Dynamic Technology Lab Private Ltd Invests $523,000 in Birkenstock Holding PLC $BIRK

Key Points

• Dynamic Technology Lab Private Ltd has invested approximately $523,000 in Birkenstock Holding PLC by acquiring 11,411 shares, as reported in its recent filing with the SEC.
• Several other institutional investors have increased their stakes in Birkenstock, reflecting growing interest in the company's performance, which includes a 12.4% year-over-year revenue increase in their latest quarterly earnings.
• Wall Street analysts maintain a positive outlook on Birkenstock, with a consensus target price of $68.58 and a majority rating of "Buy" on the stock.

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Birkenstock Holding PLC (NYSE:BIRK - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,411 shares of the company's stock, valued at approximately $523,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC grew its position in Birkenstock by 66.5% during the 1st quarter. Signaturefd LLC now owns 841 shares of the company's stock worth $39,000 after purchasing an additional 336 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Birkenstock by 61.0% in the first quarter. NewEdge Advisors LLC now owns 1,288 shares of the company's stock worth $59,000 after buying an additional 488 shares during the period. CWM LLC boosted its position in shares of Birkenstock by 34.8% in the first quarter. CWM LLC now owns 3,133 shares of the company's stock worth $144,000 after buying an additional 809 shares during the period. Virtu Financial LLC purchased a new position in shares of Birkenstock during the first quarter valued at $205,000. Finally, Applied Finance Capital Management LLC acquired a new position in Birkenstock during the first quarter valued at $214,000. Institutional investors and hedge funds own 19.93% of the company's stock.

Wall Street Analysts Forecast Growth

BIRK has been the subject of a number of research reports. UBS Group set a $77.00 price objective on Birkenstock and gave the stock a "buy" rating in a research report on Tuesday, August 5th. BMO Capital Markets raised 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. Telsey Advisory Group reiterated an "outperform" rating and issued a $70.00 price objective on shares of Birkenstock in a research note on Thursday, August 14th. The Goldman Sachs Group upgraded shares of Birkenstock from a "neutral" rating to a "buy" rating and set a $60.00 target price for the company in a research report on Thursday, July 24th. Finally, William Blair restated an "outperform" rating on shares of Birkenstock in a report on Tuesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $68.58.

Birkenstock Stock Performance

BIRK stock opened at $46.87 on Thursday. The firm has a 50 day moving average of $49.88 and a two-hundred day moving average of $49.91. Birkenstock Holding PLC has a 12 month low of $40.56 and a 12 month high of $62.66. The company has a market capitalization of $8.80 billion, a price-to-earnings ratio of 26.04, a P/E/G ratio of 1.06 and a beta of 1.31. The company has a quick ratio of 1.29, a current ratio of 2.78 and a debt-to-equity ratio of 0.50.

Birkenstock (NYSE:BIRK - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.03. The business had revenue of $749.13 million for the quarter, compared to the consensus estimate of $641.18 million. Birkenstock had a net margin of 15.21% and a return on equity of 11.52%. Birkenstock's revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.40 EPS. Birkenstock has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Birkenstock Holding PLC will post 1.77 EPS for the current fiscal year.

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.

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