Blueshift Asset Management LLC Purchases Shares of 5,889 Birkenstock Holding plc (NYSE:BIRK)

Blueshift Asset Management LLC acquired a new stake in Birkenstock Holding plc (NYSE:BIRK - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,889 shares of the company's stock, valued at approximately $334,000.

Other institutional investors also recently bought and sold shares of the company. Quarry LP acquired a new stake in shares of Birkenstock in the third quarter valued at about $25,000. Signaturefd LLC boosted its holdings in Birkenstock by 642.6% in the 4th quarter. Signaturefd LLC now owns 505 shares of the company's stock worth $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 approximately $34,000. MetLife Investment Management LLC raised its stake in shares of Birkenstock by 52.2% during the third quarter. MetLife Investment Management LLC now owns 688 shares of the company's stock valued at $34,000 after purchasing an additional 236 shares during the period. Finally, R Squared Ltd acquired a new position in shares of Birkenstock during the fourth quarter worth $143,000. 19.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Hsbc Global Res raised shares of Birkenstock to a "strong-buy" rating in a research note on Tuesday, December 3rd. Telsey Advisory Group reaffirmed an "outperform" rating and set a $70.00 target price on shares of Birkenstock in a research report on Thursday, February 20th. BTIG Research increased their price target on Birkenstock from $60.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Robert W. Baird raised their price objective on Birkenstock from $65.00 to $72.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Finally, BMO Capital Markets increased their target price on Birkenstock from $60.00 to $70.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $68.31.

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Birkenstock Stock Performance

Shares of NYSE:BIRK traded down $0.27 during trading on Wednesday, reaching $46.90. 1,705,658 shares of the company's stock traded hands, compared to its average volume of 1,242,958. The stock has a market capitalization of $8.81 billion, a P/E ratio of 37.82, a price-to-earnings-growth ratio of 1.02 and a beta of 1.90. Birkenstock Holding plc has a 12 month low of $41.00 and a 12 month high of $64.78. The company has a 50 day moving average of $52.69 and a 200-day moving average of $51.59. 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 (NYSE:BIRK - Get Free Report) last announced 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. Birkenstock had a return on equity of 9.52% and a net margin of 11.73%. The business had revenue of $385.88 million for the quarter, compared to analysts' expectations of $355.80 million. On average, equities analysts expect that Birkenstock Holding plc will post 1.77 EPS for the current year.

Birkenstock Company 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.