21,474 Shares in Birkenstock Holding plc (NYSE:BIRK) Purchased by Jump Financial LLC

Jump Financial LLC bought a new position in Birkenstock Holding plc (NYSE:BIRK - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 21,474 shares of the company's stock, valued at approximately $1,217,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC lifted its position in Birkenstock by 642.6% in the 4th quarter. Signaturefd LLC now owns 505 shares of the company's stock worth $29,000 after buying an additional 437 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Birkenstock in the 4th quarter worth approximately $34,000. Headlands Technologies LLC purchased a new stake in shares of Birkenstock in the 4th quarter valued at $76,000. JPMorgan Chase & Co. grew its holdings in shares of Birkenstock by 112.0% during 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 during the last quarter. Finally, Sterling Capital Management LLC raised its position in Birkenstock by 49.7% in 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 during the period. Hedge funds and other institutional investors own 19.93% of the company's stock.

Birkenstock Stock Performance

NYSE:BIRK traded up $0.47 during trading hours on Friday, reaching $50.69. The company had a trading volume of 774,713 shares, compared to its average volume of 1,371,908. The firm has a market cap of $9.52 billion, a price-to-earnings ratio of 40.92, a PEG ratio of 1.02 and a beta of 1.71. Birkenstock Holding plc has a 52 week low of $40.56 and a 52 week high of $64.78. The company has a current ratio of 2.84, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. The firm's 50 day moving average price is $47.27 and its 200-day moving average price is $51.33.

Birkenstock (NYSE:BIRK - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.19 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 11.73% and a return on equity of 9.52%. On average, analysts forecast that Birkenstock Holding plc will post 1.77 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on BIRK shares. Piper Sandler cut their price target on shares of Birkenstock from $70.00 to $60.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Telsey Advisory Group reiterated an "outperform" rating and issued a $70.00 price objective on shares of Birkenstock in a research report on Thursday, February 20th. Finally, Stifel Nicolaus cut their target price on shares of Birkenstock from $70.00 to $62.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Two equities 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus 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.