State Street Corp Has $19.86 Million Stock Holdings in Birkenstock Holding plc (NYSE:BIRK)

State Street Corp lifted its position in shares of Birkenstock Holding plc (NYSE:BIRK) by 49.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 402,899 shares of the company’s stock after buying an additional 133,212 shares during the quarter. State Street Corp owned about 0.21% of Birkenstock worth $19,859,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Stifel Financial Corp bought a new position in Birkenstock during the third quarter worth about $1,315,000. Quarry LP acquired a new stake in shares of Birkenstock in the third quarter valued at approximately $25,000. Point72 DIFC Ltd bought a new stake in shares of Birkenstock in the third quarter valued at approximately $299,000. Polymer Capital Management HK LTD acquired a new stake in Birkenstock during the third quarter worth approximately $425,000. Finally, Jacobs Levy Equity Management Inc. bought a new position in Birkenstock during the 3rd quarter worth $694,000. Institutional investors own 19.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on BIRK shares. Robert W. Baird upped their target price on Birkenstock from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Birkenstock from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Evercore ISI restated an “outperform” rating and set a $77.00 price objective (up from $63.00) on shares of Birkenstock in a research report on Monday, August 26th. BTIG Research upped their target price on Birkenstock from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, UBS Group lifted their price target on Birkenstock from $83.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $68.31.

Birkenstock Price Performance

Shares of NYSE:BIRK opened at $59.93 on Tuesday. The firm has a market cap of $11.26 billion, a PE ratio of 98.25, a price-to-earnings-growth ratio of 1.19 and a beta of 2.22. Birkenstock Holding plc has a 52 week low of $41.00 and a 52 week high of $64.78. The firm’s fifty day moving average is $50.18 and its 200-day moving average is $53.02. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.49 and a current ratio of 2.91.

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.