Tower Research Capital LLC TRC Purchases 4,884 Shares of Birkenstock Holding plc (NYSE:BIRK)

Tower Research Capital LLC TRC increased its position in Birkenstock Holding plc (NYSE:BIRK - Free Report) by 1,356.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,244 shares of the company's stock after purchasing an additional 4,884 shares during the quarter. Tower Research Capital LLC TRC's holdings in Birkenstock were worth $297,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Norges Bank acquired a new stake in Birkenstock during the fourth quarter worth approximately $131,786,000. Capital World Investors grew its position in Birkenstock by 1.1% in the fourth quarter. Capital World Investors now owns 1,490,366 shares of the company's stock valued at $84,444,000 after acquiring an additional 16,466 shares during the last quarter. Alliancebernstein L.P. raised its stake in Birkenstock by 27.2% during the fourth quarter. Alliancebernstein L.P. now owns 1,342,214 shares of the company's stock worth $76,050,000 after acquiring an additional 286,618 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Birkenstock by 260.5% in the 4th quarter. Marshall Wace LLP now owns 1,100,692 shares of the company's stock valued at $62,365,000 after purchasing an additional 795,382 shares in the last quarter. Finally, AGF Management Ltd. acquired a new position in Birkenstock during the 4th quarter worth approximately $37,153,000. 19.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Stifel Nicolaus lowered 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 reiterated an "outperform" rating and issued a $70.00 price objective on shares of Birkenstock in a report on Thursday, February 20th. Piper Sandler reduced their target price on shares of Birkenstock from $70.00 to $60.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Finally, UBS Group raised their price target on shares of Birkenstock from $68.00 to $72.00 and gave the company a "buy" rating in a research note on Monday. Two investment 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 company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $66.06.

Birkenstock Trading Up 2.0 %

NYSE BIRK traded up $1.01 during trading on Monday, hitting $52.47. 1,071,617 shares of the company's stock traded hands, compared to its average volume of 1,399,601. The firm has a market cap of $9.86 billion, a P/E ratio of 42.31, a PEG ratio of 1.02 and a beta of 1.56. The stock has a fifty day moving average of $47.07 and a two-hundred day moving average of $51.40. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.84 and a quick ratio of 1.08. Birkenstock Holding plc has a 12-month low of $40.56 and a 12-month high of $64.78.

Birkenstock (NYSE:BIRK - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.03. The business had revenue of $385.88 million for the quarter, compared to analyst estimates of $355.80 million. Birkenstock had a net margin of 11.73% and a return on equity of 9.52%. As a group, sell-side analysts expect that Birkenstock Holding plc will post 1.77 EPS for the current 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.