Catterton Management Company L.L.C. Has $7.66 Billion Holdings in Birkenstock Holding plc (NYSE:BIRK)

Catterton Management Company L.L.C. cut its holdings in shares of Birkenstock Holding plc (NYSE:BIRK - Free Report) by 0.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 135,109,868 shares of the company's stock after selling 108,203 shares during the quarter. Birkenstock makes up 95.9% of Catterton Management Company L.L.C.'s investment portfolio, making the stock its largest holding. Catterton Management Company L.L.C. owned 71.93% of Birkenstock worth $7,655,325,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its stake in Birkenstock by 12.3% in the 4th quarter. Legal & General Group Plc now owns 3,158 shares of the company's stock worth $179,000 after purchasing an additional 347 shares during the period. Signaturefd LLC grew its stake in Birkenstock by 642.6% during the fourth quarter. Signaturefd LLC now owns 505 shares of the company's stock valued at $29,000 after acquiring an additional 437 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Birkenstock during the 4th quarter worth approximately $34,000. Venturi Wealth Management LLC boosted its holdings in Birkenstock by 9.3% in the 4th quarter. Venturi Wealth Management LLC now owns 7,292 shares of the company's stock valued at $413,000 after purchasing an additional 622 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Birkenstock by 112.0% during the fourth quarter. JPMorgan Chase & Co. now owns 1,338 shares of the company's stock worth $76,000 after buying an additional 707 shares in the last quarter. 19.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BIRK shares. Piper Sandler lowered their price objective on shares of Birkenstock from $70.00 to $60.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Stifel Nicolaus decreased their price objective on Birkenstock from $70.00 to $62.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $70.00 target price on shares of Birkenstock in a research note on Thursday, February 20th. Two research 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, Birkenstock presently has an average rating of "Moderate Buy" and a consensus price target of $67.50.

Birkenstock Stock Up 3.2 %

Shares of NYSE:BIRK traded up $1.51 on Tuesday, hitting $48.15. 301,785 shares of the company traded hands, compared to its average volume of 1,356,466. The company has a market cap of $9.04 billion, a PE ratio of 38.83, a PEG ratio of 1.02 and a beta of 1.71. The stock has a 50 day simple moving average of $47.67 and a 200-day simple moving average of $51.35. Birkenstock Holding plc has a 52 week low of $40.56 and a 52 week high of $64.78. The company has a quick ratio of 1.08, a current ratio of 2.84 and a debt-to-equity ratio of 0.48.

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

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.