True Vision MN LLC Purchases Shares of 8,858 Birkenstock Holding plc (NYSE:BIRK)

True Vision MN LLC acquired a new position in Birkenstock Holding plc (NYSE:BIRK) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 8,858 shares of the company’s stock, valued at approximately $502,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BIRK. Bamco Inc. NY grew its stake in shares of Birkenstock by 2.6% in the 3rd quarter. Bamco Inc. NY now owns 3,102,507 shares of the company’s stock valued at $152,923,000 after buying an additional 78,093 shares during the period. FMR LLC raised its position in Birkenstock by 61.4% in the third quarter. FMR LLC now owns 2,128,689 shares of the company’s stock valued at $104,923,000 after purchasing an additional 809,784 shares during the period. Holocene Advisors LP lifted its stake in Birkenstock by 34.4% during the third quarter. Holocene Advisors LP now owns 501,806 shares of the company’s stock worth $24,734,000 after purchasing an additional 128,552 shares in the last quarter. State Street Corp grew its stake in shares of Birkenstock by 49.4% in the third quarter. State Street Corp now owns 402,899 shares of the company’s stock valued at $19,859,000 after buying an additional 133,212 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Birkenstock by 12.7% in the 3rd quarter. Victory Capital Management Inc. now owns 388,360 shares of the company’s stock valued at $19,142,000 after buying an additional 43,657 shares during the period. Institutional investors and hedge funds own 19.93% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on BIRK. Deutsche Bank Aktiengesellschaft lifted their target price on Birkenstock from $65.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. UBS Group upped 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. Piper Sandler began coverage on Birkenstock in a research report on Tuesday, December 10th. They set an “overweight” rating and a $65.00 price objective for the company. BMO Capital Markets lifted their price target on Birkenstock from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Finally, BTIG Research boosted their price objective on shares of Birkenstock from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $68.31.

Birkenstock Stock Performance

NYSE:BIRK opened at $56.57 on Tuesday. The company has a current ratio of 2.60, a quick ratio of 1.20 and a debt-to-equity ratio of 0.50. The firm’s fifty day simple moving average is $57.29 and its 200 day simple moving average is $53.35. The firm has a market capitalization of $10.62 billion, a PE ratio of 52.38, a PEG ratio of 1.13 and a beta of 1.61. Birkenstock Holding plc has a 1 year low of $41.00 and a 1 year high of $64.78.

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.