Deutsche Bank AG Purchases 47,318 Shares of Birkenstock Holding plc (NYSE:BIRK)

Deutsche Bank AG boosted its position in Birkenstock Holding plc (NYSE:BIRK - Free Report) by 1,564.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 50,343 shares of the company's stock after purchasing an additional 47,318 shares during the period. Deutsche Bank AG's holdings in Birkenstock were worth $2,852,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC boosted its holdings in shares of Birkenstock by 642.6% in 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 bought a new stake in Birkenstock in the fourth quarter worth about $34,000. NewEdge Advisors LLC purchased a new position in Birkenstock in the fourth quarter valued at about $45,000. Quarry LP grew its position in shares of Birkenstock by 120.3% during the 4th quarter. Quarry LP now owns 1,097 shares of the company's stock valued at $62,000 after acquiring an additional 599 shares during the period. Finally, Headlands Technologies LLC bought a new position in shares of Birkenstock during the 4th quarter valued at approximately $76,000. Hedge funds and other institutional investors own 19.93% of the company's stock.

Birkenstock Price Performance

NYSE:BIRK traded up $0.79 during trading hours on Tuesday, hitting $54.01. 1,895,928 shares of the company's stock traded hands, compared to its average volume of 1,511,066. Birkenstock Holding plc has a 52 week low of $40.56 and a 52 week high of $64.78. The business's fifty day simple moving average is $49.72 and its two-hundred day simple moving average is $52.09. The company has a quick ratio of 1.08, a current ratio of 2.84 and a debt-to-equity ratio of 0.48. The firm has a market cap of $10.14 billion, a P/E ratio of 43.56, a P/E/G ratio of 1.02 and a beta of 1.56.

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on BIRK. Piper Sandler lowered their target price on Birkenstock from $70.00 to $60.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. BMO Capital Markets boosted their price target on shares of Birkenstock from $70.00 to $75.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Robert W. Baird upped their price target on shares of Birkenstock from $65.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Bank of America lifted their price objective on shares of Birkenstock from $70.00 to $73.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Finally, Stifel Nicolaus boosted their target price on shares of Birkenstock from $62.00 to $70.00 and gave the company a "buy" rating in a report on Friday, May 16th. 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $67.19.

Birkenstock 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.