Marshall Wace LLP Raises Stock Position in Birkenstock Holding plc (NYSE:BIRK)

Marshall Wace LLP increased its position in Birkenstock Holding plc (NYSE:BIRK) by 260.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,100,692 shares of the company’s stock after acquiring an additional 795,382 shares during the period. Marshall Wace LLP owned approximately 0.59% of Birkenstock worth $62,365,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of BIRK. Signaturefd LLC lifted its holdings in shares of Birkenstock by 642.6% in the fourth quarter. Signaturefd LLC now owns 505 shares of the company’s stock valued at $29,000 after purchasing an additional 437 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Birkenstock in the fourth quarter worth $34,000. NewEdge Advisors LLC purchased a new stake in shares of Birkenstock in the fourth quarter valued at $45,000. Headlands Technologies LLC acquired a new stake in shares of Birkenstock during the fourth quarter valued at $76,000. Finally, JPMorgan Chase & Co. increased its position in Birkenstock by 112.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,338 shares of the company’s stock worth $76,000 after purchasing an additional 707 shares in the last quarter. 19.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on BIRK. Telsey Advisory Group reiterated an “outperform” rating and set a $70.00 price target on shares of Birkenstock in a report on Thursday, February 20th. Robert W. Baird lifted their price objective on Birkenstock from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Stifel Nicolaus decreased their price target on Birkenstock from $70.00 to $62.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Birkenstock from $65.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, Piper Sandler decreased their price target on shares of Birkenstock from $70.00 to $60.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Birkenstock presently has an average rating of “Moderate Buy” and a consensus price target of $67.50.

Birkenstock Stock Up 0.9 %

Shares of Birkenstock stock opened at $47.60 on Friday. Birkenstock Holding plc has a 1-year low of $40.56 and a 1-year high of $64.78. The company has a market capitalization of $8.94 billion, a PE ratio of 38.39, 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 current ratio of 2.84 and a quick ratio of 1.08. The business has a 50-day moving average of $48.01 and a 200-day moving average of $51.31.

Birkenstock (NYSE:BIRK) last announced its 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. Birkenstock had a return on equity of 9.52% and a net margin of 11.73%. The company had revenue of $385.88 million for the quarter, compared to analyst estimates of $355.80 million. As a group, equities analysts forecast that Birkenstock Holding plc will post 1.77 EPS for the current fiscal year.

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.