True Vision MN LLC Makes New Investment in Birkenstock Holding plc (NYSE:BIRK)

True Vision MN LLC purchased a new stake in Birkenstock Holding plc (NYSE:BIRK - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 8,858 shares of the company's stock, valued at approximately $502,000.

Several other institutional investors have also bought and sold shares of BIRK. Quarry LP acquired a new stake in Birkenstock in the 3rd quarter valued at $25,000. MetLife Investment Management LLC boosted its stake in Birkenstock by 52.2% in the third quarter. MetLife Investment Management LLC now owns 688 shares of the company's stock worth $34,000 after purchasing an additional 236 shares in the last quarter. GAMMA Investing LLC boosted its stake in Birkenstock by 33.7% in the third quarter. GAMMA Investing LLC now owns 893 shares of the company's stock worth $44,000 after purchasing an additional 225 shares in the last quarter. Amalgamated Bank boosted its stake in Birkenstock by 51.8% in the third quarter. Amalgamated Bank now owns 2,071 shares of the company's stock worth $102,000 after purchasing an additional 707 shares in the last quarter. Finally, R Squared Ltd acquired a new position in Birkenstock in the fourth quarter worth $143,000. Institutional investors and hedge funds own 19.93% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Robert W. Baird boosted their price objective on Birkenstock from $65.00 to $72.00 and gave the stock an "outperform" rating in a research note on Thursday, December 19th. Hsbc Global Res raised Birkenstock to a "strong-buy" rating in a research note on Tuesday, December 3rd. BTIG Research boosted their price objective on Birkenstock from $60.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. BMO Capital Markets upped their price target on Birkenstock from $60.00 to $70.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Finally, Piper Sandler initiated coverage on Birkenstock in a research note on Tuesday, December 10th. They set an "overweight" rating and a $65.00 price target on the stock. Two investment 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 data from MarketBeat.com, Birkenstock currently has a consensus rating of "Moderate Buy" and an average price target of $68.31.

Birkenstock Trading Down 2.7 %

Shares of Birkenstock stock traded down $1.53 during trading hours on Friday, hitting $55.40. The company's stock had a trading volume of 583,472 shares, compared to its average volume of 1,375,383. Birkenstock Holding plc has a 12 month low of $41.00 and a 12 month high of $64.78. The stock has a 50 day moving average of $57.52 and a 200 day moving average of $53.38. The company has a market capitalization of $10.40 billion, a PE ratio of 51.32, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.60 and a quick ratio of 1.20.

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.