Natixis Advisors LLC Purchases New Holdings in Birkenstock Holding plc (NYSE:BIRK)

Natixis Advisors LLC acquired 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 13F filing with the SEC. The firm acquired 10,178 shares of the company's stock, valued at approximately $577,000.

A number of other hedge funds also recently made changes to their positions in BIRK. Quarry LP bought a new stake in Birkenstock in the 3rd quarter worth approximately $25,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Birkenstock during the fourth quarter worth approximately $34,000. MetLife Investment Management LLC lifted its holdings in shares of Birkenstock by 52.2% in the 3rd quarter. MetLife Investment Management LLC now owns 688 shares of the company's stock worth $34,000 after acquiring an additional 236 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Birkenstock in the 4th quarter valued at $143,000. Finally, Machina Capital S.A.S. bought a new position in shares of Birkenstock during the 4th quarter valued at $219,000. 19.93% of the stock is owned by institutional investors.

Birkenstock Trading Up 0.5 %

Shares of NYSE:BIRK traded up $0.25 on Monday, hitting $45.99. The company had a trading volume of 1,078,329 shares, compared to its average volume of 1,270,570. Birkenstock Holding plc has a 1 year low of $41.00 and a 1 year high of $64.78. 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's 50-day simple moving average is $51.69 and its two-hundred day simple moving average is $51.64. The firm has a market capitalization of $8.64 billion, a price-to-earnings ratio of 37.08, a P/E/G ratio of 1.02 and a beta of 1.90.

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Birkenstock (NYSE:BIRK - Get Free Report) last issued 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. Birkenstock had a net margin of 11.73% and a return on equity of 9.52%. The business had revenue of $385.88 million during the quarter, compared to analyst estimates of $355.80 million. Equities analysts anticipate that Birkenstock Holding plc will post 1.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BIRK. Telsey Advisory Group reissued an "outperform" rating and issued a $70.00 price target on shares of Birkenstock in a research note on Thursday, February 20th. BTIG Research boosted their target price on Birkenstock from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. BMO Capital Markets raised their price target on Birkenstock from $60.00 to $70.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. Hsbc Global Res upgraded Birkenstock to a "strong-buy" rating in a research report on Tuesday, December 3rd. Finally, HSBC raised 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 research note on Tuesday, December 3rd. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $68.31.

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.