Machina Capital S.A.S. Acquires Shares of 3,857 Birkenstock Holding plc (NYSE:BIRK)

Machina Capital S.A.S. acquired a new stake in Birkenstock Holding plc (NYSE:BIRK) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,857 shares of the company’s stock, valued at approximately $219,000.

Several other institutional investors have also recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in shares of Birkenstock in the 4th quarter valued at $283,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Birkenstock in the 4th quarter valued at $606,000. Bank of New York Mellon Corp increased its stake in shares of Birkenstock by 39.8% in the 4th quarter. Bank of New York Mellon Corp now owns 129,808 shares of the company’s stock valued at $7,355,000 after buying an additional 36,987 shares during the period. Y Intercept Hong Kong Ltd increased its stake in shares of Birkenstock by 12.3% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 22,492 shares of the company’s stock valued at $1,274,000 after buying an additional 2,464 shares during the period. Finally, Handelsbanken Fonder AB acquired a new stake in shares of Birkenstock in the 4th quarter valued at $391,000. Institutional investors own 19.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on BIRK shares. Robert W. Baird lifted their target price on Birkenstock from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Deutsche Bank Aktiengesellschaft lifted their price objective on Birkenstock from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Piper Sandler assumed coverage on Birkenstock in a research note on Tuesday, December 10th. They set an “overweight” rating and a $65.00 price objective for the company. Hsbc Global Res raised Birkenstock to a “strong-buy” rating in a research note on Tuesday, December 3rd. Finally, BMO Capital Markets lifted their price objective on Birkenstock from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Birkenstock currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.31.

Birkenstock Stock Performance

Shares of Birkenstock stock opened at $45.60 on Monday. The firm has a market cap of $8.57 billion, a price-to-earnings ratio of 36.78, a price-to-earnings-growth ratio of 1.02 and a beta of 1.90. The stock’s 50-day moving average is $55.55 and its 200-day moving average is $52.37. Birkenstock Holding plc has a one year low of $41.00 and a one year high of $64.78. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.84 and a quick ratio of 1.08.

Birkenstock (NYSE:BIRK) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The company had revenue of $385.88 million for 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 analysts predict that Birkenstock Holding plc will post 1.77 earnings per share for the current fiscal year.

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.