Birkenstock Holding PLC $BIRK Shares Purchased by Deutsche Bank AG

Deutsche Bank AG raised its stake in shares of Birkenstock Holding PLC (NYSE:BIRK) by 56.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 78,876 shares of the company’s stock after buying an additional 28,533 shares during the quarter. Deutsche Bank AG’s holdings in Birkenstock were worth $3,616,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of BIRK. Signaturefd LLC grew its holdings in Birkenstock by 66.5% during the 1st quarter. Signaturefd LLC now owns 841 shares of the company’s stock valued at $39,000 after buying an additional 336 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in Birkenstock during the 4th quarter valued at $45,000. Quarry LP grew its holdings in Birkenstock by 120.3% during the 4th quarter. Quarry LP now owns 1,097 shares of the company’s stock valued at $62,000 after buying an additional 599 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Birkenstock by 112.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,338 shares of the company’s stock valued at $76,000 after buying an additional 707 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its stake in shares of Birkenstock by 49.7% during the 4th quarter. Sterling Capital Management LLC now owns 2,354 shares of the company’s stock worth $133,000 after purchasing an additional 782 shares during the period. Institutional investors and hedge funds own 19.93% of the company’s stock.

Birkenstock Trading Up 1.8%

Shares of BIRK opened at $50.71 on Tuesday. The company has a current ratio of 3.06, a quick ratio of 1.34 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $9.52 billion, a P/E ratio of 28.17, a price-to-earnings-growth ratio of 1.15 and a beta of 1.31. The stock’s fifty day simple moving average is $50.14 and its 200 day simple moving average is $50.40. Birkenstock Holding PLC has a twelve month low of $40.56 and a twelve month high of $64.78.

Birkenstock (NYSE:BIRK) last released its quarterly earnings data on Thursday, August 14th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.67 by $0.03. Birkenstock had a return on equity of 11.60% and a net margin of 15.21%. The company had revenue of $749.13 million for the quarter, compared to analyst estimates of $641.18 million. During the same period last year, the company posted $0.40 earnings per share. The firm’s revenue was up 12.4% compared to the same quarter last year. On average, equities research analysts forecast that Birkenstock Holding PLC will post 1.77 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. The Goldman Sachs Group raised Birkenstock from a “neutral” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Thursday, July 24th. Robert W. Baird increased their price target on Birkenstock from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 16th. Telsey Advisory Group reissued an “outperform” rating and set a $70.00 price target on shares of Birkenstock in a research note on Thursday, August 14th. Bank of America increased their price target on Birkenstock from $70.00 to $73.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. Finally, BMO Capital Markets increased their price target on Birkenstock from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, May 16th. Thirteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $68.58.

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.