Hood River Capital Management LLC Buys New Shares in Birkenstock Holding plc (NYSE:BIRK)

Hood River Capital Management LLC bought a new stake in shares of Birkenstock Holding plc (NYSE:BIRK - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,949 shares of the company's stock, valued at approximately $337,000.

Several other institutional investors also recently bought and sold shares of BIRK. Geode Capital Management LLC increased its stake in shares of Birkenstock by 50.5% in the third quarter. Geode Capital Management LLC now owns 188,714 shares of the company's stock worth $9,302,000 after purchasing an additional 63,289 shares during the period. Oak Thistle LLC bought a new position in shares of Birkenstock in the fourth quarter worth about $458,000. R Squared Ltd bought a new position in shares of Birkenstock in the fourth quarter worth about $143,000. Renaissance Capital LLC increased its stake in Birkenstock by 94.0% during the fourth quarter. Renaissance Capital LLC now owns 82,190 shares of the company's stock valued at $4,657,000 after acquiring an additional 39,831 shares during the period. Finally, True Vision MN LLC bought a new position in Birkenstock during the fourth quarter valued at about $502,000. 19.93% of the stock is currently owned by institutional investors.

Birkenstock Stock Performance

Shares of NYSE:BIRK traded down $0.28 on Tuesday, hitting $51.10. The company had a trading volume of 488,377 shares, compared to its average volume of 1,376,796. Birkenstock Holding plc has a 1-year low of $40.56 and a 1-year high of $64.78. The stock has a market cap of $9.60 billion, a price-to-earnings ratio of 41.11, a P/E/G ratio of 1.02 and a beta of 1.71. The stock has a 50 day moving average price of $47.12 and a 200 day moving average price of $51.39. 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 released its quarterly earnings data on Thursday, February 20th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.16 by $0.03. Birkenstock had a net margin of 11.73% and a return on equity of 9.52%. The firm had revenue of $385.88 million for the quarter, compared to the consensus estimate of $355.80 million. Analysts expect that Birkenstock Holding plc will post 1.77 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Piper Sandler lowered their price target on Birkenstock from $70.00 to $60.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Telsey Advisory Group restated an "outperform" rating and set a $70.00 price target on shares of Birkenstock in a research note on Thursday, February 20th. Finally, Stifel Nicolaus lowered their price target on Birkenstock from $70.00 to $62.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $67.50.

About Birkenstock

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.