Birkenstock Holding plc (NYSE:BIRK) Shares Bought by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd grew its position in Birkenstock Holding plc (NYSE:BIRK) by 875.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,136 shares of the company’s stock after acquiring an additional 9,097 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in Birkenstock were worth $574,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in Birkenstock in the third quarter valued at approximately $25,000. Signaturefd LLC lifted its holdings in shares of Birkenstock by 642.6% in the 4th quarter. Signaturefd LLC now owns 505 shares of the company’s stock worth $29,000 after purchasing an additional 437 shares during the last quarter. MetLife Investment Management LLC boosted its position in Birkenstock by 52.2% during 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 period. Bank Julius Baer & Co. Ltd Zurich bought a new position in Birkenstock during the 4th quarter worth $34,000. Finally, Headlands Technologies LLC acquired a new stake in Birkenstock in the fourth quarter worth $76,000. 19.93% of the stock is currently owned by institutional investors.

Birkenstock Price Performance

NYSE BIRK opened at $43.96 on Monday. The stock has a market capitalization of $8.26 billion, a P/E ratio of 35.45, a P/E/G ratio of 1.02 and a beta of 1.71. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 2.84. The business’s fifty day moving average is $50.61 and its two-hundred day moving average is $51.58. Birkenstock Holding plc has a 1 year low of $41.00 and a 1 year high of $64.78.

Birkenstock (NYSE:BIRK) last released its quarterly 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 business 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%. On average, research analysts forecast that Birkenstock Holding plc will post 1.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BIRK. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $70.00 price objective on shares of Birkenstock in a report on Thursday, February 20th. UBS Group raised their price target on shares of Birkenstock from $83.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Deutsche Bank Aktiengesellschaft boosted their price objective on Birkenstock from $65.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Robert W. Baird raised their target price on Birkenstock from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Finally, Piper Sandler initiated coverage on Birkenstock in a research report on Tuesday, December 10th. They set an “overweight” rating and a $65.00 price target for the company. Two 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $68.31.

About Birkenstock

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.