Birkenstock Holding plc (NYSE:BIRK) Shares Sold by Polymer Capital Management HK LTD

Polymer Capital Management HK LTD lessened its position in shares of Birkenstock Holding plc (NYSE:BIRK) by 38.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,300 shares of the company’s stock after selling 3,326 shares during the quarter. Polymer Capital Management HK LTD’s holdings in Birkenstock were worth $300,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BIRK. Norges Bank purchased a new stake in Birkenstock in the fourth quarter valued at $131,786,000. Alliancebernstein L.P. raised its holdings 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 in the last quarter. AGF Management Ltd. acquired a new stake in shares of Birkenstock in the 4th quarter valued at $37,153,000. Principal Financial Group Inc. raised its stake in Birkenstock by 581.8% in the fourth quarter. Principal Financial Group Inc. now owns 542,798 shares of the company’s stock valued at $30,755,000 after buying an additional 463,191 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Birkenstock by 9,658.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 470,182 shares of the company’s stock worth $26,641,000 after purchasing an additional 465,364 shares during the last quarter. 19.93% of the stock is currently owned by institutional investors and hedge funds.

Birkenstock Trading Down 1.5 %

NYSE:BIRK opened at $43.96 on Monday. Birkenstock Holding plc has a 52-week low of $41.00 and a 52-week high of $64.78. The company has a quick ratio of 1.08, a current ratio of 2.84 and a debt-to-equity ratio of 0.48. The stock has a fifty day simple moving average of $50.61 and a 200-day simple moving average of $51.58. The company has a market capitalization 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 announced its quarterly earnings results on Thursday, February 20th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03. Birkenstock had a net margin of 11.73% and a return on equity of 9.52%. The company had revenue of $385.88 million for the quarter, compared to the consensus estimate of $355.80 million. On average, equities research analysts expect that Birkenstock Holding plc will post 1.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BIRK has been the subject of a number of research analyst reports. Telsey Advisory Group reissued an “outperform” rating and issued a $70.00 target price on shares of Birkenstock in a research report on Thursday, February 20th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Birkenstock from $65.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, December 19th. BMO Capital Markets increased their price target on shares of Birkenstock from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. UBS Group upped their target price on shares of Birkenstock from $83.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, BTIG Research boosted their target price on Birkenstock from $60.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.