Capital World Investors Has $84.44 Million Holdings in Birkenstock Holding plc (NYSE:BIRK)

Capital World Investors raised its stake in Birkenstock Holding plc (NYSE:BIRK - Free Report) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,490,366 shares of the company's stock after buying an additional 16,466 shares during the quarter. Capital World Investors owned 0.79% of Birkenstock worth $84,444,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Renaissance Capital LLC lifted its stake in Birkenstock by 94.0% in the fourth quarter. Renaissance Capital LLC now owns 82,190 shares of the company's stock valued at $4,657,000 after buying an additional 39,831 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in shares of Birkenstock during the fourth quarter worth about $606,000. Handelsbanken Fonder AB acquired a new stake in shares of Birkenstock during the fourth quarter worth about $391,000. State Street Corp raised its position in shares of Birkenstock by 49.4% during the third quarter. State Street Corp now owns 402,899 shares of the company's stock worth $19,859,000 after purchasing an additional 133,212 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Birkenstock by 50.5% during 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 during the period. Institutional investors and hedge funds own 19.93% of the company's stock.

Birkenstock Stock Performance

Shares of BIRK traded up $0.52 during mid-day trading on Friday, reaching $50.74. The company's stock had a trading volume of 1,522,406 shares, compared to its average volume of 1,380,837. Birkenstock Holding plc has a 1-year low of $40.56 and a 1-year high of $64.78. The stock has a market cap of $9.53 billion, a P/E ratio of 40.92, a PEG ratio of 1.02 and a beta of 1.71. The business has a 50-day simple moving average of $47.19 and a two-hundred day simple moving average of $51.38. 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 quarterly earnings data 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 company had revenue of $385.88 million during 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%. As a group, equities research analysts anticipate that Birkenstock Holding plc will post 1.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BIRK has been the topic of a number of research analyst reports. Piper Sandler dropped their price target on Birkenstock from $70.00 to $60.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Stifel Nicolaus decreased their price objective on Birkenstock from $70.00 to $62.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $70.00 price objective on shares of Birkenstock in a report on Thursday, February 20th. Two equities research 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's stock. According to MarketBeat.com, Birkenstock currently has an average rating of "Moderate Buy" and an average price target of $67.50.

About Birkenstock

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.