Nebula Research & Development LLC Invests $2.04 Million in Birkenstock Holding plc (NYSE:BIRK)

Nebula Research & Development LLC bought a new stake in Birkenstock Holding plc (NYSE:BIRK - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 35,975 shares of the company's stock, valued at approximately $2,038,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BIRK. Signaturefd LLC raised its stake 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 last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Birkenstock in the fourth quarter valued at approximately $34,000. NewEdge Advisors LLC acquired a new stake in shares of Birkenstock in the fourth quarter valued at approximately $45,000. Headlands Technologies LLC acquired a new stake in shares of Birkenstock in the fourth quarter valued at approximately $76,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Birkenstock by 112.0% in the fourth 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 Ratings Changes

A number of analysts recently weighed in on the stock. 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. Piper Sandler lowered their target price on shares of Birkenstock from $70.00 to $60.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Finally, Stifel Nicolaus lowered their target price on shares of Birkenstock from $70.00 to $62.00 and set a "buy" rating for the company in a report on Thursday, April 10th. 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's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $67.50.

Birkenstock Stock Up 1.3 %

NYSE:BIRK traded up $0.64 on Monday, hitting $51.32. 1,219,678 shares of the company's stock were exchanged, compared to its average volume of 1,380,192. The firm has a 50-day moving average price of $47.12 and a 200-day moving average price of $51.39. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.84 and a quick ratio of 1.08. Birkenstock Holding plc has a 52 week low of $40.56 and a 52 week high of $64.78. The company has a market cap of $9.64 billion, a P/E ratio of 41.39, a price-to-earnings-growth ratio of 1.02 and a beta of 1.71.

Birkenstock (NYSE:BIRK - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.19 EPS 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 firm had revenue of $385.88 million for the quarter, compared to analysts' expectations of $355.80 million. As a group, analysts expect that Birkenstock Holding plc will post 1.77 EPS for the current fiscal 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.