XTX Topco Ltd Acquires Shares of 12,346 Birkenstock Holding plc (NYSE:BIRK)

XTX Topco Ltd acquired a new position in shares of Birkenstock Holding plc (NYSE:BIRK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,346 shares of the company's stock, valued at approximately $700,000.

Several other large investors also recently modified their holdings of BIRK. Charles Schwab Investment Management Inc. grew its position in shares of Birkenstock by 59.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,627 shares of the company's stock worth $327,000 after buying an additional 2,473 shares during the period. Stifel Financial Corp acquired a new stake in shares of Birkenstock during the 3rd quarter worth approximately $1,315,000. State Street Corp grew its position 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 buying an additional 133,212 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Birkenstock during the 3rd quarter worth approximately $1,536,000. Finally, Geode Capital Management LLC grew its position in shares of Birkenstock by 50.5% during the 3rd quarter. Geode Capital Management LLC now owns 188,714 shares of the company's stock worth $9,302,000 after buying an additional 63,289 shares during the period. Institutional investors and hedge funds own 19.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Piper Sandler reduced their price target on shares of Birkenstock from $70.00 to $60.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Stifel Nicolaus reduced their price target on shares of Birkenstock from $70.00 to $62.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $70.00 price target on shares of Birkenstock in a research report on Thursday, February 20th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $67.50.

Birkenstock Stock Performance

BIRK traded up $1.09 during trading on Wednesday, hitting $49.21. 250,431 shares of the company traded hands, compared to its average volume of 1,713,367. The firm has a market cap of $9.24 billion, a P/E ratio of 39.69, a price-to-earnings-growth ratio of 1.02 and a beta of 1.71. The stock's fifty day moving average is $47.50 and its 200 day moving average is $51.33. The company has a quick ratio of 1.08, a current ratio of 2.84 and a debt-to-equity ratio of 0.48. Birkenstock Holding plc has a one year low of $40.56 and a one year high of $64.78.

Birkenstock (NYSE:BIRK - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. The company had revenue of $385.88 million during the quarter, compared to analyst estimates 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 predict that Birkenstock Holding plc will post 1.77 EPS for the current fiscal year.

Birkenstock Company 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.