Birkenstock Holding plc (NYSE:BIRK) Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC lifted its holdings in Birkenstock Holding plc (NYSE:BIRK) by 9.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,292 shares of the company’s stock after purchasing an additional 622 shares during the period. Venturi Wealth Management LLC’s holdings in Birkenstock were worth $413,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Bamco Inc. NY grew its holdings in shares of Birkenstock by 2.6% in the third quarter. Bamco Inc. NY now owns 3,102,507 shares of the company’s stock valued at $152,923,000 after purchasing an additional 78,093 shares in the last quarter. FMR LLC grew its holdings in shares of Birkenstock by 61.4% in the third quarter. FMR LLC now owns 2,128,689 shares of the company’s stock valued at $104,923,000 after purchasing an additional 809,784 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Birkenstock by 581.8% in the fourth quarter. Principal Financial Group Inc. now owns 542,798 shares of the company’s stock valued at $30,755,000 after purchasing an additional 463,191 shares in the last quarter. Holocene Advisors LP grew its holdings in shares of Birkenstock by 34.4% in the third quarter. Holocene Advisors LP now owns 501,806 shares of the company’s stock valued at $24,734,000 after purchasing an additional 128,552 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Birkenstock by 49.4% in the third quarter. State Street Corp now owns 402,899 shares of the company’s stock valued at $19,859,000 after purchasing an additional 133,212 shares in the last quarter. Institutional investors and hedge funds own 19.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Hsbc Global Res upgraded shares of Birkenstock to a “strong-buy” rating in a report on Tuesday, December 3rd. Piper Sandler assumed coverage on shares of Birkenstock in a report on Tuesday, December 10th. They set an “overweight” rating and a $65.00 price target for the company. Robert W. Baird boosted their price target on shares of Birkenstock from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Telsey Advisory Group reiterated an “outperform” rating and set a $70.00 price target on shares of Birkenstock in a report on Thursday, February 13th. Finally, BTIG Research boosted their price target on shares of Birkenstock from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $68.31.

Birkenstock Stock Down 0.1 %

BIRK stock opened at $54.94 on Thursday. The company has a fifty day moving average price of $57.59 and a 200 day moving average price of $53.26. Birkenstock Holding plc has a 12 month low of $41.00 and a 12 month high of $64.78. The company has a market cap of $10.32 billion, a price-to-earnings ratio of 50.87, a price-to-earnings-growth ratio of 1.10 and a beta of 1.61. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.60 and a quick ratio of 1.20.

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.