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

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

Other large investors also recently modified their holdings of the company. HighTower Advisors LLC lifted its position in Birkenstock by 370.8% during the third quarter. HighTower Advisors LLC now owns 26,165 shares of the company's stock worth $1,289,000 after purchasing an additional 20,607 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Birkenstock in the 3rd quarter valued at approximately $1,323,000. Renaissance Capital LLC lifted its holdings in shares of Birkenstock by 94.0% during the 4th quarter. Renaissance Capital LLC now owns 82,190 shares of the company's stock worth $4,657,000 after acquiring an additional 39,831 shares during the period. FMR LLC lifted its holdings in shares of Birkenstock by 61.4% during the 3rd quarter. FMR LLC now owns 2,128,689 shares of the company's stock worth $104,923,000 after acquiring an additional 809,784 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Birkenstock during the 4th quarter worth approximately $606,000. 19.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on BIRK. BTIG Research boosted their price objective on shares of Birkenstock from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. UBS Group boosted their price target on Birkenstock from $83.00 to $95.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $70.00 price objective on shares of Birkenstock in a research note on Thursday, February 20th. HSBC upgraded Birkenstock from a "hold" rating to a "buy" rating and lifted their target price for the company from $58.00 to $60.00 in a research report on Tuesday, December 3rd. Finally, BMO Capital Markets increased their price objective on shares of Birkenstock from $60.00 to $70.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $68.31.

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Birkenstock Trading Down 3.1 %

Shares of NYSE BIRK traded down $1.46 during midday trading on Friday, reaching $45.73. The stock had a trading volume of 1,195,732 shares, compared to its average volume of 1,271,339. The company's 50 day moving average price is $51.97 and its 200 day moving average price is $51.54. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 2.84. Birkenstock Holding plc has a twelve month low of $41.00 and a twelve month high of $64.78. The firm has a market cap of $8.59 billion, a price-to-earnings ratio of 36.88, a price-to-earnings-growth ratio of 1.02 and a beta of 1.90.

Birkenstock (NYSE:BIRK - Get Free Report) last posted its quarterly earnings data 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. Birkenstock had a return on equity of 9.52% and a net margin of 11.73%. The firm had revenue of $385.88 million during the quarter, compared to analyst estimates of $355.80 million. As a group, sell-side analysts expect that Birkenstock Holding plc will post 1.77 EPS for the current 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.