Bramshill Investments LLC Reduces Position in Birkenstock Holding plc (NYSE:BIRK)

Bramshill Investments LLC lessened its stake in shares of Birkenstock Holding plc (NYSE:BIRK - Free Report) by 65.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,500 shares of the company's stock after selling 10,500 shares during the period. Bramshill Investments LLC's holdings in Birkenstock were worth $312,000 as of its most recent filing with the Securities & Exchange Commission.

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

Birkenstock Stock Up 0.3 %

Shares of BIRK traded up $0.13 during mid-day trading on Wednesday, hitting $51.87. 1,473,677 shares of the company's stock were exchanged, compared to its average volume of 1,405,378. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 2.84. The company has a market cap of $9.74 billion, a price-to-earnings ratio of 41.83, a P/E/G ratio of 1.02 and a beta of 1.56. The stock's 50-day moving average is $47.17 and its 200-day moving average is $51.41. Birkenstock Holding plc has a fifty-two week low of $40.56 and a fifty-two week high of $64.78.

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

Analyst Ratings Changes

A number of analysts have commented on BIRK shares. Stifel Nicolaus cut their price objective on shares of Birkenstock from $70.00 to $62.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Piper Sandler dropped their target price 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 lifted their price target on Birkenstock from $68.00 to $72.00 and gave the stock a "buy" rating in a report on Monday. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $70.00 price objective on shares of Birkenstock in a report on Thursday, February 20th. Two research 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $66.06.

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.