AXQ Capital LP Makes New Investment in Birkenstock Holding plc (NYSE:BIRK)

AXQ Capital LP acquired a new stake in Birkenstock Holding plc (NYSE:BIRK - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 18,728 shares of the company's stock, valued at approximately $1,061,000.

A number of other large investors also recently bought and sold shares of the company. Quarry LP purchased a new position in shares of Birkenstock during the 3rd quarter worth approximately $25,000. Signaturefd LLC lifted its holdings in Birkenstock by 642.6% in the fourth quarter. Signaturefd LLC now owns 505 shares of the company's stock valued at $29,000 after acquiring an additional 437 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Birkenstock in the fourth quarter valued at $34,000. MetLife Investment Management LLC boosted its position in shares of Birkenstock by 52.2% during the 3rd quarter. MetLife Investment Management LLC now owns 688 shares of the company's stock worth $34,000 after purchasing an additional 236 shares in the last quarter. Finally, R Squared Ltd acquired a new position in shares of Birkenstock during the 4th quarter worth $143,000. Hedge funds and other institutional investors own 19.93% of the company's stock.

Birkenstock Trading Down 0.6 %

Shares of BIRK traded down $0.27 on Wednesday, hitting $46.90. 1,705,658 shares of the stock traded hands, compared to its average volume of 1,247,118. Birkenstock Holding plc has a 1 year low of $41.00 and a 1 year high of $64.78. The stock's 50 day moving average is $52.46 and its two-hundred day moving average is $51.56. The firm has a market capitalization of $8.81 billion, a P/E ratio of 37.82, a P/E/G ratio of 1.02 and a beta of 1.90. The company has a quick ratio of 1.08, a current ratio of 2.84 and a debt-to-equity ratio of 0.48.

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Birkenstock (NYSE:BIRK - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.03. The company had revenue of $385.88 million for the quarter, compared to analyst estimates of $355.80 million. Birkenstock had a return on equity of 9.52% and a net margin of 11.73%. As a group, sell-side analysts predict that Birkenstock Holding plc will post 1.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BIRK. Piper Sandler initiated coverage on shares of Birkenstock in a report on Tuesday, December 10th. They set an "overweight" rating and a $65.00 price objective on the stock. BTIG Research upped their price target on Birkenstock from $60.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft raised their price objective on Birkenstock from $65.00 to $66.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Hsbc Global Res upgraded Birkenstock to a "strong-buy" rating in a research report on Tuesday, December 3rd. Finally, Robert W. Baird raised their price target on Birkenstock from $65.00 to $72.00 and gave the company an "outperform" rating in a research report on Thursday, December 19th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $68.31.

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.