Birkenstock Holding plc (NYSE:BIRK) Shares Bought by Nicholas Investment Partners LP

Nicholas Investment Partners LP increased its position in shares of Birkenstock Holding plc (NYSE:BIRK - Free Report) by 105.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,449 shares of the company's stock after acquiring an additional 8,441 shares during the period. Nicholas Investment Partners LP's holdings in Birkenstock were worth $932,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Birkenstock in the 4th quarter valued at about $131,786,000. Marshall Wace LLP raised its holdings in Birkenstock by 260.5% in the fourth quarter. Marshall Wace LLP now owns 1,100,692 shares of the company's stock valued at $62,365,000 after acquiring an additional 795,382 shares in the last quarter. AGF Management Ltd. purchased a new position in Birkenstock in the fourth quarter worth approximately $37,153,000. AXA S.A. acquired a new position in Birkenstock during the 4th quarter worth approximately $29,050,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Birkenstock by 9,658.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 470,182 shares of the company's stock valued at $26,641,000 after purchasing an additional 465,364 shares during the last quarter. 19.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on BIRK shares. BMO Capital Markets boosted their target price on shares of Birkenstock from $70.00 to $75.00 and gave the stock an "outperform" rating in a research note on Friday. BTIG Research raised their target price on Birkenstock from $70.00 to $72.00 and gave the stock a "buy" rating in a research report on Thursday. Evercore ISI boosted their target price on Birkenstock from $65.00 to $70.00 and gave the stock an "outperform" rating in a research note on Monday. Bank of America increased their price target on shares of Birkenstock from $70.00 to $73.00 and gave the company a "buy" rating in a research note on Friday. Finally, Piper Sandler lowered their target price on shares of Birkenstock from $70.00 to $60.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $67.19.

Birkenstock Price Performance

Shares of BIRK traded down $0.62 during mid-day trading on Monday, hitting $56.07. The company's stock had a trading volume of 2,919,048 shares, compared to its average volume of 1,484,219. 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 Holding plc has a 1-year low of $40.56 and a 1-year high of $64.78. The firm has a market capitalization of $10.53 billion, a P/E ratio of 45.22, a P/E/G ratio of 1.02 and a beta of 1.56. The firm has a 50-day simple moving average of $48.32 and a 200 day simple moving average of $51.72.

Birkenstock (NYSE:BIRK - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The company reported $0.58 EPS for the quarter, beating 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%. The firm had revenue of $623.54 million during the quarter, compared to analysts' expectations of $567.84 million. During the same quarter last year, the business earned $0.38 earnings per share. The business's revenue for the quarter was up 19.3% compared to the same quarter last year. Analysts predict that Birkenstock Holding plc will post 1.77 EPS for the current fiscal year.

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.