18,728 Shares in Birkenstock Holding plc (NYSE:BIRK) Bought by AXQ Capital LP

AXQ Capital LP bought a new position in shares of Birkenstock Holding plc (NYSE:BIRK) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 18,728 shares of the company’s stock, valued at approximately $1,061,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of BIRK. Quarry LP purchased a new stake in shares of Birkenstock in the third quarter valued at about $25,000. Signaturefd LLC raised its holdings in shares of Birkenstock by 642.6% in the fourth quarter. Signaturefd LLC now owns 505 shares of the company’s stock valued at $29,000 after buying an additional 437 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Birkenstock in the fourth quarter valued at about $34,000. MetLife Investment Management LLC raised its holdings in Birkenstock by 52.2% during the third quarter. MetLife Investment Management LLC now owns 688 shares of the company’s stock worth $34,000 after purchasing an additional 236 shares in the last quarter. Finally, R Squared Ltd purchased a new position in Birkenstock during the fourth quarter worth about $143,000. Institutional investors and hedge funds own 19.93% of the company’s stock.

Birkenstock Stock Performance

NYSE:BIRK opened at $45.33 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. The company has a market cap of $8.51 billion, a P/E ratio of 36.56, a P/E/G ratio of 1.02 and a beta of 1.90. Birkenstock Holding plc has a fifty-two week low of $41.00 and a fifty-two week high of $64.78. The firm’s 50 day moving average is $53.06 and its two-hundred day moving average is $51.55.

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

Analysts Set New Price Targets

BIRK has been the subject of several analyst reports. HSBC raised shares of Birkenstock from a “hold” rating to a “buy” rating and increased their price target for the stock from $58.00 to $60.00 in a report on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Birkenstock from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Robert W. Baird upped their target price on shares of Birkenstock from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Telsey Advisory Group restated an “outperform” rating and set a $70.00 target price on shares of Birkenstock in a research report on Thursday, February 20th. Finally, UBS Group upped their target price on shares of Birkenstock from $83.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $68.31.

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.