Birkenstock Holding plc (NYSE:BIRK) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG lifted its stake in Birkenstock Holding plc (NYSE:BIRK - Free Report) by 1,564.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 50,343 shares of the company's stock after purchasing an additional 47,318 shares during the quarter. Deutsche Bank AG's holdings in Birkenstock were worth $2,852,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. T. Rowe Price Investment Management Inc. increased its holdings in shares of Birkenstock by 5.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,124,254 shares of the company's stock valued at $233,681,000 after purchasing an additional 194,622 shares in the last quarter. Bamco Inc. NY boosted its position in Birkenstock by 8.3% during the fourth quarter. Bamco Inc. NY now owns 3,359,351 shares of the company's stock worth $190,341,000 after purchasing an additional 256,844 shares in the last quarter. Norges Bank purchased a new position in Birkenstock during the fourth quarter worth approximately $131,786,000. Capital World Investors lifted its position in shares of Birkenstock by 1.1% during the 4th quarter. Capital World Investors now owns 1,490,366 shares of the company's stock valued at $84,444,000 after buying an additional 16,466 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Birkenstock by 27.2% during the 4th quarter. Alliancebernstein L.P. now owns 1,342,214 shares of the company's stock valued at $76,050,000 after buying an additional 286,618 shares in the last quarter. 19.93% of the stock is owned by hedge funds and other institutional investors.

Birkenstock Stock Performance

Shares of BIRK stock traded down $1.78 during trading hours on Friday, hitting $53.27. The stock had a trading volume of 2,801,856 shares, compared to its average volume of 1,509,447. The firm has a market capitalization of $10.01 billion, a PE ratio of 42.96, a PEG ratio of 1.02 and a beta of 1.56. Birkenstock Holding plc has a twelve month low of $40.56 and a twelve month high of $64.78. The stock's 50 day moving average is $49.40 and its 200 day moving average is $51.95. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.84 and a quick ratio of 1.08.

Birkenstock (NYSE:BIRK - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. Birkenstock had a return on equity of 9.52% and a net margin of 11.73%. The firm had revenue of $623.54 million during the quarter, compared to the consensus estimate of $567.84 million. During the same period last year, the company earned $0.38 earnings per share. The company's revenue for the quarter was up 19.3% on a year-over-year basis. As a group, research analysts forecast that Birkenstock Holding plc will post 1.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. BTIG Research raised their price objective on Birkenstock from $70.00 to $72.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Bank of America boosted their price target on shares of Birkenstock from $70.00 to $73.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Evercore ISI boosted their price target on shares of Birkenstock from $65.00 to $70.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. Telsey Advisory Group reissued an "outperform" rating and set a $70.00 price target on shares of Birkenstock in a research report on Thursday, May 15th. Finally, UBS Group boosted their price objective on shares of Birkenstock from $72.00 to $76.00 and gave the company a "buy" rating in a report on Friday, May 16th. Two equities 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 stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $67.19.

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.