Oxbow Capital Management HK Ltd Purchases New Position in Birkenstock Holding plc (NYSE:BIRK)

Oxbow Capital Management HK Ltd bought a new stake in Birkenstock Holding plc (NYSE:BIRK - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 177,000 shares of the company's stock, valued at approximately $10,029,000. Birkenstock accounts for about 3.6% of Oxbow Capital Management HK Ltd's portfolio, making the stock its 8th largest position. Oxbow Capital Management HK Ltd owned about 0.09% of Birkenstock as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of BIRK. Stifel Financial Corp acquired a new stake in Birkenstock in the 3rd quarter valued at approximately $1,315,000. State Street Corp raised its holdings in shares of Birkenstock by 49.4% in the third quarter. State Street Corp now owns 402,899 shares of the company's stock valued at $19,859,000 after purchasing an additional 133,212 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Birkenstock by 50.5% in the third quarter. Geode Capital Management LLC now owns 188,714 shares of the company's stock worth $9,302,000 after purchasing an additional 63,289 shares in the last quarter. Oak Thistle LLC acquired a new position in Birkenstock during the fourth quarter worth $458,000. Finally, R Squared Ltd bought a new position in Birkenstock in the fourth quarter valued at $143,000. Institutional investors and hedge funds own 19.93% of the company's stock.

Wall Street Analyst Weigh In

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

Birkenstock Stock Up 1.0 %

NYSE:BIRK traded up $0.52 during mid-day trading on Friday, hitting $50.74. 1,522,406 shares of the company's stock were exchanged, compared to its average volume of 1,376,885. The company has a market cap of $9.53 billion, a PE ratio of 40.92, a P/E/G ratio of 1.02 and a beta of 1.71. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.84 and a quick ratio of 1.08. Birkenstock Holding plc has a one year low of $40.56 and a one year high of $64.78. The business has a fifty day moving average price of $47.19 and a 200 day moving average price of $51.35.

Birkenstock (NYSE:BIRK - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.03. The business 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%. Equities analysts predict that Birkenstock Holding plc will post 1.77 EPS for the current year.

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.