Birkenstock Holding plc (NYSE:BIRK) Position Lowered by Greenvale Capital LLP

Greenvale Capital LLP lessened its stake in shares of Birkenstock Holding plc (NYSE:BIRK) by 31.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,500,000 shares of the company’s stock after selling 700,000 shares during the period. Birkenstock accounts for approximately 6.3% of Greenvale Capital LLP’s holdings, making the stock its 7th biggest position. Greenvale Capital LLP owned 0.80% of Birkenstock worth $84,990,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BIRK. Signaturefd LLC grew its holdings in Birkenstock by 642.6% during the 4th quarter. Signaturefd LLC now owns 505 shares of the company’s stock valued at $29,000 after buying an additional 437 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Birkenstock in the fourth quarter valued at $34,000. NewEdge Advisors LLC bought a new stake in Birkenstock in the fourth quarter worth $45,000. Quarry LP raised its stake in Birkenstock by 120.3% during the fourth quarter. Quarry LP now owns 1,097 shares of the company’s stock valued at $62,000 after purchasing an additional 599 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in Birkenstock during the fourth quarter valued at $76,000. 19.93% of the stock is owned by institutional investors.

Birkenstock Stock Performance

Shares of NYSE:BIRK opened at $52.64 on Friday. The firm’s 50 day simple moving average is $47.37 and its 200-day simple moving average is $51.43. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 2.84. Birkenstock Holding plc has a one year low of $40.56 and a one year high of $64.78. The firm has a market cap of $9.89 billion, a PE ratio of 42.45, a price-to-earnings-growth ratio of 1.02 and a beta of 1.56.

Birkenstock (NYSE:BIRK) last announced its 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 business had revenue of $385.88 million for the quarter, compared to analysts’ expectations of $355.80 million. As a group, equities analysts predict that Birkenstock Holding plc will post 1.77 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BIRK shares. Stifel Nicolaus decreased their target price on shares of Birkenstock from $70.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $70.00 price objective on shares of Birkenstock in a research note on Friday. Piper Sandler cut 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. Finally, UBS Group raised their price target on Birkenstock from $68.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. Two 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.06.

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.