Tredje AP fonden Grows Stock Holdings in Birkenstock Holding plc (NYSE:BIRK)

Tredje AP fonden raised its holdings in shares of Birkenstock Holding plc (NYSE:BIRK - Free Report) by 106.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 310,000 shares of the company's stock after purchasing an additional 160,000 shares during the period. Tredje AP fonden owned 0.17% of Birkenstock worth $17,565,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. HighTower Advisors LLC increased its stake in shares of Birkenstock by 13.8% during the fourth quarter. HighTower Advisors LLC now owns 29,785 shares of the company's stock valued at $1,688,000 after purchasing an additional 3,620 shares in the last quarter. Wealth High Governance Capital Ltda increased its position in shares of Birkenstock by 65.8% during the fourth 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 in the last quarter. AGF Management Ltd. bought a new stake in shares of Birkenstock during the fourth quarter valued at approximately $37,153,000. PCJ Investment Counsel Ltd. bought a new stake in shares of Birkenstock during the fourth quarter valued at approximately $708,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Birkenstock during the fourth quarter valued at approximately $34,000. Institutional investors own 19.93% of the company's stock.

Birkenstock Stock Performance

Shares of Birkenstock stock traded down $0.11 on Friday, hitting $43.79. 1,964,904 shares of the company's stock were exchanged, compared to its average volume of 1,217,693. The company has a 50-day simple moving average of $54.31 and a 200-day simple moving average of $51.82. The stock has a market capitalization of $8.22 billion, a PE ratio of 35.31, a PEG ratio of 1.02 and a beta of 1.90. Birkenstock Holding plc has a 1 year low of $41.00 and a 1 year high of $64.78. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 2.84.

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Birkenstock (NYSE:BIRK - Get Free Report) last issued its quarterly 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 for the quarter, compared to analysts' expectations of $355.80 million. Birkenstock had a net margin of 11.73% and a return on equity of 9.52%. As a group, equities analysts anticipate that Birkenstock Holding plc will post 1.77 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BIRK shares. UBS Group raised their price target on shares of Birkenstock from $83.00 to $95.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. HSBC raised shares of Birkenstock from a "hold" rating to a "buy" rating and raised their price target for the company from $58.00 to $60.00 in a research report on Tuesday, December 3rd. Robert W. Baird raised their price target on shares of Birkenstock from $65.00 to $72.00 and gave the company an "outperform" rating in a research report on Thursday, December 19th. Hsbc Global Res raised shares of Birkenstock to a "strong-buy" rating in a research report on Tuesday, December 3rd. Finally, BTIG Research lifted their target price on shares of Birkenstock from $60.00 to $70.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $68.31.

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.