Susquehanna Fundamental Investments LLC Purchases New Position in Birkenstock Holding plc (NYSE:BIRK)

Susquehanna Fundamental Investments LLC acquired a new position in Birkenstock Holding plc (NYSE:BIRK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,935 shares of the company’s stock, valued at approximately $1,073,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in BIRK. Legal & General Group Plc boosted its holdings in Birkenstock by 12.3% during the fourth quarter. Legal & General Group Plc now owns 3,158 shares of the company’s stock worth $179,000 after buying an additional 347 shares in the last quarter. Signaturefd LLC raised its position in shares of Birkenstock by 642.6% in the fourth quarter. Signaturefd LLC now owns 505 shares of the company’s stock worth $29,000 after acquiring an additional 437 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Birkenstock during the 4th quarter worth about $34,000. Venturi Wealth Management LLC grew its position in shares of Birkenstock by 9.3% during the 4th quarter. Venturi Wealth Management LLC now owns 7,292 shares of the company’s stock valued at $413,000 after acquiring an additional 622 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Birkenstock by 112.0% in the 4th quarter. JPMorgan Chase & Co. now owns 1,338 shares of the company’s stock valued at $76,000 after purchasing an additional 707 shares in the last quarter. Institutional investors and hedge funds own 19.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Piper Sandler lowered their price target on Birkenstock from $70.00 to $60.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Stifel Nicolaus decreased their target price on Birkenstock from $70.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $70.00 price target on shares of Birkenstock in a report on Thursday, February 20th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $67.50.

Birkenstock Stock Down 1.9 %

Shares of NYSE:BIRK opened at $50.46 on Friday. Birkenstock Holding plc has a 52-week low of $40.56 and a 52-week high of $64.78. The stock has a market cap of $9.48 billion, a P/E ratio of 40.69, a PEG ratio of 1.02 and a beta of 1.71. The business has a fifty day moving average of $47.02 and a two-hundred day moving average of $51.38. The company has a quick ratio of 1.08, a current ratio of 2.84 and a debt-to-equity ratio of 0.48.

Birkenstock (NYSE:BIRK) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. Birkenstock had a net margin of 11.73% and a return on equity of 9.52%. The firm had revenue of $385.88 million during the quarter, compared to analyst estimates of $355.80 million. On average, research analysts expect that Birkenstock Holding plc will post 1.77 earnings per share for the current year.

Birkenstock Profile

Birkenstock Holding plc manufactures and sells footwear products. It also offers sandals, shoes, closed-toe silhouettes, skincare products, and accessories. The company sells its products through e-commerce sites and a network of owned retail stores, as well as business-to-business channels. It operates in the United States, Brazil, Canada, Mexico, Europe, APMA, and internationally.