Susquehanna Fundamental Investments LLC Invests $1.07 Million in Birkenstock Holding plc (NYSE:BIRK)

Susquehanna Fundamental Investments LLC acquired a new stake in Birkenstock Holding plc (NYSE:BIRK) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 18,935 shares of the company’s stock, valued at approximately $1,073,000.

Other large investors also recently bought and sold shares of the company. Signaturefd LLC raised its stake in shares of Birkenstock by 642.6% in the 4th quarter. Signaturefd LLC now owns 505 shares of the company’s stock valued at $29,000 after acquiring an additional 437 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Birkenstock in the 4th quarter valued at approximately $34,000. NewEdge Advisors LLC purchased a new stake in Birkenstock in the fourth quarter valued at approximately $45,000. Headlands Technologies LLC acquired a new position in Birkenstock during the fourth quarter worth $76,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Birkenstock by 112.0% during the fourth quarter. JPMorgan Chase & Co. now owns 1,338 shares of the company’s stock worth $76,000 after buying an additional 707 shares during the period. Institutional investors and hedge funds own 19.93% of the company’s stock.

Birkenstock Stock Down 1.9 %

Birkenstock stock opened at $50.46 on Friday. The stock has a market cap of $9.48 billion, a PE ratio of 40.69, a P/E/G ratio of 1.02 and a beta of 1.71. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.84 and a quick ratio of 1.08. The stock’s fifty day moving average is $47.02 and its two-hundred day moving average is $51.38. Birkenstock Holding plc has a 1-year low of $40.56 and a 1-year high of $64.78.

Birkenstock (NYSE:BIRK) last posted its earnings results on Thursday, February 20th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. The firm had revenue of $385.88 million during the quarter, compared to analysts’ expectations of $355.80 million. Birkenstock had a return on equity of 9.52% and a net margin of 11.73%. On average, sell-side analysts expect that Birkenstock Holding plc will post 1.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Birkenstock Company 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.