APG Asset Management N.V. bought a new stake in shares of Birkenstock Holding plc (NYSE:BIRK - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 31,300 shares of the company's stock, valued at approximately $1,713,000.
Several other large investors have also bought and sold shares of BIRK. Quarry LP bought a new position in Birkenstock during the third quarter valued at $25,000. Signaturefd LLC lifted its position in shares of Birkenstock by 642.6% during the 4th quarter. Signaturefd LLC now owns 505 shares of the company's stock valued at $29,000 after buying an additional 437 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Birkenstock during the 4th quarter worth $34,000. Headlands Technologies LLC purchased a new stake in Birkenstock in the 4th quarter worth about $76,000. Finally, JPMorgan Chase & Co. increased its holdings in Birkenstock by 112.0% in the 4th quarter. JPMorgan Chase & Co. now owns 1,338 shares of the company's stock worth $76,000 after acquiring an additional 707 shares during the last quarter. 19.93% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts have weighed in on BIRK shares. BMO Capital Markets increased their target price on shares of Birkenstock from $60.00 to $70.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. UBS Group boosted their target price on shares of Birkenstock from $83.00 to $95.00 and gave the company a "buy" rating in a report on Thursday, December 19th. BTIG Research raised 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. Stifel Nicolaus decreased their price objective on Birkenstock from $70.00 to $62.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Finally, Robert W. Baird upped 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 analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $67.50.
Check Out Our Latest Research Report on BIRK
Birkenstock Price Performance
Shares of BIRK traded down $1.12 during midday trading on Tuesday, reaching $47.29. The stock had a trading volume of 1,232,060 shares, compared to its average volume of 1,352,105. 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 company has a market capitalization of $8.88 billion, a price-to-earnings ratio of 38.14, a price-to-earnings-growth ratio of 1.02 and a beta of 1.71. The company's 50-day moving average is $48.55 and its 200 day moving average is $51.38. Birkenstock Holding plc has a 12-month low of $40.56 and a 12-month high of $64.78.
Birkenstock (NYSE:BIRK - Get Free Report) last posted its quarterly 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. The business had revenue of $385.88 million during the quarter, compared to the consensus estimate of $355.80 million. Birkenstock had a net margin of 11.73% and a return on equity of 9.52%. On average, equities analysts predict that Birkenstock Holding plc will post 1.77 EPS for the current fiscal year.
About Birkenstock
(
Free Report)
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.
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