XTX Topco Ltd Invests $700,000 in Birkenstock Holding plc (NYSE:BIRK)

XTX Topco Ltd bought a new stake in shares of Birkenstock Holding plc (NYSE:BIRK) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,346 shares of the company’s stock, valued at approximately $700,000.

Other hedge funds have also bought and sold shares of the company. Signaturefd LLC grew its stake in shares of Birkenstock by 642.6% during the 4th quarter. Signaturefd LLC now owns 505 shares of the company’s stock valued at $29,000 after acquiring an additional 437 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Birkenstock in the fourth quarter worth $34,000. Headlands Technologies LLC bought a new stake in shares of Birkenstock during the 4th quarter valued at $76,000. JPMorgan Chase & Co. lifted its stake in shares of Birkenstock by 112.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,338 shares of the company’s stock valued at $76,000 after buying an additional 707 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its holdings in Birkenstock by 49.7% in the 4th quarter. Sterling Capital Management LLC now owns 2,354 shares of the company’s stock worth $133,000 after buying an additional 782 shares during the period. Institutional investors own 19.93% of the company’s stock.

Birkenstock Trading Up 0.9 %

BIRK stock opened at $47.60 on Friday. Birkenstock Holding plc has a twelve month low of $40.56 and a twelve month high of $64.78. The stock has a market capitalization of $8.94 billion, a price-to-earnings ratio of 38.39, a price-to-earnings-growth ratio of 1.02 and a beta of 1.71. 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 firm’s fifty day simple moving average is $48.01 and its two-hundred day simple moving average is $51.31.

Birkenstock (NYSE:BIRK) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. Birkenstock had a net margin of 11.73% and a return on equity of 9.52%. The company had revenue of $385.88 million for the quarter, compared to analyst estimates of $355.80 million. As a group, analysts anticipate that Birkenstock Holding plc will post 1.77 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. UBS Group boosted their price objective on Birkenstock from $83.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $70.00 price objective on shares of Birkenstock in a report on Thursday, February 20th. Robert W. Baird upped their target price on shares of Birkenstock from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Stifel Nicolaus reduced their price target on shares of Birkenstock from $70.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Birkenstock from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $67.50.

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.