OPTIMAS CAPITAL Ltd Buys New Position in Birkenstock Holding plc (NYSE:BIRK)

OPTIMAS CAPITAL Ltd bought a new stake in Birkenstock Holding plc (NYSE:BIRK) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 37,500 shares of the company’s stock, valued at approximately $2,125,000. Birkenstock accounts for about 2.9% of OPTIMAS CAPITAL Ltd’s investment portfolio, making the stock its 17th biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Signaturefd LLC increased its stake in Birkenstock by 642.6% in the 4th quarter. Signaturefd LLC now owns 505 shares of the company’s stock valued at $29,000 after purchasing an additional 437 shares in the last quarter. Natixis Advisors LLC purchased a new position in shares of Birkenstock in the 4th quarter worth $577,000. Tredje AP fonden raised its position in shares of Birkenstock by 106.7% in the 4th quarter. Tredje AP fonden now owns 310,000 shares of the company’s stock worth $17,565,000 after buying an additional 160,000 shares during the period. HighTower Advisors LLC raised its position in shares of Birkenstock by 13.8% in the 4th quarter. HighTower Advisors LLC now owns 29,785 shares of the company’s stock worth $1,688,000 after buying an additional 3,620 shares during the period. Finally, Wealth High Governance Capital Ltda raised its position in Birkenstock by 65.8% in the fourth quarter. Wealth High Governance Capital Ltda now owns 248,741 shares of the company’s stock valued at $14,094,000 after purchasing an additional 98,741 shares during the period. 19.93% of the stock is owned by hedge funds and other institutional investors.

Birkenstock Trading Up 1.4 %

BIRK opened at $44.25 on Tuesday. Birkenstock Holding plc has a twelve month low of $41.00 and a twelve month high of $64.78. The company has a quick ratio of 1.08, a current ratio of 2.84 and a debt-to-equity ratio of 0.48. The company has a fifty day moving average of $54.05 and a 200-day moving average of $51.71. The stock has a market cap of $8.31 billion, a PE ratio of 35.69, a price-to-earnings-growth ratio of 1.02 and a beta of 1.90.

Birkenstock (NYSE:BIRK) last issued its earnings results on Thursday, February 20th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.03. Birkenstock had a net margin of 11.73% and a return on equity of 9.52%. The business had revenue of $385.88 million for the quarter, compared to analyst estimates of $355.80 million. On average, sell-side analysts predict that Birkenstock Holding plc will post 1.77 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on BIRK shares. Piper Sandler initiated coverage on Birkenstock in a research report on Tuesday, December 10th. They set an “overweight” rating and a $65.00 target price on the stock. HSBC upgraded Birkenstock from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $58.00 to $60.00 in a research report on Tuesday, December 3rd. BMO Capital Markets boosted 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. UBS Group boosted their target price on Birkenstock from $83.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, BTIG Research upped their price target on Birkenstock from $60.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.31.

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.