Birkenstock Holding plc (NYSE:BIRK) Short Interest Update

Birkenstock Holding plc (NYSE:BIRK) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 4,130,000 shares, a growth of 6.2% from the December 31st total of 3,890,000 shares. Based on an average trading volume of 1,220,000 shares, the short-interest ratio is presently 3.4 days. Approximately 10.4% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BIRK. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Birkenstock from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Piper Sandler assumed coverage on Birkenstock in a research report on Tuesday, December 10th. They issued an “overweight” rating and a $65.00 price target on the stock. UBS Group lifted their price objective on Birkenstock from $83.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. HSBC upgraded Birkenstock from a “hold” rating to a “buy” rating and increased their target price for the company from $58.00 to $60.00 in a research note on Tuesday, December 3rd. Finally, BMO Capital Markets upped their price target on Birkenstock from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Birkenstock has a consensus rating of “Moderate Buy” and an average target price of $68.31.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Quarry LP bought a new position in shares of Birkenstock during the third quarter worth about $25,000. MetLife Investment Management LLC boosted its position in Birkenstock by 52.2% during the 3rd quarter. MetLife Investment Management LLC now owns 688 shares of the company’s stock worth $34,000 after acquiring an additional 236 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Birkenstock by 33.7% during the 3rd quarter. GAMMA Investing LLC now owns 893 shares of the company’s stock worth $44,000 after acquiring an additional 225 shares in the last quarter. Amalgamated Bank raised its holdings in shares of Birkenstock by 51.8% in the third quarter. Amalgamated Bank now owns 2,071 shares of the company’s stock valued at $102,000 after purchasing an additional 707 shares during the last quarter. Finally, R Squared Ltd bought a new stake in shares of Birkenstock in the fourth quarter worth $143,000. Institutional investors own 19.93% of the company’s stock.

Birkenstock Stock Down 4.7 %

Shares of Birkenstock stock opened at $59.25 on Monday. Birkenstock has a 1 year low of $41.00 and a 1 year high of $64.78. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.60 and a quick ratio of 1.20. The company has a market capitalization of $11.13 billion, a P/E ratio of 54.86, a price-to-earnings-growth ratio of 1.22 and a beta of 1.61. The business has a 50-day moving average of $56.63 and a two-hundred day moving average of $53.29.

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.