LBP AM SA purchased a new position in Birkenstock Holding PLC (NYSE:BIRK - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 515,996 shares of the company's stock, valued at approximately $23,658,000. LBP AM SA owned about 0.27% of Birkenstock as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of BIRK. Signaturefd LLC grew its stake in shares of Birkenstock by 642.6% in the fourth quarter. Signaturefd LLC now owns 505 shares of the company's stock worth $29,000 after acquiring an additional 437 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Birkenstock in the fourth quarter worth approximately $34,000. NewEdge Advisors LLC purchased a new position in Birkenstock in the 4th quarter worth approximately $45,000. Quarry LP lifted its position in 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 acquiring an additional 599 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Birkenstock in the 4th quarter worth $76,000. Hedge funds and other institutional investors own 19.93% of the company's stock.
Analyst Ratings Changes
BIRK has been the topic of several recent analyst reports. Bank of America increased their price objective on Birkenstock from $70.00 to $73.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Piper Sandler dropped 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. Evercore ISI boosted their price objective on shares of Birkenstock from $65.00 to $70.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Telsey Advisory Group restated an "outperform" rating and issued a $70.00 target price on shares of Birkenstock in a report on Thursday, May 15th. 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 research note on Friday, May 16th. Twelve research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $69.27.
View Our Latest Report on Birkenstock
Birkenstock Stock Performance
NYSE BIRK traded down $0.37 on Thursday, reaching $48.11. 483,876 shares of the stock were exchanged, compared to its average volume of 1,898,864. The company has a current ratio of 3.06, a quick ratio of 1.34 and a debt-to-equity ratio of 0.47. Birkenstock Holding PLC has a one year low of $40.56 and a one year high of $64.78. The firm has a market capitalization of $9.04 billion, a PE ratio of 33.88, a PEG ratio of 1.08 and a beta of 1.31. The company's 50-day simple moving average is $52.70 and its two-hundred day simple moving average is $52.26.
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, topping the consensus estimate of $0.57 by $0.01. Birkenstock had a return on equity of 10.22% and a net margin of 12.86%. The company had revenue of $623.54 million during the quarter, compared to analyst estimates of $567.84 million. During the same quarter last year, the business posted $0.38 earnings per share. The firm's revenue was up 19.3% on a year-over-year basis. Analysts expect that Birkenstock Holding PLC will post 1.77 EPS for the current fiscal year.
About Birkenstock
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Free Report)
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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