Bamco Inc. NY Buys 256,844 Shares of Birkenstock Holding plc (NYSE:BIRK)

Bamco Inc. NY increased its holdings in shares of Birkenstock Holding plc (NYSE:BIRK - Free Report) by 8.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,359,351 shares of the company's stock after buying an additional 256,844 shares during the quarter. Bamco Inc. NY owned 1.79% of Birkenstock worth $190,341,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of BIRK. Renaissance Capital LLC boosted its stake in Birkenstock by 94.0% in the 4th quarter. Renaissance Capital LLC now owns 82,190 shares of the company's stock worth $4,657,000 after purchasing an additional 39,831 shares during the period. Oppenheimer & Co. Inc. bought a new stake in Birkenstock in the 4th quarter valued at approximately $606,000. Handelsbanken Fonder AB acquired a new stake in shares of Birkenstock in the fourth quarter valued at approximately $391,000. Norges Bank acquired a new position in Birkenstock during the fourth quarter worth $131,786,000. Finally, Principal Financial Group Inc. increased its stake in Birkenstock by 581.8% in the 4th quarter. Principal Financial Group Inc. now owns 542,798 shares of the company's stock valued at $30,755,000 after buying an additional 463,191 shares during the last quarter. Institutional investors own 19.93% of the company's stock.

Birkenstock Trading Up 0.3 %

NYSE:BIRK traded up $0.13 during trading hours on Wednesday, hitting $51.87. 1,473,677 shares of the company were exchanged, compared to its average volume of 1,405,375. The company has a fifty day simple moving average of $47.17 and a 200 day simple moving average of $51.41. Birkenstock Holding plc has a one year low of $40.56 and a one year high of $64.78. The stock has a market capitalization of $9.74 billion, a price-to-earnings ratio of 41.83, a price-to-earnings-growth ratio of 1.02 and a beta of 1.56. The company has a current ratio of 2.84, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48.

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

Analysts Set New Price Targets

Several brokerages recently commented on BIRK. Telsey Advisory Group reissued an "outperform" rating and set a $70.00 price target on shares of Birkenstock in a research report on Thursday, February 20th. UBS Group increased their price target on shares of Birkenstock from $68.00 to $72.00 and gave the company a "buy" rating in a research note on Monday. Piper Sandler dropped their target price on shares of Birkenstock from $70.00 to $60.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Finally, Stifel Nicolaus reduced their price target on Birkenstock from $70.00 to $62.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $66.06.

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.