10 Firms Take a Beating on Tariff Worries

5. SharkNinja Inc. (NYSE:SN)

SharkNinja saw its share prices decline by 21.42 percent to end at $69.49 apiece as investors sold off positions to reduce risks from the potential impact of steep tariffs on its business.

SN, an appliance maker, faces threats of higher raw material prices with President Donald Trump’s imposition of higher tariffs on imports to the US.

Additionally, a market analysis published Thursday further dampened sentiment in the company, saying that stocks like Arm & Hammer brand owner Church & Dwight (CHD), Costco Wholesale (COST), over-the-counter products company Prestige Consumer Healthcare (PBH), and Walmart (WMT) could hold up better than those of companies like SN and Target.

“Assuming the announced tariffs come to fruition, we clearly favor our defensive Outperform-rated names along with Ulta Beauty (ULTA) over more discretionary names” in the short term, Oppenheimer’s note said.