OMERS ADMINISTRATION Corp Sells 10,700 Shares of Birkenstock Holding plc (NYSE:BIRK)

OMERS ADMINISTRATION Corp decreased its holdings in shares of Birkenstock Holding plc (NYSE:BIRK - Free Report) by 6.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 164,300 shares of the company's stock after selling 10,700 shares during the quarter. OMERS ADMINISTRATION Corp owned approximately 0.09% of Birkenstock worth $9,309,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Birkenstock during the 4th quarter worth about $131,786,000. Marshall Wace LLP lifted its position in Birkenstock by 260.5% during the fourth quarter. Marshall Wace LLP now owns 1,100,692 shares of the company's stock worth $62,365,000 after acquiring an additional 795,382 shares during the last quarter. AGF Management Ltd. bought a new stake in shares of Birkenstock during the fourth quarter worth approximately $37,153,000. AXA S.A. bought a new stake in shares of Birkenstock during the fourth quarter worth approximately $29,050,000. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Birkenstock by 9,658.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 470,182 shares of the company's stock valued at $26,641,000 after purchasing an additional 465,364 shares during the last quarter. 19.93% of the stock is owned by institutional investors.

Birkenstock Stock Performance

Shares of Birkenstock stock opened at $53.20 on Tuesday. The company has a 50 day moving average of $47.48 and a 200-day moving average of $51.48. The company has a market cap of $9.99 billion, a PE ratio of 42.90, a price-to-earnings-growth ratio of 1.02 and a beta of 1.56. 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.

Birkenstock (NYSE:BIRK - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.19 earnings per share (EPS) for the quarter, beating 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 company had revenue of $385.88 million for the quarter, compared to analyst estimates of $355.80 million. As a group, equities research analysts forecast that Birkenstock Holding plc will post 1.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BIRK. UBS Group lifted their price target on Birkenstock from $68.00 to $72.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Stifel Nicolaus dropped their target price on Birkenstock from $70.00 to $62.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Telsey Advisory Group restated an "outperform" rating and issued a $70.00 price target on shares of Birkenstock in a research note on Friday. Finally, Piper Sandler lowered their price target on shares of Birkenstock from $70.00 to $60.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. 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 data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $66.06.

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.

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