Interval Partners LP boosted its stake in Birkenstock Holding plc (NYSE:BIRK - Free Report) by 240.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 624,871 shares of the company's stock after acquiring an additional 441,419 shares during the period. Birkenstock accounts for 0.7% of Interval Partners LP's portfolio, making the stock its 28th largest position. Interval Partners LP owned approximately 0.33% of Birkenstock worth $33,999,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. BNP Paribas Financial Markets acquired a new stake in Birkenstock during the first quarter valued at approximately $702,000. Capital World Investors increased its stake in Birkenstock by 1.0% during the first quarter. Capital World Investors now owns 1,469,369 shares of the company's stock valued at $69,428,000 after purchasing an additional 14,089 shares during the last quarter. Blackstone Inc. bought a new position in shares of Birkenstock in the 4th quarter worth about $3,411,000. SG Americas Securities LLC acquired a new position in shares of Birkenstock in the 1st quarter valued at about $744,000. Finally, Ghisallo Capital Management LLC acquired a new stake in Birkenstock during the fourth quarter worth about $4,873,000. Institutional investors own 19.93% of the company's stock.
Several analysts recently issued reports on the company. BMO Capital Markets reissued an "outperform" rating and issued a $60.00 price target on shares of Birkenstock in a report on Friday, August 30th. UBS Group raised Birkenstock from a "neutral" rating to a "buy" rating and lifted their target price for the company from $52.00 to $85.00 in a research note on Monday, July 1st. BNP Paribas assumed coverage on Birkenstock in a report on Thursday, June 20th. They set an "outperform" rating and a $68.00 price target on the stock. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $70.00 price objective on shares of Birkenstock in a report on Thursday, August 29th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Birkenstock from $56.00 to $64.00 and gave the stock an "overweight" rating in a research report on Monday, June 3rd. Four equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat, Birkenstock currently has an average rating of "Moderate Buy" and a consensus price target of $62.23.
Check Out Our Latest Research Report on Birkenstock
BIRK stock opened at $47.83 on Monday. The stock has a market cap of $8.98 billion and a price-to-earnings ratio of 57.43. 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 Holding plc has a one year low of $35.83 and a one year high of $64.78. The company has a fifty day moving average price of $54.64 and a two-hundred day moving average price of $51.53.
Birkenstock (NYSE:BIRK - Get Free Report) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.49 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $628.70 million. Equities analysts anticipate that Birkenstock Holding plc will post 1.37 EPS for the current year.
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.
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