Blueshift Asset Management LLC Invests $334,000 in Birkenstock Holding plc (NYSE:BIRK)

Blueshift Asset Management LLC purchased a new stake in Birkenstock Holding plc (NYSE:BIRK) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,889 shares of the company’s stock, valued at approximately $334,000.

Several other institutional investors have also recently bought and sold shares of the stock. Magnetar Financial LLC acquired a new stake in shares of Birkenstock during the fourth quarter worth $607,000. OPTIMAS CAPITAL Ltd bought a new position in Birkenstock during the fourth quarter worth about $2,125,000. Signaturefd LLC grew its position in shares of Birkenstock by 642.6% during the 4th quarter. Signaturefd LLC now owns 505 shares of the company’s stock worth $29,000 after buying an additional 437 shares during the period. Natixis Advisors LLC acquired a new stake in shares of Birkenstock in the 4th quarter valued at approximately $577,000. Finally, Tredje AP fonden boosted its stake in Birkenstock by 106.7% during the 4th quarter. Tredje AP fonden now owns 310,000 shares of the company’s stock worth $17,565,000 after acquiring an additional 160,000 shares during the last quarter. Institutional investors own 19.93% of the company’s stock.

Birkenstock Trading Up 0.4 %

Shares of Birkenstock stock opened at $45.33 on Friday. Birkenstock Holding plc has a 12-month low of $41.00 and a 12-month high of $64.78. The company has a quick ratio of 1.08, a current ratio of 2.84 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average is $53.06 and its 200-day moving average is $51.55. The stock has a market cap of $8.51 billion, a P/E ratio of 36.56, a P/E/G ratio of 1.02 and a beta of 1.90.

Birkenstock (NYSE:BIRK) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The firm had revenue of $385.88 million during the quarter, compared to analysts’ expectations of $355.80 million. Birkenstock had a net margin of 11.73% and a return on equity of 9.52%. Equities research analysts predict that Birkenstock Holding plc will post 1.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BIRK has been the topic of a number of recent analyst reports. Hsbc Global Res raised shares of Birkenstock to a “strong-buy” rating in a research report on Tuesday, December 3rd. HSBC upgraded Birkenstock from a “hold” rating to a “buy” rating and lifted their target price for the stock from $58.00 to $60.00 in a report on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft increased their price target on Birkenstock from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Telsey Advisory Group reiterated an “outperform” rating and set a $70.00 price objective on shares of Birkenstock in a report on Thursday, February 20th. Finally, BTIG Research increased their target price on Birkenstock from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Two research 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. Based on data from MarketBeat, Birkenstock presently has an average rating of “Moderate Buy” and a consensus target price of $68.31.

Birkenstock Company 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.