SharkNinja(SN)

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SharkNinja: Expensive Valuation And Low Margins Make This A Hold
Seeking Alpha· 2024-07-16 16:59
digitalgenetics/iStock via Getty Images What is SharkNinja? Example of Ninja's best selling products. (Company website) Sales per Segment, Total Net Sales (US$ mm) 1.600.0 1.378 1.400,0 1.183 1.200,0 1.071 .066 947 950 1.000,0 ક્રડ $10 778 800,0 580 600,0 503 503 449 437 422 411 415 414 382 343 339 330 400.0 260 257 232 212 204 205 161 163 153 143 200,0 138 128 118 110 71 57 & 8 25 22 12 0.0 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 1Q24 Cleaning Appliances Cooking and Beverage Appliances Food Prepation Appli ...
SharkNinja Stock Can Outperform On Above Average Growth
Seeking Alpha· 2024-07-14 15:00
Shark Ninja's Technical Perspective SharkNinja (SN) Daily Stock Chart with RSI (TradingView) The Risks for the Stock Increased competition from other companies could take market share away from SharkNinja. Consumers could find similar appliances, cleaning, and other products to be more attractive from competing companies. Other companies could make new innovative products that resonate more with consumers over SN's products. SharkNinja's rate of growth could be significantly less than expected. The company ...
SharkNinja Stock: A Consumer Goods Outlier As Growth Accelerates
Seeking Alpha· 2024-07-13 17:10
Core Viewpoint - SharkNinja Inc has shown impressive financial performance, with a stock price increase of nearly 150% since its public debut, and has recently surpassed a market capitalization of $10 billion, indicating strong investor confidence and operational momentum [2][4]. Financial Performance - SharkNinja reported Q1 EPS of $1.06, exceeding estimates by $0.09 and up from $0.86 year-over-year. Revenue reached $1.1 billion, reflecting a 27% year-over-year increase on an adjusted basis [4]. - The company has updated its full-year guidance, now expecting adjusted net sales growth between 12% and 14%, up from a prior target of 8%. EPS guidance has also been revised to a range of $3.66 to $3.85, indicating a growth of 14% to 19% from 2023 [12]. Market Share and Product Performance - SharkNinja has successfully captured significant market share in key product categories, achieving 32% of U.S. robot vacuum sales, up from 20% in 2020, and controlling nearly 60% of food fryers in the U.K., more than tripling since 2020 [13]. - The company has seen strong demand across its core segments, with cleaning appliances growing by 5.9%, cooking and beverage appliances by 29%, and food preparation appliances by 77% [5]. Competitive Positioning - SharkNinja's growth has come at the expense of competitors like iRobot and Helen of Troy, which have reported weaker demand in similar categories [8]. - The brand's strength and innovative product offerings have created a "halo effect," encouraging customers to purchase additional SharkNinja products [8]. Future Outlook - Management expresses optimism about being in the early stages of a major growth cycle, supported by strong retail placements and consumer demand [9]. - The company is viewed as potentially undervalued, trading at 12.6x 2024 adjusted EBITDA guidance, especially when compared to recognized brands like Nike and Apple [9]. New Product Development - SharkNinja has successfully introduced new product categories, including outdoor grills and ice cream makers, which have been well received by consumers [6].
SharkNinja, Inc. (SN) Advances But Underperforms Market: Key Facts
ZACKS· 2024-07-10 22:56
The latest trading session saw SharkNinja, Inc. (SN) ending at $71.42, denoting a +0.8% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily gain of 1.02%. At the same time, the Dow added 1.09%, and the tech-heavy Nasdaq gained 1.18%. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for SharkNinja, Inc. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflec ...
SharkNinja, Inc. (SN) Flat As Market Gains: What You Should Know
ZACKS· 2024-07-08 23:06
Market participants will be closely following the financial results of SharkNinja, Inc. in its upcoming release. It is anticipated that the company will report an EPS of $0.57, marking a 21.28% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $1.06 billion, showing a 12% escalation compared to the year-ago quarter. Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To capital ...
SharkNinja, Inc. (SN) Suffers a Larger Drop Than the General Market: Key Insights
ZACKS· 2024-06-28 22:52
SharkNinja, Inc. (SN) closed the most recent trading day at $75.15, moving -1.13% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.41%. At the same time, the Dow lost 0.12%, and the tech-heavy Nasdaq lost 0.71%. The company's shares have seen a decrease of 0.39% over the last month, not keeping up with the Consumer Discretionary sector's gain of 2.29% and the S&P 500's gain of 3.53%. Analysts and investors alike will be keeping a close eye on the performanc ...
AKI appointed as the exclusive distributor for SharkNinja as it enters the UAE
Prnewswire· 2024-06-27 06:00
DUBAI, UAE, June 27, 2024 /PRNewswire/ -- Al Khayyat Investments (AKI) has been appointed as the exclusive distribution partner in the UAE for SharkNinja, Inc. (NYSE: SN) - a global product design and technology company – in a move that provides more consumers with access to the products that they love. SharkNinja products will now be available locally for the first time in the Middle East beginning in the UAE. "This is an incredibly exciting partnership for both SharkNinja and AKI. We have a proud legacy o ...
Brokers Suggest Investing in SharkNinja, Inc. (SN): Read This Before Placing a Bet
ZACKS· 2024-06-12 14:31
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? SharkNinja, Inc. currently has an average brokerage recommendation (ABR) of 1.22, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by nine brokerag ...
Wall Street Bulls Look Optimistic About SharkNinja, Inc. (SN): Should You Buy?
zacks.com· 2024-05-27 14:36
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell- side) analysts often affect a stock's price, do they really matter? Let's take a look at what these Wall Street heavyweights have to say about SharkNinja, Inc. (SN) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. SharkNinja, Inc. currently has an ...
Bull of the Day: SharkNinja (SN)
zacks.com· 2024-05-21 11:11
SharkNinja, Inc. (SN) has been red-hot since being listed on the NYSE in August 2023. This Zacks Rank #1 (Strong Buy) is expected to grow sales and earnings by the double digits in 2024. SharkNinja is a global product design and technology company. It operates two brands, Shark and Ninja. It has a history of bringing small home appliances to the market. You know its products and probably use them. SharkNinja Has 4500+ patents and operates 5 innovation centers. Headquartered in Needham, Massachusetts, produc ...