Fox Run Management L.L.C. Invests $848,000 in Birkenstock Holding plc (NYSE:BIRK)

Fox Run Management L.L.C. bought a new position in Birkenstock Holding plc (NYSE:BIRK) during the fourth quarter, HoldingsChannel.com reports. The fund bought 14,975 shares of the company’s stock, valued at approximately $848,000.

A number of other large investors have also recently made changes to their positions in the business. Bamco Inc. NY increased its holdings in shares of Birkenstock by 2.6% in the 3rd quarter. Bamco Inc. NY now owns 3,102,507 shares of the company’s stock worth $152,923,000 after buying an additional 78,093 shares during the last quarter. FMR LLC increased its holdings in shares of Birkenstock by 61.4% in the 3rd quarter. FMR LLC now owns 2,128,689 shares of the company’s stock worth $104,923,000 after buying an additional 809,784 shares during the last quarter. AGF Management Ltd. bought a new position in Birkenstock during the 4th quarter valued at about $37,153,000. Principal Financial Group Inc. grew its holdings in Birkenstock by 581.8% during the 4th quarter. Principal Financial Group Inc. now owns 542,798 shares of the company’s stock valued at $30,755,000 after purchasing an additional 463,191 shares during the last quarter. Finally, Holocene Advisors LP grew its holdings in Birkenstock by 34.4% during the 3rd quarter. Holocene Advisors LP now owns 501,806 shares of the company’s stock valued at $24,734,000 after purchasing an additional 128,552 shares during the last quarter. 19.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BIRK has been the topic of several analyst reports. BMO Capital Markets upped their price target on shares of Birkenstock from $60.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Piper Sandler initiated coverage on shares of Birkenstock in a report on Tuesday, December 10th. They set an “overweight” rating and a $65.00 price target on the stock. UBS Group upped their price target on shares of Birkenstock from $83.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, December 19th. HSBC upgraded shares of Birkenstock from a “hold” rating to a “buy” rating and upped their price target for the company from $58.00 to $60.00 in a report on Tuesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective 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. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $68.31.

Birkenstock Price Performance

Shares of BIRK opened at $45.33 on Monday. The company has a 50 day moving average price of $53.06 and a 200-day moving average price of $51.58. Birkenstock Holding plc has a fifty-two week low of $41.00 and a fifty-two week high of $64.78. The stock has a market capitalization of $8.51 billion, a PE ratio of 36.56, a PEG ratio of 1.02 and a beta of 1.90. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 2.84.

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

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.