26,838 Shares in Birkenstock Holding plc (NYSE:BIRK) Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Birkenstock Holding plc (NYSE:BIRK - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 26,838 shares of the company's stock, valued at approximately $1,323,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC acquired a new stake in shares of Birkenstock during the second quarter worth $61,972,000. FMR LLC boosted its position in Birkenstock by 61.4% during the third quarter. FMR LLC now owns 2,128,689 shares of the company's stock valued at $104,923,000 after acquiring an additional 809,784 shares during the last quarter. Ghisallo Capital Management LLC grew its holdings in Birkenstock by 800.0% during the 2nd quarter. Ghisallo Capital Management LLC now owns 900,000 shares of the company's stock worth $48,969,000 after acquiring an additional 800,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Birkenstock by 30.4% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,000,000 shares of the company's stock worth $163,230,000 after acquiring an additional 700,000 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. bought a new position in shares of Birkenstock in the 2nd quarter worth about $25,098,000. 19.93% of the stock is owned by institutional investors and hedge funds.

Birkenstock Stock Up 2.0 %

NYSE BIRK traded up $1.10 on Wednesday, reaching $57.16. The company had a trading volume of 5,639,601 shares, compared to its average volume of 1,054,559. The company has a quick ratio of 1.49, a current ratio of 2.91 and a debt-to-equity ratio of 0.55. The company's fifty day moving average is $49.81 and its 200 day moving average is $53.05. Birkenstock Holding plc has a 52-week low of $41.00 and a 52-week high of $64.78. The stock has a market capitalization of $10.74 billion, a P/E ratio of 93.70, a P/E/G ratio of 1.19 and a beta of 2.22.

Analyst Ratings Changes

Several equities research analysts recently commented on BIRK shares. BTIG Research raised their target price on Birkenstock from $60.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday. Stifel Nicolaus raised their price objective on shares of Birkenstock from $63.00 to $70.00 and gave the stock a "buy" rating in a research report on Friday, August 23rd. Evercore ISI reissued an "outperform" rating and set a $77.00 target price (up from $63.00) on shares of Birkenstock in a research note on Monday, August 26th. BMO Capital Markets restated an "outperform" rating and issued a $60.00 price target on shares of Birkenstock in a report on Friday, August 30th. Finally, UBS Group dropped their price objective on shares of Birkenstock from $85.00 to $83.00 and set a "buy" rating on the stock in a report on Tuesday, December 10th. Three analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.44.

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.