Capital International Sarl Boosts Stake in Birkenstock Holding plc (NYSE:BIRK)

Capital International Sarl increased its stake in Birkenstock Holding plc (NYSE:BIRK) by 13.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,068 shares of the company’s stock after acquiring an additional 6,059 shares during the period. Capital International Sarl’s holdings in Birkenstock were worth $2,837,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC boosted 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 in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Birkenstock in the fourth quarter worth approximately $34,000. NewEdge Advisors LLC bought a new position in Birkenstock during the fourth quarter valued at approximately $45,000. Headlands Technologies LLC purchased a new position in shares of Birkenstock during the fourth quarter worth approximately $76,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Birkenstock by 112.0% in the 4th quarter. JPMorgan Chase & Co. now owns 1,338 shares of the company’s stock worth $76,000 after acquiring an additional 707 shares during the last quarter. Institutional investors own 19.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Stifel Nicolaus decreased their target price on shares of Birkenstock from $70.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Telsey Advisory Group reissued an “outperform” rating and issued a $70.00 target price on shares of Birkenstock in a research note on Thursday, February 20th. Finally, Piper Sandler reduced their price target on Birkenstock from $70.00 to $60.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Birkenstock presently has an average rating of “Moderate Buy” and a consensus price target of $67.50.

Birkenstock Trading Up 0.9 %

NYSE:BIRK opened at $47.60 on Friday. The company has a 50-day moving average price of $47.86 and a 200-day moving average price of $51.31. The stock has a market cap of $8.94 billion, a price-to-earnings ratio of 38.39, a P/E/G ratio of 1.02 and a beta of 1.71. The company has a current ratio of 2.84, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. Birkenstock Holding plc has a 12 month low of $40.56 and a 12 month high of $64.78.

Birkenstock (NYSE:BIRK) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. Birkenstock had a net margin of 11.73% and a return on equity of 9.52%. The business had revenue of $385.88 million during the quarter, compared to analyst estimates of $355.80 million. Equities analysts predict that Birkenstock Holding plc will post 1.77 EPS for the current year.

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.