Birkenstock Holding plc (NYSE:BIRK) Position Boosted by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd lifted its stake in Birkenstock Holding plc (NYSE:BIRK) by 875.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 10,136 shares of the company’s stock after acquiring an additional 9,097 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in Birkenstock were worth $574,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in Birkenstock in the fourth quarter valued at about $131,786,000. AGF Management Ltd. bought a new stake in shares of Birkenstock in the 4th quarter valued at approximately $37,153,000. Arrowstreet Capital Limited Partnership increased its holdings in Birkenstock by 9,658.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 470,182 shares of the company’s stock worth $26,641,000 after buying an additional 465,364 shares during the last quarter. Principal Financial Group Inc. raised its position in Birkenstock by 581.8% during the fourth 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 in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Birkenstock by 27.2% in the fourth quarter. Alliancebernstein L.P. now owns 1,342,214 shares of the company’s stock valued at $76,050,000 after acquiring an additional 286,618 shares during the last quarter. 19.93% of the stock is currently owned by institutional investors and hedge funds.

Birkenstock Price Performance

Shares of Birkenstock stock opened at $43.96 on Monday. The firm has a fifty day moving average price of $50.61 and a two-hundred 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 company has a debt-to-equity ratio of 0.48, a current ratio of 2.84 and a quick ratio of 1.08. The company has a market cap of $8.26 billion, a PE ratio of 35.45, a price-to-earnings-growth ratio of 1.02 and a beta of 1.71.

Birkenstock (NYSE:BIRK) last released its earnings results on Thursday, February 20th. The company reported $0.19 earnings per share 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%. Analysts expect that Birkenstock Holding plc will post 1.77 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. 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. Telsey Advisory Group restated an “outperform” rating and set a $70.00 target price on shares of Birkenstock in a report on Thursday, February 20th. UBS Group upped their price target on Birkenstock from $83.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Deutsche Bank Aktiengesellschaft raised their price objective on Birkenstock from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, 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. 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.