Quantbot Technologies LP lifted its position in shares of Birkenstock Holding plc (NYSE:BIRK - Free Report) by 16.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 101,634 shares of the company's stock after acquiring an additional 14,346 shares during the quarter. Quantbot Technologies LP owned approximately 0.05% of Birkenstock worth $5,759,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in BIRK. HighTower Advisors LLC boosted its stake in Birkenstock by 370.8% in the third quarter. HighTower Advisors LLC now owns 26,165 shares of the company's stock valued at $1,289,000 after acquiring an additional 20,607 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Birkenstock in the 3rd quarter valued at $1,323,000. Renaissance Capital LLC boosted its position in shares of Birkenstock by 94.0% in the 4th quarter. Renaissance Capital LLC now owns 82,190 shares of the company's stock worth $4,657,000 after purchasing an additional 39,831 shares during the last quarter. FMR LLC boosted its position in shares of Birkenstock by 61.4% in the 3rd quarter. FMR LLC now owns 2,128,689 shares of the company's stock worth $104,923,000 after purchasing an additional 809,784 shares during the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Birkenstock during the fourth quarter worth $606,000. Institutional investors and hedge funds own 19.93% of the company's stock.
Birkenstock Stock Performance
NYSE BIRK traded up $2.41 on Wednesday, hitting $46.08. 1,866,881 shares of the stock were exchanged, compared to its average volume of 1,231,853. The business's fifty day moving average is $53.77 and its 200 day moving average is $51.66. Birkenstock Holding plc has a 52 week low of $41.00 and a 52 week high of $64.78. The company has a market capitalization of $8.66 billion, a PE ratio of 37.16, a P/E/G ratio of 1.02 and a beta of 1.90. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.84 and a quick ratio of 1.08.
Birkenstock (NYSE:BIRK - Get Free Report) last issued its earnings results 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 net margin of 11.73% and a return on equity of 9.52%. The company had revenue of $385.88 million for the quarter, compared to analysts' expectations of $355.80 million. Research analysts anticipate that Birkenstock Holding plc will post 1.77 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the company. BTIG Research raised their target price on Birkenstock from $60.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Piper Sandler started coverage on shares of Birkenstock in a research note on Tuesday, December 10th. They set an "overweight" rating and a $65.00 price objective on the stock. UBS Group boosted their price objective on shares of Birkenstock from $83.00 to $95.00 and gave the company a "buy" rating in a report on Thursday, December 19th. BMO Capital Markets increased their target price on shares of Birkenstock from $60.00 to $70.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. Finally, Hsbc Global Res raised shares of Birkenstock to a "strong-buy" rating in a report on Tuesday, December 3rd. Two equities 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $68.31.
Read Our Latest 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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