Premier Fund Managers Ltd Takes Position in Birkenstock Holding plc (NYSE:BIRK)

Premier Fund Managers Ltd acquired a new position in Birkenstock Holding plc (NYSE:BIRK) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 15,945 shares of the company’s stock, valued at approximately $920,000.

A number of other hedge funds also recently bought and sold shares of BIRK. MetLife Investment Management LLC raised its position in Birkenstock by 52.2% in the third quarter. MetLife Investment Management LLC now owns 688 shares of the company’s stock worth $34,000 after acquiring an additional 236 shares during the period. Signaturefd LLC raised its stake in Birkenstock by 642.6% during the 4th quarter. Signaturefd LLC now owns 505 shares of the company’s stock worth $29,000 after acquiring an additional 437 shares during the period. Quarry LP purchased a new position in Birkenstock during the third quarter valued at approximately $25,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Birkenstock in the fourth quarter worth approximately $34,000. Finally, Venturi Wealth Management LLC increased its stake in shares of Birkenstock by 9.3% in the fourth quarter. Venturi Wealth Management LLC now owns 7,292 shares of the company’s stock worth $413,000 after purchasing an additional 622 shares in the last quarter. Hedge funds and other institutional investors own 19.93% of the company’s stock.

Analyst Ratings Changes

BIRK has been the subject of several recent analyst reports. Hsbc Global Res raised shares of Birkenstock to a “strong-buy” rating in a report on Tuesday, December 3rd. BTIG Research increased their target price on Birkenstock from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. BMO Capital Markets boosted their price target on Birkenstock from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. UBS Group upped their price target on Birkenstock from $83.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Finally, Piper Sandler initiated coverage on shares of Birkenstock in a research report on Tuesday, December 10th. They set an “overweight” rating and a $65.00 price objective on the stock. Two 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $68.31.

Birkenstock Stock Up 1.0 %

NYSE BIRK opened at $47.28 on Friday. The company has a quick ratio of 1.08, a current ratio of 2.84 and a debt-to-equity ratio of 0.48. Birkenstock Holding plc has a 52 week low of $41.00 and a 52 week high of $64.78. The firm has a market capitalization of $8.88 billion, a price-to-earnings ratio of 38.13, a PEG ratio of 1.02 and a beta of 1.90. The company has a fifty day moving average of $52.25 and a two-hundred day moving average of $51.53.

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