Oak Thistle LLC Makes New Investment in Birkenstock Holding plc (NYSE:BIRK)

Oak Thistle LLC bought a new stake in shares of Birkenstock Holding plc (NYSE:BIRK - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 8,079 shares of the company's stock, valued at approximately $458,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quarry LP acquired a new position in Birkenstock during the third quarter worth $25,000. MetLife Investment Management LLC increased its position in shares of Birkenstock by 52.2% during the 3rd quarter. MetLife Investment Management LLC now owns 688 shares of the company's stock worth $34,000 after purchasing an additional 236 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Birkenstock by 33.7% during the 3rd quarter. GAMMA Investing LLC now owns 893 shares of the company's stock worth $44,000 after purchasing an additional 225 shares in the last quarter. Amalgamated Bank boosted its position in Birkenstock by 51.8% in the third quarter. Amalgamated Bank now owns 2,071 shares of the company's stock valued at $102,000 after buying an additional 707 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Birkenstock during the second quarter worth about $136,000. Institutional investors own 19.93% of the company's stock.

Birkenstock Trading Up 3.7 %

Shares of Birkenstock stock traded up $2.17 on Friday, hitting $60.02. 1,681,257 shares of the company's stock traded hands, compared to its average volume of 1,188,305. Birkenstock Holding plc has a one year low of $41.00 and a one year high of $64.78. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.60 and a quick ratio of 1.20. The stock has a market capitalization of $11.27 billion, a PE ratio of 55.57, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61. The firm's 50-day moving average price is $53.65 and its two-hundred day moving average price is $53.00.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on BIRK shares. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Birkenstock from $65.00 to $66.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Piper Sandler initiated coverage on Birkenstock in a research report on Tuesday, December 10th. They issued an "overweight" rating and a $65.00 price objective for the company. UBS Group increased their target price on Birkenstock from $83.00 to $95.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. BMO Capital Markets lifted their price target on Birkenstock from $60.00 to $70.00 and gave the company an "outperform" rating in a report on Thursday, December 19th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $70.00 price objective on shares of Birkenstock in a report on Thursday, December 19th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Birkenstock presently has an average rating of "Moderate Buy" and an average price target of $68.31.

Birkenstock 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.