Capital World Investors Has $84.44 Million Position in Birkenstock Holding plc (NYSE:BIRK)

Capital World Investors raised its stake in shares of Birkenstock Holding plc (NYSE:BIRK - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,490,366 shares of the company's stock after purchasing an additional 16,466 shares during the quarter. Capital World Investors owned 0.79% of Birkenstock worth $84,444,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Signaturefd LLC increased 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 during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Birkenstock during the 4th quarter worth approximately $34,000. NewEdge Advisors LLC bought a new stake in shares of Birkenstock during the fourth quarter valued at approximately $45,000. Headlands Technologies LLC acquired a new position in shares of Birkenstock in the 4th quarter valued at $76,000. Finally, JPMorgan Chase & Co. raised its position in Birkenstock by 112.0% in the fourth quarter. JPMorgan Chase & Co. now owns 1,338 shares of the company's stock worth $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.

Birkenstock Trading Up 1.0 %

Birkenstock stock traded up $0.52 during mid-day trading on Friday, hitting $50.74. The stock had a trading volume of 1,522,406 shares, compared to its average volume of 1,373,802. The stock has a market capitalization of $9.53 billion, a PE ratio of 40.92, a P/E/G ratio of 1.02 and a beta of 1.71. Birkenstock Holding plc has a 12 month low of $40.56 and a 12 month high of $64.78. 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 stock has a 50-day simple moving average of $47.27 and a two-hundred day simple moving average of $51.33.

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 company had revenue of $385.88 million during the quarter, compared to analysts' expectations of $355.80 million. As a group, sell-side analysts forecast that Birkenstock Holding plc will post 1.77 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on BIRK shares. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $70.00 price target on shares of Birkenstock in a research note on Thursday, February 20th. Piper Sandler reduced their target price on shares of Birkenstock from $70.00 to $60.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Finally, Stifel Nicolaus dropped their target price on shares of Birkenstock from $70.00 to $62.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $67.50.

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.