R Squared Ltd Invests $143,000 in Birkenstock Holding plc (NYSE:BIRK)

R Squared Ltd purchased a new stake in shares of Birkenstock Holding plc (NYSE:BIRK) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,520 shares of the company’s stock, valued at approximately $143,000.

Several other hedge funds have also added to or reduced their stakes in the company. Oak Thistle LLC acquired a new position in Birkenstock during the 4th quarter valued at about $458,000. Geode Capital Management LLC raised its stake in shares of Birkenstock by 50.5% during the third quarter. Geode Capital Management LLC now owns 188,714 shares of the company’s stock worth $9,302,000 after buying an additional 63,289 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Birkenstock in the third quarter valued at approximately $1,536,000. Y Intercept Hong Kong Ltd grew its holdings in Birkenstock by 313.9% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 20,028 shares of the company’s stock worth $987,000 after acquiring an additional 15,189 shares during the period. Finally, State Street Corp raised its position in shares of Birkenstock by 49.4% during the 3rd quarter. State Street Corp now owns 402,899 shares of the company’s stock valued at $19,859,000 after acquiring an additional 133,212 shares during the last quarter. Institutional investors own 19.93% of the company’s stock.

Birkenstock Trading Up 0.8 %

NYSE BIRK opened at $61.30 on Thursday. The stock has a market capitalization of $11.51 billion, a price-to-earnings ratio of 56.76, a PEG ratio of 1.16 and a beta of 1.61. Birkenstock Holding plc has a 52 week low of $41.00 and a 52 week high of $64.78. The stock’s 50 day moving average price is $56.10 and its two-hundred day moving average price is $53.21. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.20 and a current ratio of 2.60.

Wall Street Analyst Weigh In

BIRK has been the subject of a number of analyst reports. Robert W. Baird lifted their price objective on Birkenstock from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. HSBC raised Birkenstock from a “hold” rating to a “buy” rating and upped their price target for the company from $58.00 to $60.00 in a research note on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft lifted their price objective 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. Hsbc Global Res raised shares of Birkenstock to a “strong-buy” rating in a research note on Tuesday, December 3rd. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $70.00 target price on shares of Birkenstock in a report on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $68.31.

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.