Polymer Capital Management US LLC Purchases Shares of 6,997 Birkenstock Holding plc (NYSE:BIRK)

Polymer Capital Management US LLC purchased 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 and Exchange Commission. The firm purchased 6,997 shares of the company's stock, valued at approximately $396,000.

Several other institutional investors have also recently made changes to their positions in BIRK. Quarry LP purchased a new stake in shares of Birkenstock in the 3rd quarter valued at $25,000. Signaturefd LLC increased its stake in Birkenstock by 642.6% during the fourth quarter. Signaturefd LLC now owns 505 shares of the company's stock worth $29,000 after purchasing an additional 437 shares during the period. MetLife Investment Management LLC lifted its position in shares of Birkenstock by 52.2% during the third 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. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Birkenstock in the fourth quarter valued at approximately $34,000. Finally, Headlands Technologies LLC acquired a new position in shares of Birkenstock in the fourth quarter valued at approximately $76,000. Hedge funds and other institutional investors own 19.93% of the company's stock.

Analysts Set New Price Targets

BIRK has been the topic of several recent research reports. Piper Sandler cut their price target on Birkenstock from $70.00 to $60.00 and set an "overweight" rating on the stock in a report on Friday. BMO Capital Markets upped their target price on shares of Birkenstock from $60.00 to $70.00 and gave the stock an "outperform" rating in a research note on Thursday, December 19th. UBS Group lifted their price target on shares of Birkenstock from $83.00 to $95.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. BTIG Research increased their price objective on shares of Birkenstock from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $70.00 price objective on shares of Birkenstock in a research report on Thursday, February 20th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $67.50.

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Birkenstock Stock Up 1.7 %

Shares of BIRK stock traded up $0.81 during mid-day trading on Friday, reaching $48.06. 2,037,828 shares of the company were exchanged, compared to its average volume of 1,348,088. The company has a market capitalization of $9.03 billion, a P/E ratio of 38.76, a P/E/G ratio of 1.02 and a beta of 1.71. The business's 50 day simple moving average is $48.71 and its 200 day simple moving average is $51.39. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 2.84. Birkenstock Holding plc has a fifty-two week low of $40.56 and a fifty-two week high of $64.78.

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