Hudson Bay Capital Management LP Sells 138,766 Shares of Birkenstock Holding plc (NYSE:BIRK)

Hudson Bay Capital Management LP lowered its holdings in shares of Birkenstock Holding plc (NYSE:BIRK - Free Report) by 75.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,874 shares of the company's stock after selling 138,766 shares during the period. Hudson Bay Capital Management LP's holdings in Birkenstock were worth $2,599,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Oak Thistle LLC purchased a new position in Birkenstock in the fourth quarter valued at about $458,000. R Squared Ltd purchased a new position in Birkenstock in the fourth quarter valued at about $143,000. Renaissance Capital LLC grew its stake in Birkenstock by 94.0% in the fourth quarter. Renaissance Capital LLC now owns 82,190 shares of the company's stock valued at $4,657,000 after purchasing an additional 39,831 shares in the last quarter. True Vision MN LLC purchased a new position in Birkenstock in the fourth quarter valued at about $502,000. Finally, Vontobel Holding Ltd. purchased a new position in Birkenstock in the fourth quarter valued at about $461,000. Institutional investors own 19.93% of the company's stock.

Birkenstock Stock Performance

Birkenstock stock traded down $1.00 during trading hours on Friday, hitting $56.70. The stock had a trading volume of 2,428,053 shares, compared to its average volume of 1,474,411. The company has a 50-day moving average of $48.32 and a two-hundred day moving average of $51.64. The company has a quick ratio of 1.08, a current ratio of 2.84 and a debt-to-equity ratio of 0.48. The company has a market cap of $10.65 billion, a PE ratio of 45.73, a price-to-earnings-growth ratio of 1.02 and a beta of 1.56. Birkenstock Holding plc has a fifty-two week low of $40.56 and a fifty-two week high of $64.78.

Birkenstock (NYSE:BIRK - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. The firm had revenue of $623.54 million during the quarter, compared to analysts' expectations of $567.84 million. Birkenstock had a return on equity of 9.52% and a net margin of 11.73%. On average, equities research analysts anticipate that Birkenstock Holding plc will post 1.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. BMO Capital Markets boosted their price target on Birkenstock from $70.00 to $75.00 and gave the stock an "outperform" rating in a research report on Friday. Bank of America boosted their price target on Birkenstock from $70.00 to $73.00 and gave the stock a "buy" rating in a research report on Friday. Piper Sandler reduced their price target on Birkenstock from $70.00 to $60.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $70.00 price target on shares of Birkenstock in a research report on Thursday. Finally, Stifel Nicolaus boosted their price target on Birkenstock from $62.00 to $70.00 and gave the stock a "buy" rating in a research report on Friday. Two equities 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 stock. According to MarketBeat, Birkenstock has a consensus rating of "Moderate Buy" and an average price target of $67.63.

Birkenstock 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.