Birkenstock Holding plc (NYSE:BIRK) Short Interest Update

Birkenstock Holding plc (NYSE:BIRK) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 4,130,000 shares, a growth of 6.2% from the December 15th total of 3,890,000 shares. Currently, 10.4% of the shares of the stock are short sold. Based on an average trading volume of 1,220,000 shares, the days-to-cover ratio is currently 3.4 days.

Birkenstock Stock Up 3.7 %

Shares of NYSE:BIRK opened at $60.02 on Tuesday. The stock has a 50-day simple moving average of $54.19 and a 200-day simple moving average of $53.02. The stock has a market capitalization of $11.27 billion, a P/E ratio of 55.57, a PEG ratio of 1.13 and a beta of 1.61. Birkenstock 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 0.50, a quick ratio of 1.20 and a current ratio of 2.60.

Analysts Set New Price Targets

A number of research firms recently commented on BIRK. Hsbc Global Res upgraded Birkenstock to a “strong-buy” rating in a research report on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Birkenstock from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Piper Sandler started coverage on shares of Birkenstock in a research note on Tuesday, December 10th. They set an “overweight” rating and a $65.00 price objective on the stock. UBS Group lifted their target price on shares of Birkenstock from $83.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $70.00 price target on shares of Birkenstock in a research note on Thursday, December 19th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Birkenstock currently has a consensus rating of “Moderate Buy” and an average target price of $68.31.

Institutional Investors Weigh In On Birkenstock

Several institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its stake in shares of Birkenstock by 33.7% in the 3rd quarter. GAMMA Investing LLC now owns 893 shares of the company’s stock valued at $44,000 after acquiring an additional 225 shares during the period. MetLife Investment Management LLC raised its position in Birkenstock by 52.2% in the third quarter. MetLife Investment Management LLC now owns 688 shares of the company’s stock valued at $34,000 after purchasing an additional 236 shares during the period. Quarry LP purchased a new position in Birkenstock in the third quarter valued at about $25,000. Amalgamated Bank lifted its stake in shares of Birkenstock by 51.8% during the third quarter. Amalgamated Bank now owns 2,071 shares of the company’s stock worth $102,000 after purchasing an additional 707 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its position in shares of Birkenstock by 58.8% in 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 period. 19.93% of the stock is currently owned by hedge funds and other institutional investors.

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.