Y Intercept Hong Kong Ltd Grows Stock Position in Birkenstock Holding plc (NYSE:BIRK)

by · The Cerbat Gem

Y Intercept Hong Kong Ltd increased its holdings in shares of Birkenstock Holding plc (NYSE:BIRK – Free Report) by 12.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,492 shares of the company’s stock after acquiring an additional 2,464 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Birkenstock were worth $1,274,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. MetLife Investment Management LLC grew its position in shares of Birkenstock by 52.2% during the 3rd quarter. MetLife Investment Management LLC now owns 688 shares of the company’s stock valued at $34,000 after acquiring an additional 236 shares during the period. Quarry LP acquired a new stake in Birkenstock in the 3rd quarter worth about $25,000. Venturi Wealth Management LLC boosted its holdings in Birkenstock by 9.3% in the 4th quarter. Venturi Wealth Management LLC now owns 7,292 shares of the company’s stock worth $413,000 after buying an additional 622 shares during the last quarter. Amalgamated Bank boosted its holdings in Birkenstock by 51.8% in the 3rd quarter. Amalgamated Bank now owns 2,071 shares of the company’s stock worth $102,000 after buying an additional 707 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Birkenstock by 59.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,627 shares of the company’s stock worth $327,000 after buying an additional 2,473 shares during the last quarter. 19.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BIRK shares. HSBC upgraded Birkenstock from a “hold” rating to a “buy” rating and boosted their target price for the stock from $58.00 to $60.00 in a report on Tuesday, December 3rd. UBS Group upped their price objective on Birkenstock from $83.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Hsbc Global Res raised Birkenstock to a “strong-buy” rating in a research report on Tuesday, December 3rd. BMO Capital Markets upped their price objective on Birkenstock from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Finally, 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. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Birkenstock presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.31.

Get Our Latest Stock Analysis on Birkenstock

Birkenstock Trading Down 0.1 %

Shares of Birkenstock stock opened at $50.79 on Thursday. Birkenstock Holding plc has a 12-month low of $41.00 and a 12-month high of $64.78. The company has a current ratio of 2.84, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. The stock has a market cap of $9.54 billion, a PE ratio of 40.96, a price-to-earnings-growth ratio of 1.02 and a beta of 1.61. The company has a 50-day moving average of $57.22 and a two-hundred day moving average of $53.10.

Birkenstock (NYSE:BIRK – Get Free Report) last issued 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 net margin of 11.73% and a return on equity of 9.52%. The company had revenue of $385.88 million during the quarter, compared to analysts’ expectations of $355.80 million. On average, research analysts anticipate that Birkenstock Holding plc will post 1.77 EPS for the current fiscal year.

Birkenstock Profile

(Free Report)

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.

See Also

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