T. Rowe Price Investment Management Inc. Raises Holdings in Birkenstock Holding plc (NYSE:BIRK)

T. Rowe Price Investment Management Inc. raised its stake in shares of Birkenstock Holding plc (NYSE:BIRK - Free Report) by 5.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,124,254 shares of the company's stock after purchasing an additional 194,622 shares during the period. T. Rowe Price Investment Management Inc. owned 2.20% of Birkenstock worth $233,681,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its stake in Birkenstock by 1,084.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 126,596 shares of the company's stock valued at $7,174,000 after buying an additional 115,908 shares during the last quarter. Oxbow Capital Management HK Ltd bought a new position in shares of Birkenstock during the 4th quarter valued at approximately $10,029,000. Tower Research Capital LLC TRC grew its holdings in shares of Birkenstock by 1,356.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,244 shares of the company's stock valued at $297,000 after purchasing an additional 4,884 shares in the last quarter. Capital World Investors increased its position in Birkenstock by 1.1% in the fourth quarter. Capital World Investors now owns 1,490,366 shares of the company's stock worth $84,444,000 after purchasing an additional 16,466 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Birkenstock by 140.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 27,305 shares of the company's stock valued at $1,547,000 after purchasing an additional 15,961 shares in the last quarter. Hedge funds and other institutional investors own 19.93% of the company's stock.

Birkenstock Trading Up 1.3 %

Shares of Birkenstock stock traded up $0.64 on Monday, hitting $51.32. 1,219,191 shares of the company traded hands, compared to its average volume of 1,380,192. Birkenstock Holding plc has a 52 week low of $40.56 and a 52 week high of $64.78. The company has a market cap of $9.64 billion, a PE ratio of 41.39, a PEG ratio of 1.02 and a beta of 1.71. The stock's 50 day moving average price is $47.19 and its 200-day moving average price is $51.38. 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 issued 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. The business had revenue of $385.88 million during 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%. Equities research analysts predict that Birkenstock Holding plc will post 1.77 EPS for the current year.

Analyst Ratings Changes

BIRK has been the subject of a number of recent research reports. Telsey Advisory Group reissued an "outperform" rating and issued a $70.00 price objective on shares of Birkenstock in a research note on Thursday, February 20th. Piper Sandler dropped their price target on Birkenstock from $70.00 to $60.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Finally, Stifel Nicolaus decreased their price objective on Birkenstock from $70.00 to $62.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $67.50.

About Birkenstock

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.