Westfield Capital Management Co. LP Buys 104,265 Shares of Birkenstock Holding PLC $BIRK

Westfield Capital Management Co. LP raised its stake in Birkenstock Holding PLC (NYSE:BIRK) by 6.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,676,950 shares of the company’s stock after buying an additional 104,265 shares during the period. Westfield Capital Management Co. LP owned about 0.89% of Birkenstock worth $82,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of BIRK. GAMMA Investing LLC boosted its holdings in shares of Birkenstock by 34.5% in the second quarter. GAMMA Investing LLC now owns 908 shares of the company’s stock valued at $45,000 after purchasing an additional 233 shares during the period. Signaturefd LLC increased its stake in shares of Birkenstock by 66.5% during the first quarter. Signaturefd LLC now owns 841 shares of the company’s stock valued at $39,000 after buying an additional 336 shares during the period. Connable Office Inc. increased its position in Birkenstock by 7.8% during the 2nd quarter. Connable Office Inc. now owns 4,767 shares of the company’s stock valued at $234,000 after purchasing an additional 344 shares during the period. NewEdge Advisors LLC raised its holdings in shares of Birkenstock by 61.0% in the 1st quarter. NewEdge Advisors LLC now owns 1,288 shares of the company’s stock valued at $59,000 after purchasing an additional 488 shares in the last quarter. Finally, Amalgamated Bank lifted its position in shares of Birkenstock by 26.8% in the 2nd quarter. Amalgamated Bank now owns 2,632 shares of the company’s stock worth $129,000 after purchasing an additional 556 shares during the period. 19.93% of the stock is owned by hedge funds and other institutional investors.

Birkenstock Trading Up 1.5%

NYSE BIRK opened at $40.92 on Thursday. The company has a fifty day moving average of $42.90 and a 200 day moving average of $48.45. The company has a market capitalization of $7.69 billion, a PE ratio of 22.63, a P/E/G ratio of 0.76 and a beta of 1.22. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.78 and a quick ratio of 1.29. Birkenstock Holding PLC has a 1 year low of $38.16 and a 1 year high of $62.66.

Wall Street Analysts Forecast Growth

BIRK has been the topic of a number of analyst reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $70.00 price target on shares of Birkenstock in a report on Friday, September 26th. The Goldman Sachs Group upgraded shares of Birkenstock from a “neutral” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Thursday, July 24th. Weiss Ratings reissued a “hold (c-)” rating on shares of Birkenstock in a research report on Thursday, November 13th. JPMorgan Chase & Co. reduced their price target on Birkenstock from $81.00 to $66.00 and set an “overweight” rating on the stock in a research report on Friday, September 19th. Finally, UBS Group set a $77.00 price objective on Birkenstock and gave the stock a “buy” rating in a research report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $68.38.

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.