Fox Run Management L.L.C. Buys Shares of 14,975 Birkenstock Holding plc (NYSE:BIRK)

Fox Run Management L.L.C. purchased a new stake in shares of Birkenstock Holding plc (NYSE:BIRK - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 14,975 shares of the company's stock, valued at approximately $848,000.

Other large investors have also bought and sold shares of the company. AXQ Capital LP purchased a new position in Birkenstock during the fourth quarter valued at $1,061,000. Sei Investments Co. bought a new position in shares of Birkenstock in the fourth quarter worth about $490,000. Quantbot Technologies LP grew its stake in shares of Birkenstock by 16.4% during the 4th quarter. Quantbot Technologies LP now owns 101,634 shares of the company's stock valued at $5,759,000 after acquiring an additional 14,346 shares during the period. Blueshift Asset Management LLC purchased a new position in Birkenstock during the fourth quarter valued at approximately $334,000. Finally, Magnetar Financial LLC purchased a new stake in shares of Birkenstock in the fourth quarter worth $607,000. 19.93% of the stock is owned by institutional investors.

Birkenstock Trading Up 0.2 %

NYSE BIRK traded up $0.11 during mid-day trading on Thursday, hitting $46.93. The company's stock had a trading volume of 480,111 shares, compared to its average volume of 1,612,918. The stock's fifty day simple moving average is $52.46 and its two-hundred day simple moving average is $51.56. The firm has a market capitalization of $8.81 billion, a P/E ratio of 37.85, a price-to-earnings-growth ratio of 1.02 and a beta of 1.90. Birkenstock Holding plc has a 52-week low of $41.00 and a 52-week high of $64.78. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.84 and a quick ratio of 1.08.

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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, topping analysts' consensus estimates of $0.16 by $0.03. The firm had revenue of $385.88 million during 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 expect that Birkenstock Holding plc will post 1.77 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. HSBC raised shares of Birkenstock from a "hold" rating to a "buy" rating and increased their price objective for the company from $58.00 to $60.00 in a report on Tuesday, December 3rd. BMO Capital Markets lifted their target price on Birkenstock from $60.00 to $70.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. Hsbc Global Res raised shares of Birkenstock to a "strong-buy" rating in a research note on Tuesday, December 3rd. Piper Sandler initiated coverage on Birkenstock in a research report on Tuesday, December 10th. They issued an "overweight" rating and a $65.00 price objective for the company. Finally, BTIG Research boosted their target price 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 issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $68.31.

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.