Hudson Bay Capital Management LP Decreases Stock Holdings in Birkenstock Holding plc (NYSE:BIRK)

Hudson Bay Capital Management LP trimmed its holdings in Birkenstock Holding plc (NYSE:BIRK) by 75.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,874 shares of the company’s stock after selling 138,766 shares during the quarter. Hudson Bay Capital Management LP’s holdings in Birkenstock were worth $2,599,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Signaturefd LLC increased its holdings 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 last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Birkenstock during the 4th quarter worth approximately $34,000. NewEdge Advisors LLC acquired a new stake in shares of Birkenstock during the 4th quarter worth approximately $45,000. Quarry LP increased its holdings in shares of Birkenstock by 120.3% during the 4th quarter. Quarry LP now owns 1,097 shares of the company’s stock worth $62,000 after buying an additional 599 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Birkenstock during the 4th quarter worth approximately $76,000. 19.93% of the stock is owned by hedge funds and other institutional investors.

Birkenstock Stock Performance

NYSE:BIRK opened at $54.23 on Wednesday. The company has a fifty day simple moving average of $47.63 and a two-hundred day simple moving average of $51.50. The company has a market cap of $10.19 billion, a price-to-earnings ratio of 43.73, a price-to-earnings-growth ratio of 1.02 and a beta of 1.56. The company has a quick ratio of 1.08, a current ratio of 2.84 and a debt-to-equity ratio of 0.48. Birkenstock Holding plc has a 52 week low of $40.56 and a 52 week high of $64.78.

Birkenstock (NYSE:BIRK) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. The business had revenue of $385.88 million during the quarter, compared to the consensus estimate of $355.80 million. Birkenstock had a net margin of 11.73% and a return on equity of 9.52%. As a group, equities analysts anticipate that Birkenstock Holding plc will post 1.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BIRK has been the subject of a number of recent analyst reports. UBS Group raised their price target on shares of Birkenstock from $68.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, May 5th. Telsey Advisory Group reiterated an “outperform” rating and issued a $70.00 target price on shares of Birkenstock in a report on Friday, May 9th. Piper Sandler dropped their target price on shares of Birkenstock from $70.00 to $60.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Finally, Stifel Nicolaus dropped their target price on shares of Birkenstock from $70.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Birkenstock currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.06.

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.