Two Sigma Investments LP cut its holdings in Birkenstock Holding plc (NYSE:BIRK - Free Report) by 65.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,124 shares of the company's stock after selling 32,976 shares during the quarter. Two Sigma Investments LP's holdings in Birkenstock were worth $970,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the business. Signaturefd LLC lifted its position in Birkenstock by 642.6% during the fourth quarter. Signaturefd LLC now owns 505 shares of the company's stock valued at $29,000 after purchasing an additional 437 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Birkenstock during the 4th quarter valued at $34,000. NewEdge Advisors LLC purchased a new position in shares of Birkenstock in the 4th quarter worth $45,000. Quarry LP grew its holdings in shares of Birkenstock by 120.3% in the fourth quarter. Quarry LP now owns 1,097 shares of the company's stock worth $62,000 after acquiring an additional 599 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in Birkenstock during the fourth quarter valued at $76,000. 19.93% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. Telsey Advisory Group reiterated an "outperform" rating and issued a $70.00 price objective on shares of Birkenstock in a research note on Thursday, May 15th. Bank of America upped their target price on shares of Birkenstock from $70.00 to $73.00 and gave the company a "buy" rating in a report on Friday, May 16th. Stifel Nicolaus boosted 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. William Blair reaffirmed an "outperform" rating on shares of Birkenstock in a report on Tuesday, June 3rd. Finally, Piper Sandler lowered their target price on Birkenstock from $70.00 to $60.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Birkenstock currently has an average rating of "Moderate Buy" and a consensus price target of $67.40.
Check Out Our Latest Stock Report on Birkenstock
Birkenstock Price Performance
BIRK stock traded up $1.30 during trading on Monday, hitting $56.06. 2,168,651 shares of the company's stock traded hands, compared to its average volume of 1,560,949. The business has a fifty day simple moving average of $51.02 and a 200 day simple moving average of $52.61. Birkenstock Holding plc has a 52 week low of $40.56 and a 52 week high of $64.78. 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 stock has a market capitalization of $10.53 billion, a price-to-earnings ratio of 45.21, a P/E/G ratio of 1.02 and a beta of 1.48.
Birkenstock (NYSE:BIRK - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The company reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. The business had revenue of $623.54 million for the quarter, compared to analysts' expectations of $567.84 million. Birkenstock had a net margin of 11.73% and a return on equity of 9.52%. The business's revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.38 earnings per share. As a group, research analysts expect that Birkenstock Holding plc will post 1.77 EPS for the current fiscal year.
About Birkenstock
(
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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