Capital World Investors Takes Position in Birkenstock Holding plc (NYSE:BIRK)

Capital World Investors bought a new position in shares of Birkenstock Holding plc (NYSE:BIRKFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,455,280 shares of the company’s stock, valued at approximately $70,916,000. Capital World Investors owned 0.77% of Birkenstock at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital International Ltd. CA bought a new position in Birkenstock during the fourth quarter worth $1,909,000. New York State Common Retirement Fund bought a new position in shares of Birkenstock in the 4th quarter worth about $1,067,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Birkenstock in the 4th quarter valued at about $1,886,000. Federated Hermes Inc. bought a new stake in shares of Birkenstock during the 4th quarter valued at about $27,152,000. Finally, Amalgamated Bank acquired a new stake in Birkenstock during the fourth quarter worth approximately $233,000. 19.93% of the stock is owned by institutional investors.

Birkenstock Trading Down 1.2 %

BIRK stock opened at $57.87 on Friday. Birkenstock Holding plc has a 1-year low of $35.83 and a 1-year high of $59.77. The stock’s fifty day simple moving average is $46.81 and its two-hundred day simple moving average is $47.25. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.87 and a quick ratio of 1.13.

Birkenstock (NYSE:BIRKGet Free Report) last issued its quarterly earnings results on Thursday, May 30th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.09. The company had revenue of $522.51 million during the quarter, compared to analysts’ expectations of $499.98 million. On average, equities analysts expect that Birkenstock Holding plc will post 1.33 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BIRK. UBS Group upped their price objective on shares of Birkenstock from $51.00 to $52.00 and gave the company a “neutral” rating in a report on Monday, March 4th. BMO Capital Markets upped their price target on Birkenstock from $54.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. Stifel Nicolaus raised their price objective on Birkenstock from $54.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, May 31st. Bank of America upped their target price on Birkenstock from $54.00 to $62.00 and gave the stock a “neutral” rating in a research report on Friday, May 31st. Finally, Robert W. Baird lifted their price target on shares of Birkenstock from $58.00 to $65.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Birkenstock presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.26.

Get Our Latest Research Report on Birkenstock

About Birkenstock

(Free Report)

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.

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Institutional Ownership by Quarter for Birkenstock (NYSE:BIRK)

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