Sei Investments Co. acquired a new position in Birkenstock Holding plc (NYSE:BIRK - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,657 shares of the company's stock, valued at approximately $490,000.
Several other institutional investors have also recently made changes to their positions in the business. AGF Management Ltd. purchased a new position in shares of Birkenstock during the fourth quarter valued at about $37,153,000. Principal Financial Group Inc. increased its stake in Birkenstock by 581.8% during the fourth quarter. Principal Financial Group Inc. now owns 542,798 shares of the company's stock worth $30,755,000 after acquiring an additional 463,191 shares during the last quarter. State Street Corp lifted its stake in shares of Birkenstock by 49.4% during the 3rd quarter. State Street Corp now owns 402,899 shares of the company's stock worth $19,859,000 after acquiring an additional 133,212 shares during the last quarter. Tredje AP fonden boosted its holdings in Birkenstock by 106.7% during the 4th quarter. Tredje AP fonden now owns 310,000 shares of the company's stock valued at $17,565,000 after acquiring an additional 160,000 shares during the period. Finally, Wealth High Governance Capital Ltda grew its position in Birkenstock by 65.8% in the 4th quarter. Wealth High Governance Capital Ltda now owns 248,741 shares of the company's stock valued at $14,094,000 after acquiring an additional 98,741 shares during the last quarter. Hedge funds and other institutional investors own 19.93% of the company's stock.
Birkenstock Trading Down 1.6 %
BIRK traded down $0.79 during trading hours on Tuesday, reaching $47.63. The company's stock had a trading volume of 102,282 shares, compared to its average volume of 1,345,880. The stock has a market cap of $8.95 billion, a PE ratio of 38.27, a P/E/G ratio of 1.02 and a beta of 1.71. Birkenstock Holding plc has a fifty-two week low of $40.56 and a fifty-two week high of $64.78. The business's 50-day moving average is $48.55 and its 200-day moving average is $51.38. 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 announced its earnings results on Thursday, February 20th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. Birkenstock had a net margin of 11.73% and a return on equity of 9.52%. The firm had revenue of $385.88 million for the quarter, compared to the consensus estimate of $355.80 million. As a group, equities research analysts predict that Birkenstock Holding plc will post 1.77 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several research firms recently commented on BIRK. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $70.00 price target on shares of Birkenstock in a research note on Thursday, February 20th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Birkenstock from $65.00 to $66.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. BMO Capital Markets raised their target price on shares of Birkenstock from $60.00 to $70.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Robert W. Baird upped their price target on shares of Birkenstock from $65.00 to $72.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Finally, BTIG Research boosted their price target on Birkenstock from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Two 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.com, Birkenstock currently has a consensus rating of "Moderate Buy" and an average price target of $67.50.
Get Our Latest Analysis on Birkenstock
Birkenstock Company Profile
(
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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