Aberdeen Group plc Lowers Holdings in SharkNinja, Inc. $SN

Aberdeen Group plc reduced its position in SharkNinja, Inc. (NYSE:SN) by 12.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 226,097 shares of the company’s stock after selling 31,098 shares during the quarter. Aberdeen Group plc owned about 0.16% of SharkNinja worth $25,300,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in SN. Allspring Global Investments Holdings LLC boosted its stake in shares of SharkNinja by 1.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 349,817 shares of the company’s stock valued at $39,827,000 after buying an additional 4,587 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in SharkNinja by 27.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 305,155 shares of the company’s stock valued at $34,147,000 after acquiring an additional 65,345 shares during the period. Baker Chad R purchased a new stake in shares of SharkNinja during the 4th quarter worth $2,160,000. SG Americas Securities LLC boosted its position in shares of SharkNinja by 28.0% during the 4th quarter. SG Americas Securities LLC now owns 32,353 shares of the company’s stock worth $3,620,000 after purchasing an additional 7,074 shares in the last quarter. Finally, Westview Management dba Westview Investment Advisors acquired a new position in shares of SharkNinja during the 4th quarter worth $4,102,000. Institutional investors and hedge funds own 34.77% of the company’s stock.

Insider Activity

In other SharkNinja news, CFO Adam Quigley sold 2,620 shares of the 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 transaction, the chief financial officer owned 8,673 shares of the company’s stock, valued at $991,844.28. This trade represents a 23.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 11.12% of the company’s stock.

SharkNinja Stock Performance

Shares of SN opened at $104.48 on Monday. SharkNinja, Inc. has a 1 year low of $60.50 and a 1 year high of $133.99. The company’s 50 day simple moving average is $115.20 and its 200 day simple moving average is $107.90. The company has a market capitalization of $14.76 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 1.39 and a beta of 1.54. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.47 and a current ratio of 2.04.

SharkNinja (NYSE:SN) last released its earnings results on Wednesday, February 11th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.78 by $0.15. The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.09 billion. SharkNinja had a net margin of 10.96% and a return on equity of 30.71%. SharkNinja’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.40 EPS. SharkNinja has set its FY 2026 guidance at 5.900-6.000 EPS. On average, sell-side analysts predict that SharkNinja, Inc. will post 4.52 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wall Street Zen raised shares of SharkNinja from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. TD Cowen reissued a “buy” rating on shares of SharkNinja in a research note on Wednesday, January 14th. JPMorgan Chase & Co. upped their price target on SharkNinja from $126.00 to $142.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. Guggenheim raised their price objective on SharkNinja from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Finally, National Bank Financial set a $145.00 price objective on SharkNinja in a report on Tuesday, March 17th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $145.70.

SharkNinja Company 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.