Man Group plc Sells 28,017 Shares of Birkenstock Holding plc (NYSE:BIRK)

Man Group plc lowered its holdings in Birkenstock Holding plc (NYSE:BIRK - Free Report) by 17.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 131,802 shares of the company's stock after selling 28,017 shares during the quarter. Man Group plc owned 0.07% of Birkenstock worth $7,468,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of BIRK. Signaturefd LLC lifted its stake in Birkenstock by 642.6% in the 4th quarter. Signaturefd LLC now owns 505 shares of the company's stock worth $29,000 after acquiring an additional 437 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Birkenstock in the 4th quarter valued at approximately $34,000. NewEdge Advisors LLC purchased a new stake 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 worth $62,000 after buying an additional 599 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Birkenstock during the 4th quarter valued at $76,000. Institutional investors and hedge funds own 19.93% of the company's stock.

Birkenstock Trading Down 3.2%

BIRK traded down $1.78 during trading on Friday, reaching $53.27. 2,801,856 shares of the company's stock were exchanged, compared to its average volume of 1,509,447. The company's fifty day moving average price is $49.40 and its 200-day moving average price is $52.03. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 2.84. The firm has a market capitalization of $10.01 billion, a PE ratio of 42.96, a P/E/G ratio of 1.02 and a beta of 1.56. Birkenstock Holding plc has a fifty-two week low of $40.56 and a fifty-two week high of $64.78.

Birkenstock (NYSE:BIRK - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The company reported $0.58 EPS for the quarter, topping 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 business had revenue of $623.54 million during the quarter, compared to analysts' expectations of $567.84 million. During the same period in the previous year, the firm earned $0.38 earnings per share. The firm's quarterly revenue was up 19.3% compared to the same quarter last year. As a group, equities analysts forecast that Birkenstock Holding plc will post 1.77 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $70.00 price target on shares of Birkenstock in a research report on Thursday, May 15th. Evercore ISI upped their price objective 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. BTIG Research increased their target price on shares of Birkenstock from $70.00 to $72.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. UBS Group boosted their price target on Birkenstock from $72.00 to $76.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Finally, BMO Capital Markets upped their price target on Birkenstock from $70.00 to $75.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.