Birkenstock Holding plc (NYSE:BIRK) Position Increased by Capital World Investors

Capital World Investors lifted its position in Birkenstock Holding plc (NYSE:BIRK) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,490,366 shares of the company’s stock after acquiring an additional 16,466 shares during the period. Capital World Investors owned about 0.79% of Birkenstock worth $84,444,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Renaissance Capital LLC raised its stake in Birkenstock by 94.0% during the 4th quarter. Renaissance Capital LLC now owns 82,190 shares of the company’s stock valued at $4,657,000 after purchasing an additional 39,831 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in Birkenstock in the 4th quarter worth about $606,000. Handelsbanken Fonder AB acquired a new stake in Birkenstock during the 4th quarter worth about $391,000. State Street Corp grew its stake in Birkenstock by 49.4% during the 3rd quarter. State Street Corp now owns 402,899 shares of the company’s stock valued at $19,859,000 after acquiring an additional 133,212 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Birkenstock by 50.5% in the 3rd quarter. Geode Capital Management LLC now owns 188,714 shares of the company’s stock valued at $9,302,000 after purchasing an additional 63,289 shares during the period. Institutional investors and hedge funds own 19.93% of the company’s stock.

Analysts Set New Price Targets

BIRK has been the subject of a number of research analyst reports. Stifel Nicolaus cut their target price on shares of Birkenstock from $70.00 to $62.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Telsey Advisory Group reissued an “outperform” rating and set a $70.00 price objective on shares of Birkenstock in a research report on Thursday, February 20th. Finally, Piper Sandler dropped their target price on Birkenstock from $70.00 to $60.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.50.

Birkenstock Price Performance

Shares of Birkenstock stock opened at $46.73 on Tuesday. The firm has a fifty day moving average price of $47.67 and a two-hundred day moving average price of $51.35. Birkenstock Holding plc has a fifty-two week low of $40.56 and a fifty-two week high of $64.78. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.84 and a quick ratio of 1.08. The company has a market cap of $8.78 billion, a PE ratio of 37.69, a price-to-earnings-growth ratio of 1.02 and a beta of 1.71.

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

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.