Tairen Capital Ltd Buys Shares of 20,000 Birkenstock Holding plc (NYSE:BIRK)

Tairen Capital Ltd acquired a new position in Birkenstock Holding plc (NYSE:BIRK - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 20,000 shares of the company's stock, valued at approximately $1,133,000.

A number of other large investors have also modified their holdings of the company. Signaturefd LLC increased its stake in Birkenstock by 642.6% during the 4th quarter. Signaturefd LLC now owns 505 shares of the company's stock valued at $29,000 after buying an additional 437 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Birkenstock during the 4th quarter valued at about $34,000. NewEdge Advisors LLC acquired a new position in Birkenstock during the 4th quarter valued at about $45,000. Quarry LP increased its stake in 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 buying an additional 599 shares during the period. Finally, Headlands Technologies LLC acquired a new position in Birkenstock during the 4th quarter valued at about $76,000. Institutional investors and hedge funds own 19.93% of the company's stock.

Birkenstock Trading Down 3.2%

Shares of BIRK traded down $1.78 during midday trading on Friday, hitting $53.27. The stock had a trading volume of 2,801,856 shares, compared to its average volume of 1,509,447. Birkenstock Holding plc has a fifty-two week low of $40.56 and a fifty-two week high of $64.78. The business has a 50-day simple moving average of $49.40 and a two-hundred day simple moving average of $51.99. The firm has a market cap of $10.01 billion, a P/E ratio of 42.96, a price-to-earnings-growth ratio of 1.02 and a beta of 1.56. The company has a current ratio of 2.84, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48.

Birkenstock (NYSE:BIRK - Get Free Report) last announced its 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 net margin of 11.73% and a return on equity of 9.52%. The company had revenue of $623.54 million during the quarter, compared to analysts' expectations of $567.84 million. During the same period last year, the company posted $0.38 earnings per share. The business's revenue for the quarter was up 19.3% on a year-over-year basis. As a group, equities analysts forecast that Birkenstock Holding plc will post 1.77 EPS for the current year.

Analyst Ratings Changes

BIRK has been the topic of several research analyst reports. Evercore ISI raised their target price on shares of 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 raised 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 Friday, May 16th. Bank of America raised their price objective on shares of Birkenstock from $70.00 to $73.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Stifel Nicolaus raised their price objective on shares of Birkenstock from $62.00 to $70.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Finally, BMO Capital Markets raised their price objective 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. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.