Wealth Enhancement Advisory Services LLC purchased a new position in Birkenstock Holding PLC (NYSE:BIRK - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 6,547 shares of the company's stock, valued at approximately $320,000.
Other large investors also recently bought and sold shares of the company. Signaturefd LLC lifted its position in Birkenstock by 66.5% during the 1st quarter. Signaturefd LLC now owns 841 shares of the company's stock valued at $39,000 after acquiring an additional 336 shares during the period. NewEdge Advisors LLC lifted its position in Birkenstock by 61.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,288 shares of the company's stock valued at $59,000 after acquiring an additional 488 shares during the period. CWM LLC lifted its position in Birkenstock by 34.8% during the 1st quarter. CWM LLC now owns 3,133 shares of the company's stock valued at $144,000 after acquiring an additional 809 shares during the period. Virtu Financial LLC purchased a new position in Birkenstock during the 1st quarter valued at about $205,000. Finally, Applied Finance Capital Management LLC purchased a new position in Birkenstock during the 1st quarter valued at about $214,000. 19.93% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research analysts recently issued reports on BIRK shares. JPMorgan Chase & Co. lowered their price target on shares of Birkenstock from $81.00 to $66.00 and set an "overweight" rating for the company in a research report on Friday, September 19th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $70.00 price target on shares of Birkenstock in a research report on Friday, September 26th. The Goldman Sachs Group raised Birkenstock from a "neutral" rating to a "buy" rating and set a $60.00 price target for the company in a research report on Thursday, July 24th. UBS Group set a $77.00 price target on Birkenstock and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Birkenstock in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $68.38.
Check Out Our Latest Stock Analysis on Birkenstock
Birkenstock Price Performance
Shares of NYSE:BIRK opened at $44.13 on Thursday. Birkenstock Holding PLC has a fifty-two week low of $40.56 and a fifty-two week high of $62.66. The business has a 50-day simple moving average of $48.35 and a two-hundred day simple moving average of $49.77. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.29 and a current ratio of 2.78. The firm has a market cap of $8.29 billion, a price-to-earnings ratio of 24.52, a price-to-earnings-growth ratio of 0.84 and a beta of 1.22.
Birkenstock (NYSE:BIRK - Get Free Report) last issued its earnings results on Thursday, August 14th. The company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.03. Birkenstock had a return on equity of 11.52% and a net margin of 15.21%.The business had revenue of $749.13 million during the quarter, compared to analyst estimates of $641.18 million. During the same quarter in the previous year, the firm earned $0.40 EPS. Birkenstock's revenue was up 12.4% on a year-over-year basis. Birkenstock has set its FY 2025 guidance at EPS. On average, analysts expect that Birkenstock Holding PLC will post 1.77 earnings per share for the current 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.
See Also
Want to see what other hedge funds are holding BIRK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Birkenstock Holding PLC (NYSE:BIRK - Free Report).
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