SG Americas Securities LLC Has $465,000 Stock Holdings in Birkenstock Holding plc (NYSE:BIRK)

SG Americas Securities LLC lessened its holdings in shares of Birkenstock Holding plc (NYSE:BIRK) by 88.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 9,428 shares of the company’s stock after selling 75,569 shares during the period. SG Americas Securities LLC’s holdings in Birkenstock were worth $465,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in shares of Birkenstock by 377.1% in the 2nd quarter. GAMMA Investing LLC now owns 668 shares of the company’s stock valued at $36,000 after buying an additional 528 shares during the period. Banque Cantonale Vaudoise acquired a new position in shares of Birkenstock in the 1st quarter valued at $40,000. CWM LLC grew its holdings in shares of Birkenstock by 358.2% in the 1st quarter. CWM LLC now owns 2,181 shares of the company’s stock valued at $103,000 after buying an additional 1,705 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Birkenstock in the 2nd quarter valued at $136,000. Finally, MSA Advisors LLC acquired a new position in shares of Birkenstock in the 2nd quarter valued at $223,000. Institutional investors and hedge funds own 19.93% of the company’s stock.

Analyst Upgrades and Downgrades

BIRK has been the subject of several research analyst reports. Telsey Advisory Group reissued an “outperform” rating and issued a $70.00 price target on shares of Birkenstock in a report on Tuesday, September 24th. Citigroup assumed coverage on shares of Birkenstock in a research report on Monday, July 1st. They issued a “buy” rating and a $65.00 price objective on the stock. Morgan Stanley boosted their price objective on shares of Birkenstock from $44.00 to $58.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 25th. BTIG Research assumed coverage on shares of Birkenstock in a research report on Thursday, October 10th. They issued a “buy” rating and a $60.00 price objective on the stock. Finally, Bank of America raised shares of Birkenstock from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $62.00 to $65.00 in a research report on Thursday, July 25th. Four analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $62.11.

Birkenstock Stock Down 0.2 %

Shares of BIRK stock opened at $50.36 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.49 and a current ratio of 2.91. The firm’s 50-day moving average is $52.20 and its 200-day moving average is $51.80. The stock has a market cap of $9.46 billion and a price-to-earnings ratio of 82.56. Birkenstock Holding plc has a 52-week low of $36.50 and a 52-week high of $64.78.

Birkenstock (NYSE:BIRK) last issued its earnings results on Thursday, August 29th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.07). The firm had revenue of $564.76 million during the quarter, compared to the consensus estimate of $628.70 million. Birkenstock had a net margin of 6.26% and a return on equity of 5.79%. Sell-side analysts predict that Birkenstock Holding plc will post 1.39 EPS for the current year.

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.