Teacher Retirement System of Texas Raises Holdings in SharkNinja, Inc. $SN

Teacher Retirement System of Texas grew its position in shares of SharkNinja, Inc. (NYSE:SN) by 306.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 147,800 shares of the company’s stock after purchasing an additional 111,400 shares during the period. Teacher Retirement System of Texas owned approximately 0.10% of SharkNinja worth $14,631,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SN. GAMMA Investing LLC grew its position in SharkNinja by 77.9% in the first quarter. GAMMA Investing LLC now owns 354 shares of the company’s stock worth $30,000 after acquiring an additional 155 shares in the last quarter. Harbour Investments Inc. grew its position in SharkNinja by 5,800.0% in the first quarter. Harbour Investments Inc. now owns 413 shares of the company’s stock worth $34,000 after acquiring an additional 406 shares in the last quarter. SVB Wealth LLC purchased a new position in SharkNinja in the first quarter worth about $36,000. New York State Teachers Retirement System purchased a new position in SharkNinja in the second quarter worth about $43,000. Finally, CWM LLC grew its position in SharkNinja by 656.7% in the second quarter. CWM LLC now owns 787 shares of the company’s stock worth $78,000 after acquiring an additional 683 shares in the last quarter. Hedge funds and other institutional investors own 34.77% of the company’s stock.

SharkNinja Stock Up 0.5%

Shares of NYSE SN opened at $97.26 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.94 and a quick ratio of 1.20. The company has a market cap of $13.73 billion, a P/E ratio of 26.57, a PEG ratio of 1.84 and a beta of 1.56. SharkNinja, Inc. has a 1 year low of $60.50 and a 1 year high of $128.51. The firm has a 50-day simple moving average of $106.24 and a two-hundred day simple moving average of $100.99.

SharkNinja (NYSE:SN) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.19. SharkNinja had a net margin of 8.82% and a return on equity of 28.78%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the firm posted $0.71 earnings per share. The company’s revenue was up 15.7% on a year-over-year basis. SharkNinja has set its FY 2025 guidance at 5.000-5.100 EPS. Research analysts anticipate that SharkNinja, Inc. will post 4.52 earnings per share for the current year.

Wall Street Analyst Weigh In

SN has been the subject of several recent research reports. Wall Street Zen upgraded SharkNinja from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Research lowered SharkNinja from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 7th. Canaccord Genuity Group lifted their price target on SharkNinja from $127.00 to $136.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. JPMorgan Chase & Co. dropped their price target on SharkNinja from $136.00 to $131.00 and set an “overweight” rating for the company in a research report on Friday, October 10th. Finally, Morgan Stanley set a $110.00 price objective on shares of SharkNinja in a research note on Monday. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, SharkNinja currently has a consensus rating of “Moderate Buy” and an average target price of $128.00.

SharkNinja Company Profile

SharkNinja, Inc, a product design and technology company, engages in the provision of various solutions for consumers worldwide. It offers cleaning appliances, including corded and cordless vacuums, including handheld and robotic vacuums, as well as other floorcare products comprising steam mops, wet/dry cleaning floor products, and carpet extraction; cooking and beverage appliances, such as air fryers, multi-cookers, outdoor and countertop grills and ovens, coffee systems, carbonation, cookware, cutlery, kettles, toasters and bakeware; food preparation appliances comprising blenders, food processors, ice cream makers, and juicers; and beauty appliances, such as hair dryers and stylers, as well as home environment products comprising air purifiers and humidifiers.