GAMMA Investing LLC Has $1.42 Million Stock Holdings in Birkenstock Holding plc (NYSE:BIRK)

GAMMA Investing LLC grew its holdings in Birkenstock Holding plc (NYSE:BIRK - Free Report) by 3,914.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 30,949 shares of the company's stock after purchasing an additional 30,178 shares during the period. GAMMA Investing LLC's holdings in Birkenstock were worth $1,419,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of BIRK. Signaturefd LLC increased its stake in shares of Birkenstock by 642.6% in the 4th quarter. Signaturefd LLC now owns 505 shares of the company's stock valued at $29,000 after purchasing an additional 437 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Birkenstock in the 4th quarter valued at $34,000. NewEdge Advisors LLC bought a new position in shares of Birkenstock in the 4th quarter valued at $45,000. Quarry LP increased its stake in shares of Birkenstock by 120.3% in the 4th quarter. Quarry LP now owns 1,097 shares of the company's stock valued at $62,000 after purchasing an additional 599 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Birkenstock in the 4th quarter valued at $76,000. Institutional investors own 19.93% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Evercore ISI lifted their price target on Birkenstock from $65.00 to $70.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Robert W. Baird lifted their price target on Birkenstock from $65.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. BMO Capital Markets boosted their price objective on Birkenstock from $70.00 to $75.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. BTIG Research boosted their price objective on Birkenstock from $70.00 to $72.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Finally, William Blair restated an "outperform" rating on shares of Birkenstock in a research report on Tuesday, June 3rd. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $68.07.

Birkenstock Trading Down 3.8%

Shares of NYSE BIRK traded down $2.02 during trading on Friday, reaching $51.51. The company had a trading volume of 1,969,736 shares, compared to its average volume of 1,582,711. The company's fifty day moving average price is $52.01 and its 200-day moving average price is $52.75. Birkenstock Holding plc has a 12 month low of $40.56 and a 12 month high of $64.78. The stock has a market cap of $9.68 billion, a P/E ratio of 41.54, a PEG ratio of 1.02 and a beta of 1.48. The company has a quick ratio of 1.08, a current ratio of 2.84 and a debt-to-equity ratio of 0.48.

Birkenstock (NYSE:BIRK - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $567.84 million. During the same quarter in the previous year, the company posted $0.38 EPS. The business's revenue was up 19.3% on a year-over-year basis. As a group, research analysts expect that Birkenstock Holding plc will post 1.77 earnings per share for the current year.

About Birkenstock

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.