HighTower Advisors LLC Has $1.69 Million Stock Holdings in Birkenstock Holding plc (NYSE:BIRK)

HighTower Advisors LLC grew its position in shares of Birkenstock Holding plc (NYSE:BIRK) by 13.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,785 shares of the company’s stock after purchasing an additional 3,620 shares during the quarter. HighTower Advisors LLC’s holdings in Birkenstock were worth $1,688,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BIRK. FMR LLC boosted its stake in shares of Birkenstock by 61.4% during 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 in the last quarter. AGF Management Ltd. acquired a new stake in shares of Birkenstock during the fourth quarter valued at about $37,153,000. Principal Financial Group Inc. boosted its stake in shares of Birkenstock by 581.8% during the fourth quarter. Principal Financial Group Inc. now owns 542,798 shares of the company’s stock valued at $30,755,000 after purchasing an additional 463,191 shares in the last quarter. Verition Fund Management LLC raised its position in shares of Birkenstock by 201.0% during the third quarter. Verition Fund Management LLC now owns 345,852 shares of the company’s stock worth $17,047,000 after acquiring an additional 230,947 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Birkenstock by 299.3% during the third quarter. BNP Paribas Financial Markets now owns 193,268 shares of the company’s stock worth $9,526,000 after acquiring an additional 144,863 shares during the last quarter. 19.93% of the stock is owned by institutional investors and hedge funds.

Birkenstock Trading Up 0.4 %

Shares of Birkenstock stock opened at $45.33 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 2.84. Birkenstock Holding plc has a 52 week low of $41.00 and a 52 week high of $64.78. The stock has a 50 day moving average price of $53.06 and a two-hundred day moving average price of $51.58. The stock has a market capitalization of $8.51 billion, a PE ratio of 36.56, a price-to-earnings-growth ratio of 1.02 and a beta of 1.90.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Birkenstock from $65.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. BMO Capital Markets raised 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. Robert W. Baird raised their price objective on Birkenstock from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. BTIG Research raised their price objective on Birkenstock from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. 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 for the company. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.31.

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.