Invesco Ltd. Buys 5,247 Shares of Birkenstock Holding plc (NYSE:BIRK)

Invesco Ltd. lifted its stake in Birkenstock Holding plc (NYSE:BIRK - Free Report) by 21.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,253 shares of the company's stock after buying an additional 5,247 shares during the period. Invesco Ltd.'s holdings in Birkenstock were worth $1,657,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC lifted its position in shares of Birkenstock by 642.6% in the 4th quarter. Signaturefd LLC now owns 505 shares of the company's stock worth $29,000 after acquiring an additional 437 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new position in Birkenstock in the fourth quarter worth $34,000. Headlands Technologies LLC acquired a new stake in Birkenstock during the fourth quarter worth $76,000. JPMorgan Chase & Co. increased its holdings in Birkenstock by 112.0% in the 4th quarter. JPMorgan Chase & Co. now owns 1,338 shares of the company's stock valued at $76,000 after buying an additional 707 shares during the period. Finally, R Squared Ltd acquired a new position in shares of Birkenstock in the 4th quarter valued at $143,000. 19.93% of the stock is owned by institutional investors and hedge funds.

Birkenstock Trading Down 0.8 %

NYSE:BIRK opened at $50.96 on Wednesday. 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 Holding plc has a 1-year low of $40.56 and a 1-year high of $64.78. The firm has a market capitalization of $9.57 billion, a price-to-earnings ratio of 41.10, a PEG ratio of 1.02 and a beta of 1.71. The business's 50-day moving average price is $47.06 and its two-hundred day moving average price is $51.39.

Birkenstock (NYSE:BIRK - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. Birkenstock had a return on equity of 9.52% and a net margin of 11.73%. The business had revenue of $385.88 million for the quarter, compared to the consensus estimate of $355.80 million. On average, equities analysts expect that Birkenstock Holding plc will post 1.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

BIRK has been the topic of a number of analyst reports. Stifel Nicolaus lowered their target price on shares of Birkenstock from $70.00 to $62.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Telsey Advisory Group reiterated an "outperform" rating and set a $70.00 price objective on shares of Birkenstock in a research note on Thursday, February 20th. Finally, Piper Sandler reduced their target price on Birkenstock from $70.00 to $60.00 and set an "overweight" rating on the stock in a 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, Birkenstock presently has an average rating of "Moderate Buy" and an average 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.

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