Symmetry Investments LP Purchases 15,560 Shares of Birkenstock Holding plc (NYSE:BIRK)

Symmetry Investments LP increased its stake in Birkenstock Holding plc (NYSE:BIRK - Free Report) by 43.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,300 shares of the company's stock after buying an additional 15,560 shares during the quarter. Symmetry Investments LP's holdings in Birkenstock were worth $2,907,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Renaissance Capital LLC lifted its stake in Birkenstock by 94.0% during 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 period. Oppenheimer & Co. Inc. acquired a new stake in Birkenstock in the 4th quarter valued at $606,000. Handelsbanken Fonder AB acquired a new stake in shares of Birkenstock in the fourth quarter valued at about $391,000. State Street Corp lifted its position in shares of Birkenstock by 49.4% in the third quarter. State Street Corp now owns 402,899 shares of the company's stock valued at $19,859,000 after acquiring an additional 133,212 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Birkenstock by 50.5% in the 3rd quarter. Geode Capital Management LLC now owns 188,714 shares of the company's stock valued at $9,302,000 after purchasing an additional 63,289 shares during the last quarter. Institutional investors own 19.93% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Stifel Nicolaus decreased their target price on shares of Birkenstock from $70.00 to $62.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Piper Sandler decreased their price target on shares of Birkenstock from $70.00 to $60.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $70.00 price objective on shares of Birkenstock in a research report on Thursday, February 20th. Two equities 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. Based on data from MarketBeat.com, Birkenstock presently has a consensus rating of "Moderate Buy" and an average target price of $67.50.

Birkenstock Stock Performance

BIRK stock traded up $0.20 during mid-day trading on Monday, reaching $50.88. 542,916 shares of the stock traded hands, compared to its average volume of 1,377,580. Birkenstock Holding plc has a 52 week low of $40.56 and a 52 week high of $64.78. The firm has a market capitalization of $9.56 billion, a PE ratio of 41.02, a P/E/G ratio of 1.02 and a beta of 1.71. The business has a 50-day moving average of $47.19 and a two-hundred day moving average of $51.38. 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 (NYSE:BIRK - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.19 earnings per share 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 analyst estimates of $355.80 million. Birkenstock had a return on equity of 9.52% and a net margin of 11.73%. As a group, equities analysts predict that Birkenstock Holding plc will post 1.77 EPS for the current fiscal year.

Birkenstock Company 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.