Police & Firemen s Retirement System of New Jersey Buys 5,484 Shares of Birkenstock Holding PLC $BIRK

Police & Firemen s Retirement System of New Jersey raised its position in shares of Birkenstock Holding PLC (NYSE:BIRK) by 38.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,884 shares of the company’s stock after acquiring an additional 5,484 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Birkenstock were worth $978,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. CWM LLC grew its holdings in shares of Birkenstock by 34.8% during the 1st quarter. CWM LLC now owns 3,133 shares of the company’s stock worth $144,000 after acquiring an additional 809 shares during the period. Machina Capital S.A.S. boosted its position in shares of Birkenstock by 73.6% during the first quarter. Machina Capital S.A.S. now owns 6,696 shares of the company’s stock valued at $307,000 after purchasing an additional 2,839 shares in the last quarter. Applied Finance Capital Management LLC purchased a new stake in Birkenstock in the first quarter worth $214,000. TD Asset Management Inc grew its stake in Birkenstock by 30.8% in the first quarter. TD Asset Management Inc now owns 412,572 shares of the company’s stock worth $18,916,000 after purchasing an additional 97,200 shares during the period. Finally, Federated Hermes Inc. raised its holdings in Birkenstock by 3.7% in the first quarter. Federated Hermes Inc. now owns 952,168 shares of the company’s stock worth $43,657,000 after purchasing an additional 33,613 shares in the last quarter. 19.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on BIRK. UBS Group set a $77.00 target price on shares of Birkenstock and gave the company a “buy” rating in a report on Tuesday, August 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Birkenstock in a research note on Wednesday. Telsey Advisory Group reissued an “outperform” rating and set a $70.00 price objective on shares of Birkenstock in a research note on Friday, September 26th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Birkenstock from $81.00 to $66.00 and set an “overweight” rating on the stock in a report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Birkenstock currently has an average rating of “Buy” and a consensus price target of $68.38.

Birkenstock Price Performance

BIRK opened at $40.98 on Friday. The firm has a market cap of $7.70 billion, a PE ratio of 22.77, a P/E/G ratio of 0.78 and a beta of 1.22. The stock has a 50-day moving average price of $42.66 and a 200-day moving average price of $48.29. Birkenstock Holding PLC has a 1 year low of $38.16 and a 1 year high of $62.66. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.78 and a quick ratio of 1.29.

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.