Susquehanna Fundamental Investments LLC Acquires New Shares in Birkenstock Holding plc (NYSE:BIRK)

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

Several other hedge funds have also made changes to their positions in BIRK. Nebula Research & Development LLC bought a new position in Birkenstock in the 4th quarter worth about $2,038,000. Voya Investment Management LLC boosted its position in shares of Birkenstock by 4,844.0% during the fourth quarter. Voya Investment Management LLC now owns 252,589 shares of the company's stock worth $14,312,000 after buying an additional 247,480 shares during the period. Adage Capital Partners GP L.L.C. acquired a new position in shares of Birkenstock during the fourth quarter worth approximately $9,916,000. Hood River Capital Management LLC acquired a new stake in Birkenstock in the 4th quarter valued at approximately $337,000. Finally, Symmetry Investments LP raised its stake in Birkenstock by 43.5% during the 4th quarter. Symmetry Investments LP now owns 51,300 shares of the company's stock valued at $2,907,000 after acquiring an additional 15,560 shares in the last quarter. Institutional investors own 19.93% of the company's stock.

Birkenstock Trading Up 1.9 %

Shares of NYSE:BIRK traded up $0.97 during midday trading on Friday, reaching $51.49. The company had a trading volume of 1,130,755 shares, compared to its average volume of 1,400,918. The company has a fifty day simple moving average of $47.04 and a two-hundred day simple moving average of $51.40. The firm has a market cap of $9.67 billion, a price-to-earnings ratio of 41.52, a price-to-earnings-growth ratio of 1.02 and a beta of 1.71. Birkenstock Holding plc has a 1-year low of $40.56 and a 1-year high of $64.78. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 2.84.

Birkenstock (NYSE:BIRK - Get Free Report) last released 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. Birkenstock had a net margin of 11.73% and a return on equity of 9.52%. The business had revenue of $385.88 million for the quarter, compared to the consensus estimate of $355.80 million. Research analysts predict that Birkenstock Holding plc will post 1.77 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on BIRK. Stifel Nicolaus decreased their price target on Birkenstock from $70.00 to $62.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Piper Sandler lowered their target price on shares of Birkenstock from $70.00 to $60.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $70.00 price target on shares of Birkenstock in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $67.50.

About Birkenstock

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.