Zurcher Kantonalbank Zurich Cantonalbank Takes Position in Birkenstock Holding plc (NYSE:BIRK)

Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Birkenstock Holding plc (NYSE:BIRK - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 38,704 shares of the company's stock, valued at approximately $1,886,000.

Separately, Venturi Wealth Management LLC acquired a new stake in Birkenstock in the fourth quarter valued at approximately $83,000. 19.93% of the stock is owned by institutional investors.

Birkenstock Stock Down 0.4 %

NYSE:BIRK traded down $0.20 on Thursday, hitting $44.84. The stock had a trading volume of 603,359 shares, compared to its average volume of 749,815. The company's fifty day moving average price is $46.66. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.28 and a current ratio of 2.85. Birkenstock Holding plc has a 52 week low of $35.83 and a 52 week high of $55.00.

Birkenstock (NYSE:BIRK - Get Free Report) last announced its quarterly earnings results on Thursday, February 29th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). The business had revenue of $303.00 million during the quarter, compared to analyst estimates of $289.09 million. The business's revenue for the quarter was up 21.9% on a year-over-year basis. As a group, research analysts forecast that Birkenstock Holding plc will post 1.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BIRK shares. Robert W. Baird raised their target price on shares of Birkenstock from $54.00 to $58.00 and gave the company an "outperform" rating in a research report on Friday, March 1st. BMO Capital Markets increased their price objective on Birkenstock from $50.00 to $54.00 and gave the company an "outperform" rating in a report on Friday, March 1st. UBS Group upped their price target on Birkenstock from $51.00 to $52.00 and gave the company a "neutral" rating in a research report on Monday, March 4th. Piper Sandler increased their price target on Birkenstock from $56.50 to $61.00 and gave the company an "overweight" rating in a research note on Friday, March 1st. Finally, Telsey Advisory Group cut Birkenstock from an "outperform" rating to a "market perform" rating and set a $56.00 price target for the company. in a research note on Thursday, February 29th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Birkenstock presently has a consensus rating of "Moderate Buy" and an average target price of $49.15.

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.