Birkenstock Holding plc (NYSE:BIRK) Shares Acquired by BW Gestao de Investimentos Ltda.

BW Gestao de Investimentos Ltda. increased its stake in shares of Birkenstock Holding plc (NYSE:BIRK - Free Report) by 101.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 401,734 shares of the company's stock after purchasing an additional 202,309 shares during the quarter. Birkenstock makes up 0.7% of BW Gestao de Investimentos Ltda.'s holdings, making the stock its 13th largest position. BW Gestao de Investimentos Ltda. owned 0.21% of Birkenstock worth $22,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in BIRK. Signaturefd LLC grew its stake in Birkenstock by 642.6% during the 4th quarter. Signaturefd LLC now owns 505 shares of the company's stock worth $29,000 after buying an additional 437 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Birkenstock during the fourth quarter worth about $34,000. NewEdge Advisors LLC purchased a new stake in shares of Birkenstock during the fourth quarter worth about $45,000. Quarry LP increased its holdings in shares of Birkenstock by 120.3% during the fourth quarter. Quarry LP now owns 1,097 shares of the company's stock valued at $62,000 after acquiring an additional 599 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of Birkenstock in the 4th quarter valued at approximately $76,000. Institutional investors own 19.93% of the company's stock.

Birkenstock Stock Performance

Birkenstock stock traded up $0.30 during mid-day trading on Friday, hitting $52.77. The company had a trading volume of 852,509 shares, compared to its average volume of 1,409,029. The company has a market capitalization of $9.91 billion, a price-to-earnings ratio of 42.56, a P/E/G ratio of 1.02 and a beta of 1.56. Birkenstock Holding plc has a 12-month low of $40.56 and a 12-month high of $64.78. The company's fifty day moving average is $47.26 and its 200-day moving average is $51.42. 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 announced 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. Birkenstock had a net margin of 11.73% and a return on equity of 9.52%. The firm had revenue of $385.88 million for the quarter, compared to the consensus estimate of $355.80 million. Equities research analysts predict that Birkenstock Holding plc will post 1.77 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Stifel Nicolaus cut their price target on shares of Birkenstock from $70.00 to $62.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. UBS Group upped their target price on Birkenstock from $68.00 to $72.00 and gave the company a "buy" rating in a research report on Monday. Piper Sandler reduced 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. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $70.00 price target on shares of Birkenstock in a research note on Friday. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $66.06.

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.