Federated Hermes Inc. Sells 208,734 Shares of Birkenstock Holding plc (NYSE:BIRK)

Federated Hermes Inc. lessened its holdings in Birkenstock Holding plc (NYSE:BIRK - Free Report) by 18.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 918,555 shares of the company's stock after selling 208,734 shares during the quarter. Federated Hermes Inc. owned approximately 0.49% of Birkenstock worth $52,045,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in BIRK. Aster Capital Management DIFC Ltd lifted its stake in Birkenstock by 875.6% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 10,136 shares of the company's stock valued at $574,000 after buying an additional 9,097 shares during the last quarter. Russell Investments Group Ltd. raised its position in Birkenstock by 162,288.2% in the fourth quarter. Russell Investments Group Ltd. now owns 55,212 shares of the company's stock worth $3,128,000 after acquiring an additional 55,178 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Birkenstock by 68.2% during the fourth quarter. Wells Fargo & Company MN now owns 2,885 shares of the company's stock valued at $163,000 after purchasing an additional 1,170 shares during the last quarter. Prudential PLC bought a new stake in shares of Birkenstock during the 4th quarter worth $450,000. Finally, ExodusPoint Capital Management LP lifted its holdings in shares of Birkenstock by 244.6% during the fourth quarter. ExodusPoint Capital Management LP now owns 56,365 shares of the company's stock valued at $3,194,000 after purchasing an additional 40,010 shares during the last quarter. Institutional investors own 19.93% of the company's stock.

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Birkenstock Stock Up 1.7 %

Shares of BIRK stock traded up $0.81 on Friday, hitting $48.06. The company's stock had a trading volume of 2,037,828 shares, compared to its average volume of 1,348,088. Birkenstock Holding plc has a fifty-two week low of $40.56 and a fifty-two week high of $64.78. The firm's fifty day moving average price is $48.71 and its 200-day moving average price is $51.39. The stock has a market capitalization of $9.03 billion, a price-to-earnings ratio of 38.76, a P/E/G ratio of 1.02 and a beta of 1.71. 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 issued its quarterly earnings data on Thursday, February 20th. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.03. The business had revenue of $385.88 million for the quarter, compared to the consensus estimate of $355.80 million. Birkenstock had a return on equity of 9.52% and a net margin of 11.73%. Research analysts anticipate that Birkenstock Holding plc will post 1.77 EPS for the current year.

Wall Street Analysts Forecast Growth

BIRK has been the topic of several analyst reports. Telsey Advisory Group reissued an "outperform" rating and issued a $70.00 target price on shares of Birkenstock in a research report on Thursday, February 20th. Robert W. Baird lifted their price objective on shares of Birkenstock from $65.00 to $72.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. Piper Sandler reduced their target price on Birkenstock from $70.00 to $60.00 and set an "overweight" rating for the company in a report on Friday. BTIG Research lifted 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. Finally, BMO Capital Markets increased their price objective on Birkenstock from $60.00 to $70.00 and gave the stock an "outperform" rating in a research note on Thursday, December 19th. Two equities 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 MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $67.50.

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.