Aster Capital Management DIFC Ltd lifted its holdings in Birkenstock Holding plc (NYSE:BIRK - Free Report) by 875.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,136 shares of the company's stock after purchasing an additional 9,097 shares during the period. Aster Capital Management DIFC Ltd's holdings in Birkenstock were worth $574,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. increased its stake in Birkenstock by 162,288.2% in the 4th quarter. Russell Investments Group Ltd. now owns 55,212 shares of the company's stock worth $3,128,000 after purchasing an additional 55,178 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Birkenstock by 68.2% in the fourth quarter. Wells Fargo & Company MN now owns 2,885 shares of the company's stock worth $163,000 after acquiring an additional 1,170 shares in the last quarter. Prudential PLC acquired a new stake in shares of Birkenstock during the fourth quarter valued at approximately $450,000. ExodusPoint Capital Management LP lifted its position in shares of Birkenstock by 244.6% in the 4th quarter. ExodusPoint Capital Management LP now owns 56,365 shares of the company's stock valued at $3,194,000 after acquiring an additional 40,010 shares in the last quarter. Finally, Cinctive Capital Management LP acquired a new position in Birkenstock in the 4th quarter worth approximately $3,888,000. 19.93% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the company. BMO Capital Markets increased their target price on Birkenstock from $60.00 to $70.00 and gave the company an "outperform" rating in a report on Thursday, December 19th. Robert W. Baird lifted their target price on Birkenstock from $65.00 to $72.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. UBS Group increased their price target on shares of Birkenstock from $83.00 to $95.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Piper Sandler decreased their target price on shares of Birkenstock from $70.00 to $60.00 and set an "overweight" rating for the company in a research note on Friday. Finally, BTIG Research upped their price target on shares of Birkenstock from $60.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Two research 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $67.50.
Check Out Our Latest Report on Birkenstock
Birkenstock Stock Performance
BIRK stock traded up $0.81 on Friday, reaching $48.06. 2,037,828 shares of the company were exchanged, compared to its average volume of 1,345,475. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.84 and a quick ratio of 1.08. Birkenstock Holding plc has a 12 month low of $40.56 and a 12 month high of $64.78. The stock's fifty day moving average price is $48.71 and its 200 day moving average price is $51.38. The firm has a market capitalization of $9.03 billion, a PE ratio of 38.76, a PEG ratio of 1.02 and a beta of 1.71.
Birkenstock (NYSE:BIRK - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.19 earnings per share for the quarter, beating 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. On average, research analysts anticipate 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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