Capital International Sarl Has $1.74 Million Stock Position in Birkenstock Holding plc (NYSE:BIRK)

Capital International Sarl lowered its stake in Birkenstock Holding plc (NYSE:BIRK) by 3.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,906 shares of the company’s stock after selling 1,351 shares during the quarter. Capital International Sarl’s holdings in Birkenstock were worth $1,744,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BIRK. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Birkenstock during the fourth quarter worth approximately $458,539,000. Norges Bank acquired a new position in Birkenstock during the fourth quarter worth approximately $177,068,000. Capital World Investors acquired a new position in Birkenstock during the fourth quarter worth approximately $70,916,000. Federated Hermes Inc. acquired a new position in Birkenstock during the fourth quarter worth approximately $27,152,000. Finally, Ghisallo Capital Management LLC acquired a new position in Birkenstock during the fourth quarter worth approximately $4,873,000. Institutional investors and hedge funds own 19.93% of the company’s stock.

Birkenstock Stock Up 3.0 %

NYSE BIRK traded up $1.69 during trading hours on Friday, hitting $57.21. The company’s stock had a trading volume of 754,115 shares, compared to its average volume of 881,095. Birkenstock Holding plc has a 52 week low of $35.83 and a 52 week high of $61.83. The company’s 50-day simple moving average is $55.57 and its two-hundred day simple moving average is $49.75. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.87 and a quick ratio of 1.13.

Birkenstock (NYSE:BIRK) last posted its earnings results on Thursday, May 30th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.35 by $0.09. The firm had revenue of $522.51 million for the quarter, compared to the consensus estimate of $499.98 million. Equities analysts expect that Birkenstock Holding plc will post 1.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. UBS Group raised Birkenstock from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $52.00 to $85.00 in a research report on Monday, July 1st. BMO Capital Markets upped their target price on Birkenstock from $54.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. BNP Paribas initiated coverage on Birkenstock in a research note on Thursday, June 20th. They issued an “outperform” rating and a $68.00 price target for the company. Citigroup began coverage on Birkenstock in a research note on Monday, July 1st. They issued a “buy” rating and a $65.00 price target for the company. Finally, Stifel Nicolaus upped their target price on Birkenstock from $54.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. Four 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.com, Birkenstock has a consensus rating of “Moderate Buy” and a consensus target price of $60.29.

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.