Scientech Research LLC Invests $774,000 in Birkenstock Holding plc (NYSE:BIRK)

Scientech Research LLC acquired a new stake in shares of Birkenstock Holding plc (NYSE:BIRK) in the second quarter, HoldingsChannel.com reports. The firm acquired 14,233 shares of the company’s stock, valued at approximately $774,000.

A number of other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in Birkenstock by 377.1% in the second quarter. GAMMA Investing LLC now owns 668 shares of the company’s stock worth $36,000 after acquiring an additional 528 shares during the period. Banque Cantonale Vaudoise purchased a new stake in shares of Birkenstock in the 1st quarter worth $40,000. CWM LLC raised its holdings in Birkenstock by 358.2% in the 1st quarter. CWM LLC now owns 2,181 shares of the company’s stock worth $103,000 after purchasing an additional 1,705 shares during the period. Acadian Asset Management LLC purchased a new position in Birkenstock during the second quarter valued at $136,000. Finally, MSA Advisors LLC bought a new stake in Birkenstock during the second quarter valued at about $223,000. Institutional investors own 19.93% of the company’s stock.

Birkenstock Stock Performance

NYSE:BIRK opened at $49.25 on Friday. The company has a market cap of $9.25 billion and a price-to-earnings ratio of 56.94. Birkenstock Holding plc has a 1 year low of $35.83 and a 1 year high of $64.78. The stock’s 50 day simple moving average is $54.16 and its two-hundred day simple moving average is $51.57. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.91 and a quick ratio of 1.49.

Birkenstock (NYSE:BIRK) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.07). Birkenstock had a return on equity of 5.79% and a net margin of 6.26%. The business had revenue of $564.76 million during the quarter, compared to the consensus estimate of $628.70 million. As a group, equities analysts anticipate that Birkenstock Holding plc will post 1.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $70.00 price objective on shares of Birkenstock in a research report on Thursday, June 13th. BMO Capital Markets reaffirmed an “outperform” rating and set a $60.00 price target on shares of Birkenstock in a report on Friday, August 30th. The Goldman Sachs Group cut shares of Birkenstock from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $54.20 to $58.00 in a research note on Wednesday, June 12th. Bank of America upgraded shares of Birkenstock from a “neutral” rating to a “buy” rating and lifted their target price for the company from $62.00 to $65.00 in a research note on Thursday, July 25th. Finally, Morgan Stanley increased their price target on Birkenstock from $44.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 25th. Four analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Birkenstock has an average rating of “Moderate Buy” and an average price target of $62.23.

About Birkenstock

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.