Capital International Sarl Has $2.84 Million Stake in Birkenstock Holding plc (NYSE:BIRK)

Capital International Sarl increased its stake in Birkenstock Holding plc (NYSE:BIRK - Free Report) by 13.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,068 shares of the company's stock after acquiring an additional 6,059 shares during the period. Capital International Sarl's holdings in Birkenstock were worth $2,837,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Signaturefd LLC increased its stake in shares of Birkenstock by 642.6% during the fourth 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 position in shares of Birkenstock during the 4th quarter worth $34,000. NewEdge Advisors LLC purchased a new stake in shares of Birkenstock in the fourth quarter valued at about $45,000. Headlands Technologies LLC purchased a new stake in shares of Birkenstock in the fourth quarter valued at $76,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of 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. Hedge funds and other institutional investors own 19.93% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on BIRK. Telsey Advisory Group restated an "outperform" rating and issued a $70.00 target price on shares of Birkenstock in a report on Thursday, February 20th. Stifel Nicolaus cut their target price on Birkenstock from $70.00 to $62.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Finally, Piper Sandler lowered their price target on Birkenstock from $70.00 to $60.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. 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 stock. According to data from MarketBeat.com, Birkenstock currently has an average rating of "Moderate Buy" and an average price target of $67.50.

Birkenstock Stock Up 3.8 %

NYSE BIRK traded up $1.86 on Thursday, reaching $50.81. The company had a trading volume of 583,857 shares, compared to its average volume of 1,723,031. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 2.84. The firm has a market capitalization of $9.54 billion, a price-to-earnings ratio of 40.97, a price-to-earnings-growth ratio of 1.02 and a beta of 1.71. Birkenstock Holding plc has a 1-year low of $40.56 and a 1-year high of $64.78. The company's fifty day moving average is $47.37 and its 200-day moving average is $51.31.

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 firm had revenue of $385.88 million for the quarter, compared to analyst estimates of $355.80 million. Birkenstock had a return on equity of 9.52% and a net margin of 11.73%. On average, research analysts forecast that Birkenstock Holding plc will post 1.77 earnings per share for the current fiscal year.

About Birkenstock

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.