Arrowstreet Capital Limited Partnership Has $26.64 Million Stock Position in Birkenstock Holding plc (NYSE:BIRK)

Arrowstreet Capital Limited Partnership boosted its holdings in shares of Birkenstock Holding plc (NYSE:BIRK) by 9,658.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 470,182 shares of the company’s stock after buying an additional 465,364 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.25% of Birkenstock worth $26,641,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its holdings in shares of Birkenstock by 59.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,627 shares of the company’s stock worth $327,000 after acquiring an additional 2,473 shares during the last quarter. FMR LLC increased its holdings in shares of Birkenstock by 61.4% in the third quarter. FMR LLC now owns 2,128,689 shares of the company’s stock valued at $104,923,000 after purchasing an additional 809,784 shares during the last quarter. MetLife Investment Management LLC increased its holdings in shares of Birkenstock by 52.2% in the third 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Birkenstock during the 3rd quarter worth about $1,323,000. Finally, HighTower Advisors LLC boosted its holdings in shares of Birkenstock by 370.8% during the 3rd quarter. HighTower Advisors LLC now owns 26,165 shares of the company’s stock worth $1,289,000 after buying an additional 20,607 shares during the period. Institutional investors own 19.93% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on BIRK shares. UBS Group increased their price target on shares of Birkenstock from $83.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, December 19th. BMO Capital Markets increased their target price on Birkenstock from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. BTIG Research lifted their price target on Birkenstock from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Piper Sandler began coverage on Birkenstock in a research report on Tuesday, December 10th. They set an “overweight” rating and a $65.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Birkenstock from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Two 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $68.31.

Birkenstock Stock Performance

Shares of NYSE:BIRK opened at $47.13 on Thursday. Birkenstock Holding plc has a 1 year low of $41.00 and a 1 year high of $64.78. The stock has a market capitalization of $8.85 billion, a price-to-earnings ratio of 38.01, a price-to-earnings-growth ratio of 1.02 and a beta of 1.90. 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 company’s 50 day simple moving average is $51.21 and its 200 day simple moving average is $51.61.

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