Lighthouse Investment Partners LLC increased its position in shares of Birkenstock Holding plc (NYSE:BIRK - Free Report) by 46.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,478 shares of the company's stock after purchasing an additional 11,294 shares during the quarter. Lighthouse Investment Partners LLC's holdings in Birkenstock were worth $2,010,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of BIRK. Signaturefd LLC lifted its holdings in shares of Birkenstock by 642.6% during the fourth quarter. Signaturefd LLC now owns 505 shares of the company's stock worth $29,000 after purchasing an additional 437 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Birkenstock in the fourth quarter valued at approximately $34,000. NewEdge Advisors LLC acquired a new position in Birkenstock in the fourth quarter valued at approximately $45,000. Quarry LP lifted its holdings in Birkenstock by 120.3% in the fourth quarter. Quarry LP now owns 1,097 shares of the company's stock valued at $62,000 after acquiring an additional 599 shares during the period. Finally, Headlands Technologies LLC acquired a new position in Birkenstock in the fourth quarter valued at approximately $76,000. Institutional investors and hedge funds own 19.93% of the company's stock.
Birkenstock Price Performance
Shares of BIRK traded down $1.00 during trading hours on Friday, hitting $56.70. 2,428,053 shares of the stock were exchanged, compared to its average volume of 1,478,457. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 2.84. 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 $10.65 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 stock's 50-day moving average price is $48.32 and its two-hundred day moving average price is $51.68.
Birkenstock (NYSE:BIRK - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The company reported $0.58 EPS for the quarter, topping 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 firm had revenue of $623.54 million during the quarter, compared to analysts' expectations of $567.84 million. During the same period in the previous year, the business earned $0.38 earnings per share. The firm's revenue for the quarter was up 19.3% on a year-over-year basis. Research analysts expect that Birkenstock Holding plc will post 1.77 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on BIRK shares. Stifel Nicolaus boosted their price target on Birkenstock from $62.00 to $70.00 and gave the company a "buy" rating in a report on Friday. Telsey Advisory Group reissued an "outperform" rating and issued a $70.00 price target on shares of Birkenstock in a report on Thursday. BMO Capital Markets boosted their price target on Birkenstock from $70.00 to $75.00 and gave the company an "outperform" rating in a report on Friday. Robert W. Baird boosted their price target on Birkenstock from $65.00 to $70.00 and gave the company an "outperform" rating in a report on Friday. Finally, UBS Group boosted their price target on Birkenstock from $72.00 to $76.00 and gave the company a "buy" rating in a report on Friday. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $67.63.
Read Our Latest Analysis on BIRK
Birkenstock Profile
(
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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