Fox Run Management L.L.C. Purchases New Position in Birkenstock Holding plc (NYSE:BIRK)

Fox Run Management L.L.C. purchased a new stake in shares of Birkenstock Holding plc (NYSE:BIRK) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,975 shares of the company’s stock, valued at approximately $848,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. HighTower Advisors LLC boosted its holdings in Birkenstock by 370.8% in the third quarter. HighTower Advisors LLC now owns 26,165 shares of the company’s stock worth $1,289,000 after purchasing an additional 20,607 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Birkenstock in the third quarter worth approximately $1,323,000. Renaissance Capital LLC boosted its holdings in Birkenstock by 94.0% in the fourth quarter. Renaissance Capital LLC now owns 82,190 shares of the company’s stock worth $4,657,000 after purchasing an additional 39,831 shares during the last quarter. FMR LLC boosted its holdings in Birkenstock by 61.4% in the third quarter. FMR LLC now owns 2,128,689 shares of the company’s stock worth $104,923,000 after purchasing an additional 809,784 shares during the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new stake in Birkenstock in the fourth quarter worth approximately $606,000. Institutional investors own 19.93% of the company’s stock.

Birkenstock Stock Performance

Shares of NYSE BIRK opened at $45.33 on Monday. 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 company has a market cap of $8.51 billion, a P/E ratio of 36.56, a P/E/G ratio of 1.02 and a beta of 1.90. The firm’s fifty day moving average is $53.06 and its two-hundred day moving average is $51.58. Birkenstock Holding plc has a 52-week low of $41.00 and a 52-week high of $64.78.

Birkenstock (NYSE:BIRK) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.19 earnings per share (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 the consensus estimate of $355.80 million. Birkenstock had a net margin of 11.73% and a return on equity of 9.52%. As a group, analysts anticipate that Birkenstock Holding plc will post 1.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BIRK. Piper Sandler began coverage on shares of Birkenstock in a report on Tuesday, December 10th. They issued an “overweight” rating and a $65.00 target price on the stock. Telsey Advisory Group restated an “outperform” rating and issued a $70.00 target price on shares of Birkenstock in a report on Thursday, February 20th. BMO Capital Markets lifted their price target on shares of Birkenstock from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Birkenstock from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Finally, Robert W. Baird lifted their price target 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. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $68.31.

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.