Headlands Technologies LLC Acquires New Holdings in Birkenstock Holding plc (NYSE:BIRK)

Headlands Technologies LLC bought a new stake in shares of Birkenstock Holding plc (NYSE:BIRK) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,333 shares of the company’s stock, valued at approximately $76,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MetLife Investment Management LLC boosted its position in shares of 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 buying an additional 236 shares during the period. Signaturefd LLC boosted its position 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 bought a new position in shares of Birkenstock in the third quarter worth $25,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Birkenstock during the fourth quarter valued at $34,000. Finally, Venturi Wealth Management LLC raised its stake in shares of Birkenstock by 9.3% during the fourth quarter. Venturi Wealth Management LLC now owns 7,292 shares of the company’s stock valued at $413,000 after purchasing an additional 622 shares in the last quarter. Institutional investors own 19.93% of the company’s stock.

Birkenstock Stock Performance

Shares of BIRK opened at $43.96 on Monday. The company has a 50-day moving average of $50.61 and a two-hundred day moving average of $51.58. The stock has a market cap of $8.26 billion, a price-to-earnings ratio of 35.45, a PEG ratio of 1.02 and a beta of 1.71. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.84 and a quick ratio of 1.08. Birkenstock Holding plc has a one year low of $41.00 and a one year high of $64.78.

Birkenstock (NYSE:BIRK) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.19 EPS for the quarter, topping 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 firm had revenue of $385.88 million during the quarter, compared to analyst estimates of $355.80 million. On average, equities research analysts expect that Birkenstock Holding plc will post 1.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Birkenstock from $65.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Telsey Advisory Group reiterated an “outperform” rating and set a $70.00 price objective on shares of Birkenstock in a research note on Thursday, February 20th. BMO Capital Markets upped their target price on Birkenstock from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Robert W. Baird lifted their price target on Birkenstock from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Finally, UBS Group boosted their price objective on Birkenstock from $83.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Birkenstock currently has an average rating of “Moderate Buy” and an average price target of $68.31.

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.