Graham Capital Management L.P. lowered its holdings in Birkenstock Holding plc (NYSE:BIRK - Free Report) by 41.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,229 shares of the company's stock after selling 12,398 shares during the quarter. Graham Capital Management L.P.'s holdings in Birkenstock were worth $976,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Signaturefd LLC boosted its stake in Birkenstock by 642.6% in the fourth quarter. Signaturefd LLC now owns 505 shares of the company's stock worth $29,000 after purchasing an additional 437 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Birkenstock in the fourth quarter worth $34,000. NewEdge Advisors LLC acquired a new position in Birkenstock in the fourth quarter worth $45,000. Quarry LP boosted its stake in Birkenstock by 120.3% in the fourth quarter. Quarry LP now owns 1,097 shares of the company's stock worth $62,000 after purchasing an additional 599 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in Birkenstock in the fourth quarter worth $76,000. Institutional investors and hedge funds own 19.93% of the company's stock.
Birkenstock Stock Down 1.7%
Shares of NYSE:BIRK traded down $1.00 during trading on Friday, hitting $56.70. 2,428,053 shares of the company's stock traded hands, compared to its average volume of 1,474,411. Birkenstock Holding plc has a 52 week low of $40.56 and a 52 week high of $64.78. The company has a current ratio of 2.84, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. The company has a market cap of $10.65 billion, a price-to-earnings ratio of 45.73, a price-to-earnings-growth ratio of 1.02 and a beta of 1.56. The company has a 50-day moving average price of $48.32 and a 200-day moving average price of $51.64.
Birkenstock (NYSE:BIRK - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $567.84 million. As a group, research analysts forecast that Birkenstock Holding plc will post 1.77 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms have commented on BIRK. UBS Group boosted their price objective on Birkenstock from $72.00 to $76.00 and gave the stock a "buy" rating in a research note on Friday. BMO Capital Markets raised their price target on Birkenstock from $70.00 to $75.00 and gave the company an "outperform" rating in a report on Friday. Bank of America raised their price target on Birkenstock from $70.00 to $73.00 and gave the company a "buy" rating in a report on Friday. Telsey Advisory Group reiterated an "outperform" rating and issued a $70.00 price target on shares of Birkenstock in a report on Thursday. Finally, BTIG Research raised their price target on Birkenstock from $70.00 to $72.00 and gave the company a "buy" rating in a report on Thursday. Two investment 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. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $67.63.
Check Out Our Latest Stock Report on BIRK
Birkenstock Profile
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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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