American Century Companies Inc. Makes New Investment in Birkenstock Holding PLC $BIRK

American Century Companies Inc. acquired a new stake in Birkenstock Holding PLC (NYSE:BIRK) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 379,166 shares of the company’s stock, valued at approximately $18,647,000. American Century Companies Inc. owned approximately 0.20% of Birkenstock as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in shares of Birkenstock by 34.5% in the 2nd quarter. GAMMA Investing LLC now owns 908 shares of the company’s stock worth $45,000 after acquiring an additional 233 shares in the last quarter. NewEdge Advisors LLC grew its stake in Birkenstock by 61.0% in the first quarter. NewEdge Advisors LLC now owns 1,288 shares of the company’s stock worth $59,000 after purchasing an additional 488 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in Birkenstock by 3,131.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 2,068 shares of the company’s stock worth $102,000 after purchasing an additional 2,004 shares in the last quarter. Amalgamated Bank lifted its position in Birkenstock by 26.8% during the second quarter. Amalgamated Bank now owns 2,632 shares of the company’s stock valued at $129,000 after buying an additional 556 shares during the period. Finally, Virtu Financial LLC purchased a new position in Birkenstock during the first quarter valued at $205,000. Hedge funds and other institutional investors own 19.93% of the company’s stock.

Birkenstock Stock Performance

Shares of NYSE BIRK opened at $42.47 on Wednesday. Birkenstock Holding PLC has a 12-month low of $38.16 and a 12-month high of $62.66. The firm has a market capitalization of $7.98 billion, a price-to-earnings ratio of 23.59, a price-to-earnings-growth ratio of 0.83 and a beta of 1.14. The company has a current ratio of 2.78, a quick ratio of 1.29 and a debt-to-equity ratio of 0.50. The firm has a 50 day moving average of $42.18 and a 200 day moving average of $47.69.

Analyst Ratings Changes

A number of analysts have recently weighed in on BIRK shares. JPMorgan Chase & Co. reduced their target price on shares of Birkenstock from $81.00 to $66.00 and set an “overweight” rating on the stock in a research report on Friday, September 19th. Telsey Advisory Group reissued an “outperform” rating and issued a $70.00 target price on shares of Birkenstock in a report on Friday, September 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Birkenstock in a report on Monday. Finally, UBS Group set a $77.00 price objective on Birkenstock and gave the company a “buy” rating in a research report on Tuesday, August 5th. Thirteen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $69.08.

Birkenstock Company 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.