OPTIMAS CAPITAL Ltd Acquires New Shares in Birkenstock Holding plc (NYSE:BIRK)

OPTIMAS CAPITAL Ltd bought a new position in shares of Birkenstock Holding plc (NYSE:BIRK - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 37,500 shares of the company's stock, valued at approximately $2,125,000. Birkenstock comprises approximately 2.9% of OPTIMAS CAPITAL Ltd's portfolio, making the stock its 17th biggest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Amalgamated Bank increased its holdings 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 purchasing an additional 707 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Birkenstock by 12.7% in the third quarter. Victory Capital Management Inc. now owns 388,360 shares of the company's stock worth $19,142,000 after acquiring an additional 43,657 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Birkenstock by 59.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,627 shares of the company's stock worth $327,000 after acquiring an additional 2,473 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Birkenstock in the third quarter worth about $1,048,000. Finally, Crestwood Capital Management L.P. increased its holdings in shares of Birkenstock by 20.8% in the third quarter. Crestwood Capital Management L.P. now owns 147,853 shares of the company's stock worth $7,288,000 after acquiring an additional 25,451 shares in the last quarter. Institutional investors own 19.93% of the company's stock.

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Analyst Ratings Changes

BIRK has been the subject of several recent analyst reports. Telsey Advisory Group restated an "outperform" rating and issued a $70.00 price target on shares of Birkenstock in a report on Thursday, February 20th. BTIG Research upped their price objective on Birkenstock from $60.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. UBS Group upped their price objective on Birkenstock from $83.00 to $95.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Piper Sandler initiated coverage on Birkenstock in a research report on Tuesday, December 10th. They set an "overweight" rating and a $65.00 price objective for the company. Finally, HSBC raised Birkenstock from a "hold" rating to a "buy" rating and upped their price objective for the stock from $58.00 to $60.00 in a research report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $68.31.

Birkenstock Stock Performance

Shares of BIRK traded up $0.17 during mid-day trading on Friday, reaching $45.33. The company's stock had a trading volume of 882,603 shares, compared to its average volume of 1,235,692. Birkenstock Holding plc has a 1-year low of $41.00 and a 1-year high of $64.78. The stock has a market cap of $8.51 billion, a P/E ratio of 36.56, a PEG ratio of 1.02 and a beta of 1.90. The business has a 50-day simple moving average of $53.06 and a two-hundred day simple moving average of $51.55. The company has a current ratio of 2.84, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48.

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

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.