Jacobs Levy Equity Management Inc. Acquires 688 Shares of Birkenstock Holding plc (NYSE:BIRK)

Jacobs Levy Equity Management Inc. raised its holdings in Birkenstock Holding plc (NYSE:BIRK) by 4.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,778 shares of the company’s stock after buying an additional 688 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Birkenstock were worth $837,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Oak Thistle LLC acquired a new position in shares of Birkenstock in the fourth quarter valued at approximately $458,000. R Squared Ltd acquired a new position in shares of Birkenstock in the fourth quarter valued at approximately $143,000. Renaissance Capital LLC grew its position in shares of Birkenstock by 94.0% in the fourth 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 last quarter. True Vision MN LLC acquired a new position in shares of Birkenstock in the fourth quarter valued at approximately $502,000. Finally, Vontobel Holding Ltd. acquired a new stake in Birkenstock during the fourth quarter worth approximately $461,000. Institutional investors own 19.93% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. UBS Group increased their price target on Birkenstock from $72.00 to $76.00 and gave the stock a “buy” rating in a research report on Friday. Stifel Nicolaus increased their price target on Birkenstock from $62.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday. BMO Capital Markets increased their price target on Birkenstock from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday. Piper Sandler reduced their price target 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, Robert W. Baird increased their price target on Birkenstock from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $67.63.

Birkenstock Stock Down 1.7%

Shares of BIRK opened at $56.70 on Friday. Birkenstock Holding plc has a 52 week low of $40.56 and a 52 week high of $64.78. The stock has a market capitalization of $10.65 billion, a price-to-earnings ratio of 45.73, a PEG ratio of 1.02 and a beta of 1.56. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 2.84. The stock has a fifty day moving average of $48.32 and a 200-day moving average of $51.64.

Birkenstock (NYSE:BIRK) last announced its quarterly earnings results on Thursday, May 15th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Birkenstock had a return on equity of 9.52% and a net margin of 11.73%. The company had revenue of $623.54 million during the quarter, compared to analysts’ expectations of $567.84 million. As a group, sell-side analysts anticipate that Birkenstock Holding plc will post 1.77 earnings per share for the current fiscal year.

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.