SG Americas Securities LLC Sells 3,890 Shares of Birkenstock Holding plc (NYSE:BIRK)

SG Americas Securities LLC reduced its position in Birkenstock Holding plc (NYSE:BIRK) by 41.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,538 shares of the company’s stock after selling 3,890 shares during the period. SG Americas Securities LLC’s holdings in Birkenstock were worth $314,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. HighTower Advisors LLC lifted its stake in shares of Birkenstock by 370.8% in the third quarter. HighTower Advisors LLC now owns 26,165 shares of the company’s stock valued at $1,289,000 after buying an additional 20,607 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Birkenstock in the 3rd quarter worth about $1,323,000. FMR LLC lifted its position in Birkenstock by 61.4% in the 3rd quarter. FMR LLC now owns 2,128,689 shares of the company’s stock valued at $104,923,000 after acquiring an additional 809,784 shares in the last quarter. State Street Corp boosted its stake in 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 purchasing an additional 133,212 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Birkenstock by 50.5% during the 3rd quarter. Geode Capital Management LLC now owns 188,714 shares of the company’s stock worth $9,302,000 after purchasing an additional 63,289 shares in the last quarter. Institutional investors and hedge funds own 19.93% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BIRK. Robert W. Baird lifted 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. BTIG Research raised their price objective on Birkenstock from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Hsbc Global Res upgraded shares of Birkenstock to a “strong-buy” rating in a research note on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Birkenstock from $65.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, HSBC raised shares of Birkenstock from a “hold” rating to a “buy” rating and upped their price objective for the stock from $58.00 to $60.00 in a research report on Tuesday, December 3rd. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $68.31.

Birkenstock Trading Up 1.6 %

Shares of Birkenstock stock opened at $56.60 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.20 and a current ratio of 2.60. The stock has a market capitalization of $10.63 billion, a P/E ratio of 52.41, a P/E/G ratio of 1.18 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 simple moving average is $56.86 and its 200 day simple moving average is $53.32.

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.