3,857 Shares in Birkenstock Holding plc (NYSE:BIRK) Purchased by Machina Capital S.A.S.

Machina Capital S.A.S. bought a new position in shares of Birkenstock Holding plc (NYSE:BIRK) during the 4th quarter, Holdings Channel reports. The institutional investor bought 3,857 shares of the company’s stock, valued at approximately $219,000.

Several other institutional investors and hedge funds have also bought and sold shares of BIRK. Amalgamated Bank raised its holdings in Birkenstock by 51.8% during the third quarter. Amalgamated Bank now owns 2,071 shares of the company’s stock worth $102,000 after acquiring an additional 707 shares in the last quarter. Venturi Wealth Management LLC increased its position in Birkenstock by 58.8% during the third quarter. Venturi Wealth Management LLC now owns 6,670 shares of the company’s stock worth $329,000 after buying an additional 2,470 shares during the last quarter. GSA Capital Partners LLP increased its position in Birkenstock by 109.0% during the third quarter. GSA Capital Partners LLP now owns 27,051 shares of the company’s stock worth $1,333,000 after buying an additional 14,108 shares during the last quarter. Aigen Investment Management LP increased its position in Birkenstock by 35.9% during the third quarter. Aigen Investment Management LP now owns 11,301 shares of the company’s stock worth $557,000 after buying an additional 2,986 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in Birkenstock by 12.7% during the third quarter. Victory Capital Management Inc. now owns 388,360 shares of the company’s stock worth $19,142,000 after buying an additional 43,657 shares during the last quarter. Institutional investors own 19.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their price target on Birkenstock from $65.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Hsbc Global Res raised Birkenstock to a “strong-buy” rating in a research report on Tuesday, December 3rd. UBS Group boosted their price target on Birkenstock from $83.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. HSBC raised Birkenstock from a “hold” rating to a “buy” rating and boosted their price target for the stock from $58.00 to $60.00 in a research report on Tuesday, December 3rd. Finally, BMO Capital Markets upped their target price on Birkenstock from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Birkenstock currently has an average rating of “Moderate Buy” and a consensus price target of $68.31.

Birkenstock Trading Down 2.9 %

Shares of NYSE:BIRK opened at $45.60 on Monday. The company has a market capitalization of $8.57 billion, a P/E ratio of 36.78, a P/E/G ratio of 1.02 and a beta of 1.90. Birkenstock Holding plc has a 1 year low of $41.00 and a 1 year high of $64.78. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.84 and a quick ratio of 1.08. The business’s 50 day simple moving average is $55.55 and its 200 day simple moving average is $52.37.

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

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.