Birkenstock Holding plc (NYSE:BIRK) Holdings Raised by Quantbot Technologies LP

Quantbot Technologies LP grew its position in Birkenstock Holding plc (NYSE:BIRK) by 16.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 101,634 shares of the company’s stock after buying an additional 14,346 shares during the period. Quantbot Technologies LP’s holdings in Birkenstock were worth $5,759,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Amalgamated Bank boosted its position in Birkenstock by 51.8% during the 3rd quarter. Amalgamated Bank now owns 2,071 shares of the company’s stock worth $102,000 after acquiring an additional 707 shares during the period. Victory Capital Management Inc. boosted its position in Birkenstock by 12.7% during the 3rd quarter. Victory Capital Management Inc. now owns 388,360 shares of the company’s stock worth $19,142,000 after acquiring an additional 43,657 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Birkenstock by 59.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,627 shares of the company’s stock worth $327,000 after acquiring an additional 2,473 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Birkenstock in the third quarter valued at $1,048,000. Finally, Crestwood Capital Management L.P. lifted its holdings in shares of Birkenstock by 20.8% in the third quarter. Crestwood Capital Management L.P. now owns 147,853 shares of the company’s stock valued at $7,288,000 after buying an additional 25,451 shares during the period. 19.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BIRK has been the subject of several research analyst reports. BMO Capital Markets upped their price objective on Birkenstock from $60.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Hsbc Global Res upgraded Birkenstock to a “strong-buy” rating in a report on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft boosted their target price on Birkenstock from $65.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Piper Sandler began coverage on Birkenstock in a research report on Tuesday, December 10th. They set an “overweight” rating and a $65.00 target price on the stock. Finally, UBS Group boosted their target price on Birkenstock from $83.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $68.31.

Birkenstock Stock Performance

Shares of BIRK stock opened at $43.79 on Friday. 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 fifty-two week low of $41.00 and a fifty-two week high of $64.78. The stock’s 50-day moving average is $54.56 and its two-hundred day moving average is $52.02. The firm has a market cap of $8.22 billion, a P/E ratio of 35.31, a PEG ratio of 1.02 and a beta of 1.90.

Birkenstock (NYSE:BIRK) last issued its earnings results 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%. Analysts predict that Birkenstock Holding plc will post 1.77 earnings per share for the current fiscal 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.