd quarter valued at $29,000. TFC Financial Management Inc. purchased a new position in shares of SharkNinja in the third quarter worth $55,000. EverSource Wealth Advisors LLC raised its stake in shares of SharkNinja by 2,071.9% in the second quarter. EverSource Wealth Advisors LLC now owns 695 shares of the company’s stock worth $69,000 after purchasing an additional 663 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of SharkNinja during the third quarter valued at $97,000. Finally, Allworth Financial LP lifted its holdings in shares of SharkNinja by 495.5% during the second quarter. Allworth Financial LP now owns 1,840 shares of the company’s stock valued at $182,000 after purchasing an additional 1,531 shares in the last quarter. 34.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at SharkNinja

In other SharkNinja news, CFO Adam Quigley sold 2,620 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $114.36, for a total transaction of $299,623.20. Following the completion of the sale, the chief financial officer directly owned 8,673 shares of the company’s stock, valued at approximately $991,844.28. This represents a 23.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 11.12% of the company’s stock.

SharkNinja Stock Down 1.7%

SN stock opened at $99.99 on Friday. The company has a market cap of $14.12 billion, a price-to-earnings ratio of 20.24, a P/E/G ratio of 1.33 and a beta of 1.39. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.47 and a current ratio of 2.04. The business’s 50-day moving average is $120.80 and its two-hundred day moving average is $109.26. SharkNinja, Inc. has a fifty-two week low of $60.50 and a fifty-two week high of $133.99.

SharkNinja (NYSE:SN) last released its quarterly earnings results on Wednesday, February 11th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.15. SharkNinja had a return on equity of 30.71% and a net margin of 10.96%.The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.09 billion. During the same period in the previous year, the company posted $1.40 EPS. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. SharkNinja has set its FY 2026 guidance at 5.900-6.000 EPS. As a group, analysts forecast that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SN has been the topic of several recent analyst reports. Bank of America increased their price objective on SharkNinja from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. JPMorgan Chase & Co. upped their target price on shares of SharkNinja from $126.00 to $142.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Jefferies Financial Group reaffirmed a “buy” rating and set a $200.00 price target on shares of SharkNinja in a report on Wednesday, February 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of SharkNinja in a research note on Monday, December 29th. Finally, TD Cowen reissued a “buy” rating on shares of SharkNinja in a report on Wednesday, January 14th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.78.

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.