Price T Rowe Associates Inc. MD Has $7.17 Million Stake in Birkenstock Holding plc (NYSE:BIRK)

Price T Rowe Associates Inc. MD boosted its stake in Birkenstock Holding plc (NYSE:BIRK - Free Report) by 1,084.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 126,596 shares of the company's stock after purchasing an additional 115,908 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.07% of Birkenstock worth $7,174,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Oak Thistle LLC acquired a new position in Birkenstock during the 4th quarter worth $458,000. R Squared Ltd bought a new position in shares of Birkenstock during the fourth quarter valued at $143,000. Renaissance Capital LLC lifted its holdings in Birkenstock by 94.0% during the 4th quarter. Renaissance Capital LLC now owns 82,190 shares of the company's stock worth $4,657,000 after buying an additional 39,831 shares in the last quarter. True Vision MN LLC bought a new position in Birkenstock during the fourth quarter worth about $502,000. Finally, Vontobel Holding Ltd. acquired a new position in shares of Birkenstock in the fourth quarter valued at approximately $461,000. Institutional investors and hedge funds own 19.93% of the company's stock.

Wall Street Analysts Forecast Growth

BIRK has been the subject of a number of recent research reports. Stifel Nicolaus cut their price objective on shares of 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 reiterated an "outperform" rating and set a $70.00 price target on shares of Birkenstock in a research note on Friday. Piper Sandler lowered their target price on Birkenstock from $70.00 to $60.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Finally, UBS Group raised their target price on Birkenstock from $68.00 to $72.00 and gave the stock a "buy" rating in a research note on Monday. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Birkenstock has a consensus rating of "Moderate Buy" and a consensus price target of $66.06.

Birkenstock Trading Down 0.6 %

Shares of BIRK traded down $0.29 during mid-day trading on Friday, reaching $52.18. The company had a trading volume of 397,824 shares, compared to its average volume of 1,406,977. Birkenstock Holding plc has a fifty-two week low of $40.56 and a fifty-two week high of $64.78. The firm has a fifty day simple moving average of $47.26 and a 200-day simple moving average of $51.42. The stock has a market cap of $9.80 billion, a price-to-earnings ratio of 42.08, 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 (NYSE:BIRK - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.03. The company had revenue of $385.88 million for the quarter, compared to the consensus estimate of $355.80 million. Birkenstock had a return on equity of 9.52% and a net margin of 11.73%. On average, sell-side analysts anticipate that Birkenstock Holding plc will post 1.77 EPS for the current fiscal year.

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.