21,265 Shares in Birkenstock Holding plc (NYSE:BIRK) Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new position in shares of Birkenstock Holding plc (NYSE:BIRK) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 21,265 shares of the company’s stock, valued at approximately $1,048,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Federated Hermes Inc. raised its holdings in Birkenstock by 42.0% in the second quarter. Federated Hermes Inc. now owns 1,071,235 shares of the company’s stock worth $58,286,000 after buying an additional 316,935 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Birkenstock by 128.8% in the 2nd quarter. Renaissance Technologies LLC now owns 124,000 shares of the company’s stock worth $6,747,000 after acquiring an additional 69,800 shares during the last quarter. Element Capital Management LLC bought a new position in Birkenstock in the 2nd quarter valued at approximately $6,325,000. Bradley Foster & Sargent Inc. CT purchased a new stake in Birkenstock during the 2nd quarter valued at $849,000. Finally, Lazard Asset Management LLC bought a new stake in shares of Birkenstock in the 1st quarter worth $571,000. Hedge funds and other institutional investors own 19.93% of the company’s stock.

Birkenstock Stock Down 1.5 %

NYSE BIRK opened at $50.07 on Wednesday. The stock’s 50-day moving average price is $48.21 and its 200-day moving average price is $52.53. The company has a market capitalization of $9.40 billion and a P/E ratio of 82.67. The company has a quick ratio of 1.49, a current ratio of 2.91 and a debt-to-equity ratio of 0.55. Birkenstock Holding plc has a 52 week low of $41.00 and a 52 week high of $64.78.

Birkenstock (NYSE:BIRK) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.07). The firm had revenue of $564.76 million during the quarter, compared to the consensus estimate of $628.70 million. Birkenstock had a return on equity of 5.79% and a net margin of 6.26%. On average, equities research analysts predict that Birkenstock Holding plc will post 1.37 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Telsey Advisory Group reaffirmed an “outperform” rating and set a $70.00 price target on shares of Birkenstock in a report on Tuesday, September 24th. Evercore ISI reaffirmed an “outperform” rating and set a $77.00 price target (up previously from $63.00) on shares of Birkenstock in a report on Monday, August 26th. BTIG Research set a $60.00 price objective on shares of Birkenstock and gave the company a “buy” rating in a report on Friday, October 18th. BMO Capital Markets restated an “outperform” rating and issued a $60.00 target price on shares of Birkenstock in a report on Friday, August 30th. Finally, Stifel Nicolaus lifted their target price on shares of Birkenstock from $63.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Birkenstock has a consensus rating of “Moderate Buy” and an average target price of $66.40.

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.