Roubaix Capital LLC purchased a new stake in shares of Birkenstock Holding plc (NYSE:BIRK - Free Report) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 91,370 shares of the company's stock, valued at approximately $4,504,000. Birkenstock makes up 2.5% of Roubaix Capital LLC's investment portfolio, making the stock its 15th largest position.
Other hedge funds have also recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new stake in shares of Birkenstock during the 1st quarter worth $702,000. Capital World Investors lifted its holdings in shares of Birkenstock by 1.0% during the 1st quarter. Capital World Investors now owns 1,469,369 shares of the company's stock worth $69,428,000 after acquiring an additional 14,089 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Birkenstock during the 1st quarter worth $744,000. Seven Eight Capital LP bought a new stake in shares of Birkenstock during the 1st quarter worth $950,000. Finally, Federated Hermes Inc. lifted its stake in Birkenstock by 42.0% in the second quarter. Federated Hermes Inc. now owns 1,071,235 shares of the company's stock worth $58,286,000 after purchasing an additional 316,935 shares during the last quarter. 19.93% of the stock is currently owned by hedge funds and other institutional investors.
Birkenstock Stock Down 1.5 %
BIRK stock traded down $0.71 during midday trading on Thursday, hitting $46.02. The stock had a trading volume of 1,136,010 shares, compared to its average volume of 1,013,574. The firm has a market cap of $8.64 billion and a price-to-earnings ratio of 75.44. The business has a 50-day moving average of $50.00 and a two-hundred day moving average of $52.18. Birkenstock Holding plc has a 52-week low of $37.98 and a 52-week high of $64.78. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.91 and a quick ratio of 1.49.
Birkenstock (NYSE:BIRK - Get Free Report) last issued its quarterly earnings results 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). Birkenstock had a return on equity of 5.79% and a net margin of 6.26%. The firm had revenue of $564.76 million during the quarter, compared to analysts' expectations of $628.70 million. As a group, equities research analysts forecast that Birkenstock Holding plc will post 1.39 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
BIRK has been the topic of several analyst reports. Telsey Advisory Group reiterated an "outperform" rating and issued a $70.00 price objective on shares of Birkenstock in a report on Tuesday, September 24th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $60.00 price target on shares of Birkenstock in a research note on Friday, August 30th. Bank of America raised Birkenstock from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $62.00 to $65.00 in a research note on Thursday, July 25th. Stifel Nicolaus lifted their price target on Birkenstock from $63.00 to $70.00 and gave the stock a "buy" rating in a research note on Friday, August 23rd. Finally, BTIG Research set a $60.00 price target on Birkenstock and gave the stock a "buy" rating in a research note on Friday, October 18th. Four analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $62.11.
View Our Latest Research Report on Birkenstock
About Birkenstock
(
Free Report)
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.
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