Giverny Capital Inc. Buys Shares of 27,392 Birkenstock Holding plc (NYSE:BIRK)

Giverny Capital Inc. acquired a new stake in Birkenstock Holding plc (NYSE:BIRK - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,392 shares of the company's stock, valued at approximately $1,552,000.

A number of other large investors have also recently added to or reduced their stakes in the business. HighTower Advisors LLC raised its position in Birkenstock by 370.8% in the third quarter. HighTower Advisors LLC now owns 26,165 shares of the company's stock valued at $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 Birkenstock in the 3rd quarter valued at about $1,323,000. Renaissance Capital LLC increased its stake in Birkenstock by 94.0% during the fourth quarter. Renaissance Capital LLC now owns 82,190 shares of the company's stock worth $4,657,000 after purchasing an additional 39,831 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in shares of Birkenstock during the fourth quarter worth about $606,000. Finally, Handelsbanken Fonder AB purchased a new position in shares of Birkenstock in the fourth quarter valued at approximately $391,000. 19.93% of the stock is currently owned by institutional investors and hedge funds.

Birkenstock Stock Performance

NYSE:BIRK traded up $0.43 during trading hours on Friday, reaching $47.60. 1,422,705 shares of the company's stock were exchanged, compared to its average volume of 1,357,905. The company has a quick ratio of 1.08, a current ratio of 2.84 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $8.94 billion, a price-to-earnings ratio of 38.39, a P/E/G 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 has a 50-day moving average of $48.01 and a 200 day moving average of $51.31.

Birkenstock (NYSE:BIRK - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. The business had revenue of $385.88 million for the quarter, compared to analyst estimates of $355.80 million. Birkenstock had a net margin of 11.73% and a return on equity of 9.52%. Research analysts anticipate that Birkenstock Holding plc will post 1.77 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BIRK shares. BMO Capital Markets increased their target price on shares of Birkenstock from $60.00 to $70.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft boosted their target price on Birkenstock from $65.00 to $66.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Piper Sandler reduced their price target on Birkenstock from $70.00 to $60.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Telsey Advisory Group restated an "outperform" rating and set a $70.00 target price on shares of Birkenstock in a research note on Thursday, February 20th. Finally, UBS Group lifted their price target on shares of Birkenstock from $83.00 to $95.00 and gave the stock a "buy" 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 given a strong buy rating to the company. According to MarketBeat, Birkenstock currently has a consensus rating of "Moderate Buy" and a consensus 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.