Bank Julius Baer & Co. Ltd Zurich Takes Position in Birkenstock Holding plc (NYSE:BIRK)

Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Birkenstock Holding plc (NYSE:BIRK) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 548 shares of the company’s stock, valued at approximately $34,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Machina Capital S.A.S. bought a new position in Birkenstock in the fourth quarter valued at $219,000. Raymond James Financial Inc. bought a new position in shares of Birkenstock in the 4th quarter valued at about $283,000. Oppenheimer & Co. Inc. acquired a new stake in shares of Birkenstock in the fourth quarter valued at about $606,000. Bank of New York Mellon Corp raised its holdings in Birkenstock by 39.8% during the fourth quarter. Bank of New York Mellon Corp now owns 129,808 shares of the company’s stock worth $7,355,000 after acquiring an additional 36,987 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its position in Birkenstock by 12.3% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 22,492 shares of the company’s stock valued at $1,274,000 after purchasing an additional 2,464 shares during the last quarter. Institutional investors and hedge funds own 19.93% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BIRK. Hsbc Global Res upgraded Birkenstock to a “strong-buy” rating in a research note on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Birkenstock from $65.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Piper Sandler initiated coverage on shares of Birkenstock in a research report on Tuesday, December 10th. They issued an “overweight” rating and a $65.00 price objective for the company. UBS Group upped their target price on shares of Birkenstock from $83.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $70.00 price target on shares of Birkenstock in a report on Thursday, February 20th. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $68.31.

Birkenstock Trading Up 3.3 %

Shares of Birkenstock stock opened at $44.94 on Wednesday. Birkenstock Holding plc has a 52-week low of $41.00 and a 52-week high of $64.78. The stock has a market cap of $8.44 billion, a PE ratio of 36.24, a PEG ratio of 1.02 and a beta of 1.90. The firm has a 50-day moving average of $55.03 and a 200-day moving average of $52.11. 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 (NYSE:BIRK) last announced its earnings results on Thursday, February 20th. The company reported $0.19 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $385.88 million for the quarter, compared to analyst estimates of $355.80 million. As a group, sell-side analysts forecast that Birkenstock Holding plc will post 1.77 EPS for the current year.

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.