Unisphere Establishment Buys Shares of 135,000 Birkenstock Holding plc (NYSE:BIRK)

Unisphere Establishment purchased a new stake in shares of Birkenstock Holding plc (NYSE:BIRK - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 135,000 shares of the company's stock, valued at approximately $7,649,000. Unisphere Establishment owned approximately 0.07% of Birkenstock at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in BIRK. Norges Bank bought a new stake in Birkenstock during the fourth quarter valued at $131,786,000. Marshall Wace LLP raised its stake 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 period. AGF Management Ltd. bought a new position in Birkenstock in the fourth quarter worth about $37,153,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Birkenstock by 9,658.9% during 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. Finally, Principal Financial Group Inc. raised its position in shares of Birkenstock by 581.8% during the 4th quarter. Principal Financial Group Inc. now owns 542,798 shares of the company's stock worth $30,755,000 after purchasing an additional 463,191 shares during the period. 19.93% of the stock is owned by institutional investors and hedge funds.

Birkenstock Price Performance

BIRK stock traded up $0.97 on Friday, hitting $51.49. 1,130,755 shares of the company's stock traded hands, compared to its average volume of 1,397,215. The stock has a market cap of $9.67 billion, a price-to-earnings ratio of 41.52, a P/E/G ratio of 1.02 and a beta of 1.71. Birkenstock Holding plc has a 1-year low of $40.56 and a 1-year high of $64.78. The company has a current ratio of 2.84, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. The stock has a fifty day moving average of $47.04 and a 200-day moving average of $51.38.

Birkenstock (NYSE:BIRK - Get Free Report) last released 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. Birkenstock had a return on equity of 9.52% and a net margin of 11.73%. The business had revenue of $385.88 million during the quarter, compared to analyst estimates of $355.80 million. On average, analysts forecast that Birkenstock Holding plc will post 1.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BIRK. Telsey Advisory Group restated an "outperform" rating and set a $70.00 price objective on shares of Birkenstock in a research note on Thursday, February 20th. Stifel Nicolaus reduced their target price on shares of Birkenstock from $70.00 to $62.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Piper Sandler dropped their price target on shares of Birkenstock from $70.00 to $60.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $67.50.

About Birkenstock

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.