J. Goldman & Co LP Sells 155,196 Shares of Birkenstock Holding plc (NYSE:BIRK)

J. Goldman & Co LP cut its holdings in shares of Birkenstock Holding plc (NYSE:BIRK - Free Report) by 55.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 123,495 shares of the company's stock after selling 155,196 shares during the quarter. J. Goldman & Co LP owned approximately 0.07% of Birkenstock worth $6,997,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Renaissance Capital LLC increased its holdings in shares of Birkenstock by 94.0% in the 4th 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 last quarter. Oppenheimer & Co. Inc. acquired a new position in Birkenstock during the 4th quarter valued at approximately $606,000. Handelsbanken Fonder AB bought a new position in Birkenstock during the 4th quarter worth $391,000. Norges Bank bought a new position in Birkenstock during the 4th quarter worth $131,786,000. Finally, Principal Financial Group Inc. grew its stake in Birkenstock by 581.8% during the 4th quarter. Principal Financial Group Inc. now owns 542,798 shares of the company's stock worth $30,755,000 after buying an additional 463,191 shares during the last quarter. 19.93% of the stock is currently owned by hedge funds and other institutional investors.

Birkenstock Stock Up 5.9%

Shares of BIRK traded up $3.23 during midday trading on Thursday, reaching $57.72. 5,924,038 shares of the stock were exchanged, compared to its average volume of 1,466,477. The firm has a 50 day simple moving average of $47.80 and a 200-day simple moving average of $51.52. The company has a quick ratio of 1.08, a current ratio of 2.84 and a debt-to-equity ratio of 0.48. Birkenstock Holding plc has a 12-month low of $40.56 and a 12-month high of $64.78. The company has a market cap of $10.84 billion, a price-to-earnings ratio of 46.55, a P/E/G ratio of 1.02 and a beta of 1.56.

Birkenstock (NYSE:BIRK - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates 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. Research analysts forecast that Birkenstock Holding plc will post 1.77 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on BIRK shares. UBS Group upped their price objective on Birkenstock from $68.00 to $72.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. BTIG Research raised their target price on Birkenstock from $70.00 to $72.00 and gave the company a "buy" rating in a research note on Thursday. Piper Sandler decreased their target price on Birkenstock from $70.00 to $60.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $70.00 target price on shares of Birkenstock in a research note on Thursday. Finally, Stifel Nicolaus decreased their target price on Birkenstock from $70.00 to $62.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $66.19.

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.