4,100 Shares in Birkenstock Holding plc (NYSE:BIRK) Purchased by MSA Advisors LLC

MSA Advisors LLC acquired a new position in Birkenstock Holding plc (NYSE:BIRK) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,100 shares of the company’s stock, valued at approximately $223,000. Birkenstock makes up 0.1% of MSA Advisors LLC’s portfolio, making the stock its 25th largest position.

Other hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new stake in Birkenstock in the 1st quarter worth about $702,000. Capital World Investors raised its stake in shares of Birkenstock by 1.0% during the 1st quarter. Capital World Investors now owns 1,469,369 shares of the company’s stock worth $69,428,000 after purchasing an additional 14,089 shares in the last quarter. Blackstone Inc. purchased a new stake in shares of Birkenstock during the 4th quarter worth about $3,411,000. SG Americas Securities LLC purchased a new stake in shares of Birkenstock during the 1st quarter worth about $744,000. Finally, Ghisallo Capital Management LLC purchased a new stake in shares of Birkenstock during the 4th quarter worth about $4,873,000. 19.93% of the stock is owned by hedge funds and other institutional investors.

Birkenstock Price Performance

Birkenstock stock opened at $48.24 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.49 and a current ratio of 2.91. The firm has a market cap of $9.06 billion and a P/E ratio of 55.27. The business’s fifty day moving average is $55.23 and its two-hundred day moving average is $51.55. Birkenstock Holding plc has a 52 week low of $35.83 and a 52 week high of $64.78.

Birkenstock (NYSE:BIRK) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.07). The business had revenue of $564.76 million during the quarter, compared to analyst estimates of $628.70 million. Birkenstock had a return on equity of 5.79% and a net margin of 6.26%. Equities research analysts forecast that Birkenstock Holding plc will post 1.37 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BIRK has been the subject of a number of recent research reports. Evercore ISI reaffirmed an “outperform” rating and set a $77.00 price target (up from $63.00) on shares of Birkenstock in a research note on Monday, August 26th. Telsey Advisory Group reissued an “outperform” rating and issued a $70.00 price objective on shares of Birkenstock in a research note on Thursday, August 29th. JPMorgan Chase & Co. raised their price objective on Birkenstock from $56.00 to $64.00 and gave the company an “overweight” rating in a research note on Monday, June 3rd. UBS Group raised Birkenstock from a “neutral” rating to a “buy” rating and raised their target price for the company from $52.00 to $85.00 in a report on Monday, July 1st. Finally, Stifel Nicolaus raised their target price on Birkenstock from $63.00 to $70.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Four research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.