Birkenstock Holding plc (NYSE:BIRK) Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its stake in Birkenstock Holding plc (NYSE:BIRK - Free Report) by 9.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 552,500 shares of the company's stock after buying an additional 46,882 shares during the period. Renaissance Technologies LLC owned 0.29% of Birkenstock worth $31,305,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Quarry LP purchased a new stake in Birkenstock during the 3rd quarter valued at about $25,000. Signaturefd LLC boosted its position in Birkenstock by 642.6% in 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 last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Birkenstock in the 4th quarter worth approximately $34,000. Headlands Technologies LLC bought a new stake in shares of Birkenstock during the 4th quarter valued at $76,000. Finally, JPMorgan Chase & Co. grew its holdings in Birkenstock by 112.0% during the fourth quarter. JPMorgan Chase & Co. now owns 1,338 shares of the company's stock valued at $76,000 after purchasing an additional 707 shares during the period. 19.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BIRK shares. Robert W. Baird increased their target price on shares of Birkenstock from $65.00 to $72.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. Piper Sandler decreased their price target on Birkenstock from $70.00 to $60.00 and set an "overweight" rating on the stock in a report on Friday. UBS Group upped their price objective on Birkenstock from $83.00 to $95.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. BTIG Research lifted their target price on Birkenstock from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Finally, Stifel Nicolaus dropped their price target on Birkenstock from $70.00 to $62.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $67.50.

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Birkenstock Stock Performance

Shares of BIRK traded down $1.12 during trading hours on Tuesday, hitting $47.29. The stock had a trading volume of 1,232,060 shares, compared to its average volume of 1,352,105. The firm has a market capitalization of $8.88 billion, a price-to-earnings ratio of 38.14, a PEG ratio of 1.02 and a beta of 1.71. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 2.84. The firm has a 50-day moving average price of $48.55 and a 200 day moving average price of $51.38. 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 posted its quarterly earnings data on Thursday, February 20th. The company reported $0.19 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 business had revenue of $385.88 million during the quarter, compared to analysts' expectations of $355.80 million. As a group, research analysts anticipate that Birkenstock Holding plc will post 1.77 EPS for the current year.

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.