Russell Investments Group Ltd. Acquires 55,178 Shares of Birkenstock Holding plc (NYSE:BIRK)

Russell Investments Group Ltd. lifted its holdings in shares of Birkenstock Holding plc (NYSE:BIRK) by 162,288.2% during the 4th quarter, Holdings Channel reports. The firm owned 55,212 shares of the company’s stock after purchasing an additional 55,178 shares during the period. Russell Investments Group Ltd.’s holdings in Birkenstock were worth $3,128,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in BIRK. Signaturefd LLC lifted its position in shares of Birkenstock by 642.6% during the 4th quarter. Signaturefd LLC now owns 505 shares of the company’s stock valued at $29,000 after acquiring an additional 437 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Birkenstock during the fourth quarter worth about $34,000. Headlands Technologies LLC acquired a new position in shares of Birkenstock in the 4th quarter valued at approximately $76,000. JPMorgan Chase & Co. lifted its holdings in shares of Birkenstock by 112.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,338 shares of the company’s stock worth $76,000 after acquiring an additional 707 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of Birkenstock during the 4th quarter worth approximately $143,000. 19.93% of the stock is currently owned by institutional investors.

Birkenstock Trading Down 0.7 %

NYSE BIRK opened at $47.04 on Thursday. Birkenstock Holding plc has a 12 month low of $40.56 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 $8.84 billion, a PE ratio of 37.94, a price-to-earnings-growth ratio of 1.02 and a beta of 1.71. The business’s 50-day moving average price is $48.19 and its two-hundred day moving average price is $51.32.

Birkenstock (NYSE:BIRK) last released its quarterly earnings results 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. Birkenstock had a net margin of 11.73% and a return on equity of 9.52%. The firm had revenue of $385.88 million during the quarter, compared to analyst estimates of $355.80 million. On average, analysts expect that Birkenstock Holding plc will post 1.77 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. BMO Capital Markets upped their target price on Birkenstock from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Stifel Nicolaus reduced their price objective on Birkenstock from $70.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. BTIG Research increased their target price on shares of Birkenstock from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $70.00 price target on shares of Birkenstock in a report on Thursday, February 20th. Finally, Robert W. Baird increased their price objective on shares of Birkenstock from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $67.50.

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.