192,500 Shares in Birkenstock Holding PLC $BIRK Acquired by Ranger Investment Management L.P.

Ranger Investment Management L.P. purchased a new position in shares of Birkenstock Holding PLC (NYSE:BIRK) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 192,500 shares of the company’s stock, valued at approximately $9,467,000. Ranger Investment Management L.P. owned about 0.10% of Birkenstock as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of BIRK. Balyasny Asset Management L.P. grew its holdings in shares of Birkenstock by 214.3% during the 2nd quarter. Balyasny Asset Management L.P. now owns 2,991,187 shares of the company’s stock valued at $147,107,000 after purchasing an additional 2,039,623 shares during the last quarter. Norges Bank bought a new position in shares of Birkenstock during the second quarter valued at about $62,097,000. Holocene Advisors LP increased its holdings in shares of Birkenstock by 239.3% in the second quarter. Holocene Advisors LP now owns 1,748,348 shares of the company’s stock worth $85,984,000 after buying an additional 1,233,085 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in shares of Birkenstock by 25.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 5,167,145 shares of the company’s stock valued at $236,914,000 after acquiring an additional 1,042,891 shares during the last quarter. Finally, Swedbank AB bought a new stake in shares of Birkenstock in the 1st quarter valued at about $45,850,000. 19.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Telsey Advisory Group reissued an “outperform” rating and set a $70.00 price objective on shares of Birkenstock in a research note on Friday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Birkenstock in a report on Monday, December 8th. Guggenheim raised shares of Birkenstock to a “strong-buy” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. dropped their target price on shares of Birkenstock from $81.00 to $66.00 and set an “overweight” rating for the company in a report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $68.38.

Birkenstock Stock Up 1.1%

Shares of Birkenstock stock opened at $45.51 on Friday. The company has a current ratio of 2.78, a quick ratio of 1.29 and a debt-to-equity ratio of 0.50. Birkenstock Holding PLC has a 12-month low of $38.16 and a 12-month high of $62.66. The company has a market cap of $8.55 billion, a P/E ratio of 25.28, a PEG ratio of 0.87 and a beta of 1.14. The company’s fifty day simple moving average is $41.96 and its two-hundred day simple moving average is $47.14.

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.