Signaturefd LLC Has $29,000 Position in Birkenstock Holding plc (NYSE:BIRK)

Signaturefd LLC grew its position in Birkenstock Holding plc (NYSE:BIRK) by 642.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 505 shares of the company’s stock after purchasing an additional 437 shares during the period. Signaturefd LLC’s holdings in Birkenstock were worth $29,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP acquired a new stake in Birkenstock during the 3rd quarter worth $25,000. MetLife Investment Management LLC raised its position in shares of Birkenstock by 52.2% during the third quarter. MetLife Investment Management LLC now owns 688 shares of the company’s stock worth $34,000 after purchasing an additional 236 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Birkenstock during the 4th quarter valued at about $34,000. R Squared Ltd acquired a new position in shares of Birkenstock in the 4th quarter valued at approximately $143,000. Finally, Machina Capital S.A.S. bought a new stake in Birkenstock during the 4th quarter worth approximately $219,000. 19.93% of the stock is owned by institutional investors.

Birkenstock Stock Performance

NYSE BIRK opened at $47.17 on Wednesday. The firm’s fifty day moving average price is $52.69 and its two-hundred day moving average price is $51.59. Birkenstock Holding plc has a 1 year low of $41.00 and a 1 year high of $64.78. The firm has a market capitalization of $8.86 billion, a P/E ratio of 38.04, a price-to-earnings-growth ratio of 1.02 and a beta of 1.90. The company has a current ratio of 2.84, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48.

Birkenstock (NYSE:BIRK) last issued its earnings results on Thursday, February 20th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. Birkenstock had a net margin of 11.73% and a return on equity of 9.52%. The company had revenue of $385.88 million for the quarter, compared to analysts’ expectations of $355.80 million. As a group, research analysts anticipate that Birkenstock Holding plc will post 1.77 EPS for the current year.

Wall Street Analyst Weigh In

BIRK has been the subject of several research analyst reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $70.00 price target on shares of Birkenstock in a report on Thursday, February 20th. HSBC upgraded Birkenstock from a “hold” rating to a “buy” rating and increased their target price for the stock from $58.00 to $60.00 in a report on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft boosted their price target on Birkenstock from $65.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Piper Sandler assumed coverage on Birkenstock in a report on Tuesday, December 10th. They set an “overweight” rating and a $65.00 price objective for the company. Finally, BTIG Research lifted their target price on Birkenstock from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Two 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.31.

Birkenstock 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.