Signaturefd LLC Buys 437 Shares of Birkenstock Holding plc (NYSE:BIRK)

Signaturefd LLC boosted its position in Birkenstock Holding plc (NYSE:BIRK) by 642.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 505 shares of the company’s stock after buying an additional 437 shares during the period. Signaturefd LLC’s holdings in Birkenstock were worth $29,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Birkenstock by 61.4% during the third quarter. FMR LLC now owns 2,128,689 shares of the company’s stock worth $104,923,000 after buying an additional 809,784 shares in the last quarter. AGF Management Ltd. bought a new position in shares of Birkenstock during the fourth quarter worth approximately $37,153,000. Principal Financial Group Inc. raised its position in shares of Birkenstock by 581.8% in the fourth quarter. Principal Financial Group Inc. now owns 542,798 shares of the company’s stock valued at $30,755,000 after buying an additional 463,191 shares in the last quarter. Verition Fund Management LLC raised its position in shares of Birkenstock by 201.0% in the third quarter. Verition Fund Management LLC now owns 345,852 shares of the company’s stock valued at $17,047,000 after buying an additional 230,947 shares in the last quarter. Finally, Tredje AP fonden boosted its stake in shares of Birkenstock by 106.7% in the fourth quarter. Tredje AP fonden now owns 310,000 shares of the company’s stock valued at $17,565,000 after buying an additional 160,000 shares during the period. 19.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on BIRK shares. Piper Sandler began coverage on shares of Birkenstock in a report on Tuesday, December 10th. They set an “overweight” rating and a $65.00 price target for the company. Robert W. Baird increased their target price on shares of Birkenstock from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Hsbc Global Res upgraded shares of Birkenstock to a “strong-buy” rating in a research note on Tuesday, December 3rd. HSBC raised shares of Birkenstock from a “hold” rating to a “buy” rating and increased their price objective for the company from $58.00 to $60.00 in a research note on Tuesday, December 3rd. Finally, BTIG Research raised their target price on shares of Birkenstock from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. 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 company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $68.31.

Birkenstock Trading Down 0.5 %

NYSE BIRK opened at $47.17 on Wednesday. Birkenstock Holding plc has a 12 month low of $41.00 and a 12 month 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 firm has a market capitalization of $8.86 billion, a PE ratio of 38.04, a price-to-earnings-growth ratio of 1.02 and a beta of 1.90. The business’s 50-day moving average price is $52.69 and its two-hundred day moving average price is $51.59.

Birkenstock (NYSE:BIRK) last issued 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. Birkenstock had a net margin of 11.73% and a return on equity of 9.52%. The firm had revenue of $385.88 million for the quarter, compared to the consensus estimate of $355.80 million. On average, 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.