Birkenstock Holding plc (NYSE:BIRK) Stock Position Lifted by Interval Partners LP

Interval Partners LP boosted its stake in Birkenstock Holding plc (NYSE:BIRK) by 233.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 183,452 shares of the company’s stock after buying an additional 128,452 shares during the quarter. Interval Partners LP owned approximately 0.10% of Birkenstock worth $8,668,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BIRK. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Birkenstock during the fourth quarter worth $458,539,000. Norges Bank purchased a new stake in shares of Birkenstock during the 4th quarter worth about $177,068,000. Capital World Investors acquired a new stake in shares of Birkenstock during the 4th quarter valued at about $70,916,000. Federated Hermes Inc. bought a new stake in shares of Birkenstock in the 4th quarter valued at approximately $27,152,000. Finally, Bwcp LP increased its holdings in Birkenstock by 162.3% in the first quarter. Bwcp LP now owns 209,645 shares of the company’s stock worth $9,906,000 after buying an additional 129,726 shares during the last quarter. Hedge funds and other institutional investors own 19.93% of the company’s stock.

Birkenstock Stock Up 0.6 %

Shares of BIRK traded up $0.38 during trading hours on Tuesday, reaching $58.93. 530,702 shares of the company traded hands, compared to its average volume of 879,171. Birkenstock Holding plc has a 1-year low of $35.83 and a 1-year high of $61.83. The stock’s fifty day moving average is $56.00 and its 200 day moving average is $49.95. The company has a quick ratio of 1.13, a current ratio of 2.87 and a debt-to-equity ratio of 0.56.

Birkenstock (NYSE:BIRK) last announced its quarterly earnings data on Thursday, May 30th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.09. The firm had revenue of $522.51 million during the quarter, compared to the consensus estimate of $499.98 million. Equities research analysts forecast that Birkenstock Holding plc will post 1.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. BNP Paribas initiated coverage on shares of Birkenstock in a research note on Thursday, June 20th. They issued an “outperform” rating and a $68.00 target price for the company. JPMorgan Chase & Co. upped their price objective on shares of Birkenstock from $56.00 to $64.00 and gave the stock an “overweight” rating in a report on Monday, June 3rd. Telsey Advisory Group restated an “outperform” rating and set a $56.00 target price on shares of Birkenstock in a report on Thursday, May 30th. Stifel Nicolaus upped their price target on Birkenstock from $54.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. Finally, Morgan Stanley boosted their target price on Birkenstock from $44.00 to $58.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 25th. Four research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $60.29.

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.