Oppenheimer & Co. Inc. Purchases Shares of 10,695 Birkenstock Holding plc (NYSE:BIRK)

Oppenheimer & Co. Inc. bought a new stake in Birkenstock Holding plc (NYSE:BIRK - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 10,695 shares of the company's stock, valued at approximately $606,000.

Other hedge funds have also bought and sold shares of the company. FMR LLC raised its position in shares of Birkenstock by 61.4% in the third quarter. FMR LLC now owns 2,128,689 shares of the company's stock valued at $104,923,000 after purchasing an additional 809,784 shares during the period. Principal Financial Group Inc. raised its holdings in Birkenstock by 581.8% in the 4th quarter. Principal Financial Group Inc. now owns 542,798 shares of the company's stock valued at $30,755,000 after acquiring an additional 463,191 shares during the period. Verition Fund Management LLC boosted its holdings in shares of Birkenstock by 201.0% during the third quarter. Verition Fund Management LLC now owns 345,852 shares of the company's stock worth $17,047,000 after acquiring an additional 230,947 shares during the period. BNP Paribas Financial Markets grew its position in shares of Birkenstock by 299.3% in the third quarter. BNP Paribas Financial Markets now owns 193,268 shares of the company's stock valued at $9,526,000 after purchasing an additional 144,863 shares during the last quarter. Finally, State Street Corp grew its holdings in Birkenstock by 49.4% in the 3rd quarter. State Street Corp now owns 402,899 shares of the company's stock valued at $19,859,000 after buying an additional 133,212 shares in the last quarter. 19.93% of the stock is currently owned by institutional investors and hedge funds.

Birkenstock Trading Down 4.7 %

Birkenstock stock traded down $2.15 during trading hours on Monday, hitting $43.50. The stock had a trading volume of 2,405,405 shares, compared to its average volume of 1,584,186. The stock has a market cap of $8.17 billion, a price-to-earnings ratio of 35.08, a P/E/G ratio of 1.02 and a beta of 1.90. 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 business's 50 day simple moving average is $55.55 and its 200-day simple moving average is $52.37. Birkenstock Holding plc has a one year low of $41.00 and a one year high of $64.78.

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Birkenstock (NYSE:BIRK - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03. The firm had revenue of $385.88 million during the quarter, compared to analysts' expectations of $355.80 million. Birkenstock had a net margin of 11.73% and a return on equity of 9.52%. On average, equities analysts predict that Birkenstock Holding plc will post 1.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. HSBC raised shares of Birkenstock from a "hold" rating to a "buy" rating and boosted their target price for the company from $58.00 to $60.00 in a research report on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Birkenstock from $65.00 to $66.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Hsbc Global Res upgraded shares of Birkenstock to a "strong-buy" rating in a research report on Tuesday, December 3rd. BTIG Research increased their price target on Birkenstock from $60.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Finally, Piper Sandler began coverage on Birkenstock in a research note on Tuesday, December 10th. They set an "overweight" rating and a $65.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.