WINTON GROUP Ltd Sells 4,375 Shares of Birkenstock Holding plc (NYSE:BIRK)

WINTON GROUP Ltd lowered its stake in shares of Birkenstock Holding plc (NYSE:BIRK) by 14.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 26,438 shares of the company’s stock after selling 4,375 shares during the quarter. WINTON GROUP Ltd’s holdings in Birkenstock were worth $1,498,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of BIRK. FMR LLC lifted its stake in Birkenstock by 61.4% in the third quarter. FMR LLC now owns 2,128,689 shares of the company’s stock worth $104,923,000 after purchasing an additional 809,784 shares during the last quarter. AGF Management Ltd. bought a new stake in shares of Birkenstock during the 4th quarter worth approximately $37,153,000. Principal Financial Group Inc. boosted 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 acquiring an additional 463,191 shares during the period. Verition Fund Management LLC grew its position in Birkenstock by 201.0% in the 3rd quarter. Verition Fund Management LLC now owns 345,852 shares of the company’s stock valued at $17,047,000 after acquiring an additional 230,947 shares during the last quarter. Finally, Tredje AP fonden increased its stake in Birkenstock by 106.7% in the fourth quarter. Tredje AP fonden now owns 310,000 shares of the company’s stock worth $17,565,000 after purchasing an additional 160,000 shares during the period. Hedge funds and other institutional investors own 19.93% of the company’s stock.

Birkenstock Price Performance

BIRK opened at $47.28 on Friday. The firm has a market capitalization of $8.88 billion, a PE ratio of 38.13, a price-to-earnings-growth ratio of 1.02 and a beta of 1.90. The business’s 50-day moving average is $52.25 and its two-hundred day moving average is $51.53. 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.

Birkenstock (NYSE:BIRK) last issued its quarterly earnings data 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. Birkenstock had a net margin of 11.73% and a return on equity of 9.52%. The firm had revenue of $385.88 million for the quarter, compared to the consensus estimate of $355.80 million. Research analysts anticipate that Birkenstock Holding plc will post 1.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Hsbc Global Res upgraded shares of Birkenstock to a “strong-buy” rating in a report on Tuesday, December 3rd. 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 note on Thursday, December 19th. BMO Capital Markets lifted their price target on shares of Birkenstock from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Telsey Advisory Group reissued an “outperform” rating and issued a $70.00 price objective on shares of Birkenstock in a research note on Thursday, February 20th. Finally, HSBC raised Birkenstock from a “hold” rating to a “buy” rating and lifted their target price for the company from $58.00 to $60.00 in a research report on Tuesday, December 3rd. Two research 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.31.

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.