Jump Financial LLC Makes New $1.22 Million Investment in Birkenstock Holding plc (NYSE:BIRK)

Jump Financial LLC acquired a new stake in shares of Birkenstock Holding plc (NYSE:BIRK - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 21,474 shares of the company's stock, valued at approximately $1,217,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Signaturefd LLC increased its stake in Birkenstock by 642.6% during the 4th quarter. Signaturefd LLC now owns 505 shares of the company's stock worth $29,000 after purchasing an additional 437 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Birkenstock in the 4th quarter valued at $34,000. Headlands Technologies LLC acquired a new position in Birkenstock in the 4th quarter worth $76,000. JPMorgan Chase & Co. boosted its stake in Birkenstock by 112.0% in the 4th quarter. JPMorgan Chase & Co. now owns 1,338 shares of the company's stock worth $76,000 after purchasing an additional 707 shares during the period. Finally, Sterling Capital Management LLC increased its holdings in Birkenstock by 49.7% during the 4th quarter. Sterling Capital Management LLC now owns 2,354 shares of the company's stock worth $133,000 after purchasing an additional 782 shares in the last quarter. 19.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Stifel Nicolaus reduced their price objective on Birkenstock from $70.00 to $62.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $70.00 price target on shares of Birkenstock in a research report on Thursday, February 20th. Finally, Piper Sandler lowered their price objective on shares of Birkenstock from $70.00 to $60.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Two research 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 company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $67.50.

Birkenstock Price Performance

NYSE BIRK traded up $0.52 on Friday, reaching $50.74. 1,522,406 shares of the company's stock traded hands, compared to its average volume of 1,376,885. 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 has a market cap of $9.53 billion, a PE ratio of 40.92, a P/E/G ratio of 1.02 and a beta of 1.71. The stock has a 50-day simple moving average of $47.19 and a 200 day simple moving average of $51.35. Birkenstock Holding plc has a 12 month low of $40.56 and a 12 month high of $64.78.

Birkenstock (NYSE:BIRK - Get Free Report) last released its quarterly earnings data 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 business 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%. As a group, research analysts predict that Birkenstock Holding plc will post 1.77 earnings per share for the current year.

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.