Y Intercept Hong Kong Ltd Buys 2,464 Shares of Birkenstock Holding plc (NYSE:BIRK)

Y Intercept Hong Kong Ltd boosted its stake in shares of Birkenstock Holding plc (NYSE:BIRK) by 12.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,492 shares of the company’s stock after acquiring an additional 2,464 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Birkenstock were worth $1,274,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in BIRK. FMR LLC increased its stake in Birkenstock by 61.4% during the third quarter. FMR LLC now owns 2,128,689 shares of the company’s stock worth $104,923,000 after acquiring an additional 809,784 shares during the last quarter. Principal Financial Group Inc. increased its stake in Birkenstock by 581.8% during the fourth quarter. Principal Financial Group Inc. now owns 542,798 shares of the company’s stock worth $30,755,000 after acquiring an additional 463,191 shares during the last quarter. Verition Fund Management LLC increased its stake in Birkenstock by 201.0% during the third quarter. Verition Fund Management LLC now owns 345,852 shares of the company’s stock worth $17,047,000 after acquiring an additional 230,947 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Birkenstock by 299.3% during the third quarter. BNP Paribas Financial Markets now owns 193,268 shares of the company’s stock worth $9,526,000 after acquiring an additional 144,863 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Birkenstock by 49.4% during 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 during the last quarter. 19.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BIRK. Hsbc Global Res upgraded Birkenstock to a “strong-buy” rating in a report on Tuesday, December 3rd. BMO Capital Markets increased their price target on Birkenstock from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft increased their price target on Birkenstock from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Robert W. Baird increased their price target on Birkenstock from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Finally, Piper Sandler began coverage on Birkenstock in a report on Tuesday, December 10th. They issued an “overweight” rating and a $65.00 price target on the stock. Two 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.com, the stock has an average rating of “Moderate Buy” and an average price target of $68.31.

Birkenstock Stock Down 0.1 %

Birkenstock stock opened at $50.79 on Thursday. The stock has a market capitalization of $9.54 billion, a price-to-earnings ratio of 40.96, a PEG ratio of 1.02 and a beta of 1.61. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.84 and a quick ratio of 1.08. The business has a fifty day moving average price of $57.22 and a 200-day moving average price of $53.10. Birkenstock Holding plc has a 1-year low of $41.00 and a 1-year high of $64.78.

Birkenstock (NYSE:BIRK) last issued its earnings results on Thursday, February 20th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The company had revenue of $385.88 million during the quarter, compared to analyst estimates of $355.80 million. Birkenstock had a return on equity of 9.52% and a net margin of 11.73%. Equities research analysts forecast that Birkenstock Holding plc will post 1.77 EPS for the current fiscal year.

Birkenstock 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.