BNP Paribas Financial Markets Has $9.53 Million Stake in Birkenstock Holding plc (NYSE:BIRK)

BNP Paribas Financial Markets grew its holdings in Birkenstock Holding plc (NYSE:BIRK) by 299.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 193,268 shares of the company’s stock after purchasing an additional 144,863 shares during the quarter. BNP Paribas Financial Markets’ holdings in Birkenstock were worth $9,526,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in BIRK. GAMMA Investing LLC grew its holdings in Birkenstock by 377.1% in the 2nd quarter. GAMMA Investing LLC now owns 668 shares of the company’s stock valued at $36,000 after buying an additional 528 shares during the last quarter. Amalgamated Bank grew its stake in shares of Birkenstock by 51.8% in the third quarter. Amalgamated Bank now owns 2,071 shares of the company’s stock worth $102,000 after acquiring an additional 707 shares during the last quarter. Acadian Asset Management LLC bought a new position in Birkenstock during the second quarter worth $136,000. MSA Advisors LLC acquired a new position in Birkenstock during the 2nd quarter valued at $223,000. 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 valued at $327,000 after purchasing an additional 2,473 shares during the period. 19.93% of the stock is currently owned by institutional investors.

Birkenstock Trading Down 0.4 %

Shares of NYSE BIRK opened at $51.46 on Tuesday. Birkenstock Holding plc has a 1-year low of $41.00 and a 1-year high of $64.78. The company has a 50-day moving average of $48.42 and a two-hundred day moving average of $52.63. The company has a market cap of $9.67 billion and a PE ratio of 84.69. The company has a current ratio of 2.91, a quick ratio of 1.49 and a debt-to-equity ratio of 0.55.

Wall Street Analyst Weigh In

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

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.