8,021 Shares in Birkenstock Holding plc (NYSE:BIRK) Acquired by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP acquired a new position in shares of Birkenstock Holding plc (NYSE:BIRK - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 8,021 shares of the company's stock, valued at approximately $454,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Renaissance Capital LLC grew its stake in Birkenstock by 94.0% in the 4th quarter. Renaissance Capital LLC now owns 82,190 shares of the company's stock valued at $4,657,000 after acquiring an additional 39,831 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in Birkenstock during the fourth quarter worth about $606,000. Handelsbanken Fonder AB purchased a new stake in Birkenstock during the fourth quarter worth about $391,000. Norges Bank acquired a new position in shares of Birkenstock during the fourth quarter worth about $131,786,000. Finally, Principal Financial Group Inc. grew its position in shares of Birkenstock by 581.8% during the fourth quarter. Principal Financial Group Inc. now owns 542,798 shares of the company's stock worth $30,755,000 after buying an additional 463,191 shares in the last quarter. Institutional investors and hedge funds own 19.93% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BIRK. BTIG Research upped their price target on Birkenstock from $70.00 to $72.00 and gave the company a "buy" rating in a report on Thursday. Piper Sandler reduced their price objective on Birkenstock from $70.00 to $60.00 and set an "overweight" rating for the company in a report on Friday, April 11th. UBS Group upped their target price on Birkenstock from $68.00 to $72.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Telsey Advisory Group reissued an "outperform" rating and set a $70.00 price target on shares of Birkenstock in a research report on Thursday. Finally, Stifel Nicolaus decreased their target price on Birkenstock from $70.00 to $62.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $66.19.

Birkenstock Stock Up 5.9%

Shares of Birkenstock stock opened at $57.72 on Friday. Birkenstock Holding plc has a twelve month low of $40.56 and a twelve month high of $64.78. The company has a current ratio of 2.84, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $10.84 billion, a price-to-earnings ratio of 46.55, a PEG ratio of 1.02 and a beta of 1.56. The business's 50 day simple moving average is $48.09 and its 200-day simple moving average is $51.58.

Birkenstock (NYSE:BIRK - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.03. The firm had revenue of $385.88 million during the quarter, compared to analyst estimates of $355.80 million. Birkenstock had a return on equity of 9.52% and a net margin of 11.73%. Equities research analysts forecast that Birkenstock Holding plc will post 1.77 earnings per share 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.

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