WINTON GROUP Ltd Sells 4,375 Shares of Birkenstock Holding plc (NYSE:BIRK)

WINTON GROUP Ltd trimmed its holdings in shares of Birkenstock Holding plc (NYSE:BIRK) by 14.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,438 shares of the company’s stock after selling 4,375 shares during the quarter. WINTON GROUP Ltd’s holdings in Birkenstock were worth $1,498,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Quarry LP bought a new stake in shares of Birkenstock during the 3rd quarter valued at $25,000. Signaturefd LLC grew its holdings in Birkenstock by 642.6% during the fourth quarter. Signaturefd LLC now owns 505 shares of the company’s stock valued at $29,000 after purchasing an additional 437 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Birkenstock in the fourth quarter worth about $34,000. MetLife Investment Management LLC increased its position in Birkenstock by 52.2% in the third quarter. MetLife Investment Management LLC now owns 688 shares of the company’s stock worth $34,000 after buying an additional 236 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of Birkenstock in the fourth quarter worth about $143,000. 19.93% of the stock is owned by hedge funds and other institutional investors.

Birkenstock Stock Performance

NYSE BIRK opened at $47.28 on Friday. 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 Holding plc has a 1-year low of $41.00 and a 1-year high of $64.78. The business has a 50 day simple moving average of $52.25 and a two-hundred day simple moving average of $51.53. The stock has a market capitalization of $8.88 billion, a PE ratio of 38.13, a P/E/G ratio of 1.02 and a beta of 1.90.

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BIRK. Piper Sandler initiated coverage on shares of Birkenstock in a report on Tuesday, December 10th. They issued an “overweight” rating and a $65.00 target price for the company. Robert W. Baird increased their price objective on shares of Birkenstock from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Birkenstock from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Telsey Advisory Group reiterated an “outperform” rating and issued a $70.00 price target on shares of Birkenstock in a research note on Thursday, February 20th. Finally, BMO Capital Markets raised their price target on Birkenstock from $60.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.