UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stake in Birkenstock Holding plc (NYSE:BIRK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Birkenstock Holding plc (NYSE:BIRK - Free Report) by 170.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 72,538 shares of the company's stock after acquiring an additional 45,700 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in Birkenstock were worth $4,110,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in BIRK. Oppenheimer & Co. Inc. bought a new position in shares of Birkenstock during the 4th quarter worth approximately $606,000. Handelsbanken Fonder AB bought a new position in shares of Birkenstock during the 4th quarter worth approximately $391,000. Norges Bank bought a new position in shares of Birkenstock during the 4th quarter worth approximately $131,786,000. Principal Financial Group Inc. lifted its position in shares of Birkenstock by 581.8% during the 4th quarter. Principal Financial Group Inc. now owns 542,798 shares of the company's stock worth $30,755,000 after buying an additional 463,191 shares in the last quarter. Finally, Kessler Investment Group LLC bought a new position in shares of Birkenstock during the 4th quarter worth approximately $6,737,000. Institutional investors own 19.93% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on BIRK. Robert W. Baird lifted their target price on shares of Birkenstock from $65.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Evercore ISI lifted their price target on shares of Birkenstock from $65.00 to $70.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Piper Sandler lowered their price target on shares of Birkenstock from $70.00 to $60.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $70.00 price target on shares of Birkenstock in a report on Thursday, May 15th. Finally, BMO Capital Markets lifted their price target on shares of Birkenstock from $70.00 to $75.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Two 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $67.40.

Birkenstock Stock Performance

Birkenstock stock traded down $0.47 during mid-day trading on Friday, reaching $54.78. The company's stock had a trading volume of 1,767,351 shares, compared to its average volume of 1,558,508. Birkenstock Holding plc has a 12-month low of $40.56 and a 12-month high of $64.78. The company has a market capitalization of $10.29 billion, a P/E ratio of 44.18, a PEG ratio of 1.02 and a beta of 1.48. 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 firm's fifty day moving average price is $51.02 and its two-hundred day moving average price is $52.58.

Birkenstock (NYSE:BIRK - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The company reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. Birkenstock had a net margin of 11.73% and a return on equity of 9.52%. The business had revenue of $623.54 million during the quarter, compared to analyst estimates of $567.84 million. During the same period in the previous year, the business earned $0.38 EPS. Birkenstock's revenue was up 19.3% compared to the same quarter last year. Sell-side analysts predict that Birkenstock Holding plc will post 1.77 EPS for the current fiscal 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.