Bank Julius Baer & Co. Ltd Zurich Buys Shares of 548 Birkenstock Holding plc (NYSE:BIRK)

Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Birkenstock Holding plc (NYSE:BIRK) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 548 shares of the company’s stock, valued at approximately $34,000.

Several other large investors have also made changes to their positions in BIRK. Quarry LP acquired a new position in Birkenstock during the third quarter worth about $25,000. MetLife Investment Management LLC lifted its stake in Birkenstock by 52.2% in the 3rd quarter. MetLife Investment Management LLC now owns 688 shares of the company’s stock valued at $34,000 after purchasing an additional 236 shares during the last quarter. Amalgamated Bank boosted its position in Birkenstock by 51.8% in the third quarter. Amalgamated Bank now owns 2,071 shares of the company’s stock valued at $102,000 after buying an additional 707 shares in the last quarter. R Squared Ltd acquired a new stake in Birkenstock in the fourth quarter valued at approximately $143,000. Finally, Machina Capital S.A.S. bought a new stake in shares of Birkenstock during the fourth quarter worth $219,000. Institutional investors and hedge funds own 19.93% of the company’s stock.

Birkenstock Stock Performance

Shares of Birkenstock stock opened at $44.94 on Wednesday. The company has a market cap of $8.44 billion, a P/E ratio of 36.24, a PEG ratio of 1.02 and a beta of 1.90. The company has a current ratio of 2.84, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. The business has a 50-day moving average price of $55.03 and a two-hundred day moving average price of $52.11. 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 for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. Birkenstock had a return on equity of 9.52% and a net margin of 11.73%. The business had revenue of $385.88 million during the quarter, compared to the consensus estimate of $355.80 million. As a group, analysts anticipate that Birkenstock Holding plc will post 1.77 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. UBS Group raised their price objective on Birkenstock from $83.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, December 19th. BTIG Research increased their target price on Birkenstock from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft boosted 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. BMO Capital Markets raised their price objective on shares of Birkenstock from $60.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $70.00 target price on shares of Birkenstock in a report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Birkenstock currently has an average rating of “Moderate Buy” and an average price target of $68.31.

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.