Birkenstock Holding plc (NYSE:BIRK) Shares Sold by Barclays PLC

Barclays PLC trimmed its stake in shares of Birkenstock Holding plc (NYSE:BIRK - Free Report) by 98.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,795 shares of the company's stock after selling 390,801 shares during the quarter. Barclays PLC's holdings in Birkenstock were worth $441,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Legal & General Group Plc boosted its position in shares of Birkenstock by 12.3% during the 4th quarter. Legal & General Group Plc now owns 3,158 shares of the company's stock worth $179,000 after acquiring an additional 347 shares in the last quarter. Signaturefd LLC boosted its position in shares of Birkenstock by 642.6% during the 4th quarter. Signaturefd LLC now owns 505 shares of the company's stock worth $29,000 after acquiring an additional 437 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Birkenstock during the 4th quarter worth about $34,000. Venturi Wealth Management LLC boosted its position in shares of Birkenstock by 9.3% during the 4th quarter. Venturi Wealth Management LLC now owns 7,292 shares of the company's stock worth $413,000 after acquiring an additional 622 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Birkenstock by 112.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,338 shares of the company's stock worth $76,000 after acquiring an additional 707 shares in the last quarter. 19.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Telsey Advisory Group reaffirmed an "outperform" rating and set a $70.00 price objective on shares of Birkenstock in a research report on Friday, May 9th. Stifel Nicolaus reduced their price objective on Birkenstock from $70.00 to $62.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. UBS Group increased their target price on Birkenstock from $68.00 to $72.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Finally, Piper Sandler cut their target price on Birkenstock from $70.00 to $60.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Two equities research 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's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $66.06.

Birkenstock Trading Up 5.9%

Shares of Birkenstock stock traded up $3.20 during mid-day trading on Thursday, hitting $57.69. 2,647,363 shares of the stock were exchanged, compared to its average volume of 1,450,207. Birkenstock Holding plc has a twelve month low of $40.56 and a twelve month high of $64.78. The stock has a market capitalization of $10.84 billion, a price-to-earnings ratio of 46.65, a price-to-earnings-growth ratio of 1.02 and a beta of 1.56. The company has a 50-day simple moving average of $47.80 and a 200 day simple moving average of $51.52. 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 released its earnings results on Thursday, May 15th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. Birkenstock had a net margin of 11.73% and a return on equity of 9.52%. Research analysts forecast that Birkenstock Holding plc will post 1.77 EPS for the current 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.