GSA Capital Partners LLP Acquires 14,108 Shares of Birkenstock Holding plc (NYSE:BIRK)

GSA Capital Partners LLP lifted its stake in Birkenstock Holding plc (NYSE:BIRK - Free Report) by 109.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,051 shares of the company's stock after acquiring an additional 14,108 shares during the quarter. GSA Capital Partners LLP's holdings in Birkenstock were worth $1,333,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of BIRK. GAMMA Investing LLC increased its stake in shares of Birkenstock by 377.1% in the second quarter. GAMMA Investing LLC now owns 668 shares of the company's stock worth $36,000 after acquiring an additional 528 shares during the last quarter. Amalgamated Bank increased its stake in shares of Birkenstock by 51.8% in the third quarter. Amalgamated Bank now owns 2,071 shares of the company's stock worth $102,000 after acquiring an additional 707 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Birkenstock in the second quarter worth $136,000. MSA Advisors LLC acquired a new position in shares of Birkenstock in the second quarter worth $223,000. Finally, Venturi Wealth Management LLC increased its stake in shares of Birkenstock by 58.8% in the third quarter. Venturi Wealth Management LLC now owns 6,670 shares of the company's stock worth $329,000 after acquiring an additional 2,470 shares during the last quarter. 19.93% of the stock is owned by institutional investors and hedge funds.

Birkenstock Price Performance

Shares of NYSE BIRK traded down $0.33 during mid-day trading on Thursday, hitting $44.53. 492,052 shares of the stock were exchanged, compared to its average volume of 1,010,983. The company has a market cap of $8.36 billion and a P/E ratio of 73.57. The stock's fifty day simple moving average is $48.04 and its two-hundred day simple moving average is $52.36. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.49 and a current ratio of 2.91. Birkenstock Holding plc has a twelve month low of $39.20 and a twelve month high of $64.78.

Birkenstock (NYSE:BIRK - Get Free Report) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.07). The firm had revenue of $564.76 million for the quarter, compared to analyst estimates of $628.70 million. Birkenstock had a return on equity of 5.79% and a net margin of 6.26%. As a group, analysts forecast that Birkenstock Holding plc will post 1.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BIRK has been the topic of several analyst reports. Bank of America raised shares of Birkenstock from a "neutral" rating to a "buy" rating and increased their target price for the stock from $62.00 to $65.00 in a research report on Thursday, July 25th. Stifel Nicolaus increased their target price on shares of Birkenstock from $63.00 to $70.00 and gave the stock a "buy" rating in a research report on Friday, August 23rd. Telsey Advisory Group reissued an "outperform" rating and set a $70.00 target price on shares of Birkenstock in a research report on Tuesday, September 24th. Evercore ISI reissued an "outperform" rating and set a $77.00 target price (up from $63.00) on shares of Birkenstock in a research report on Monday, August 26th. Finally, BTIG Research set a $60.00 target price on shares of Birkenstock and gave the stock a "buy" rating in a research report on Friday, October 18th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.40.

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.