Rhumbline Advisers Has $1.71 Million Stock Holdings in Birkenstock Holding plc (NYSE:BIRK)

Rhumbline Advisers lowered its stake in Birkenstock Holding plc (NYSE:BIRK) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,181 shares of the company’s stock after selling 538 shares during the period. Rhumbline Advisers’ holdings in Birkenstock were worth $1,710,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. MetLife Investment Management LLC boosted its holdings in shares of Birkenstock by 52.2% during the 3rd quarter. MetLife Investment Management LLC now owns 688 shares of the company’s stock valued at $34,000 after acquiring an additional 236 shares in the last quarter. Quarry LP bought a new position in Birkenstock in the third quarter valued at about $25,000. Amalgamated Bank boosted its stake in shares of Birkenstock by 51.8% during the third quarter. Amalgamated Bank now owns 2,071 shares of the company’s stock valued at $102,000 after purchasing an additional 707 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Birkenstock by 58.8% during the third quarter. Venturi Wealth Management LLC now owns 6,670 shares of the company’s stock worth $329,000 after purchasing an additional 2,470 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Birkenstock by 59.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,627 shares of the company’s stock valued at $327,000 after buying an additional 2,473 shares during the period. Institutional investors own 19.93% of the company’s stock.

Birkenstock Price Performance

Birkenstock stock opened at $47.04 on Wednesday. The stock’s 50 day moving average price is $56.60 and its two-hundred day moving average price is $52.81. The stock has a market capitalization of $8.84 billion, a price-to-earnings ratio of 37.94, a PEG ratio of 1.02 and a beta of 1.61. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 2.84. Birkenstock Holding plc has a 52-week low of $41.00 and a 52-week high of $64.78.

Birkenstock (NYSE:BIRK) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. Birkenstock had a net margin of 11.73% and a return on equity of 9.52%. The business had revenue of $385.88 million during the quarter, compared to analysts’ expectations of $355.80 million. On average, equities analysts predict that Birkenstock Holding plc will post 1.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on BIRK shares. Robert W. Baird lifted their target price on shares of Birkenstock from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. BMO Capital Markets lifted their price target on shares of Birkenstock from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. UBS Group increased their price objective on Birkenstock from $83.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft raised their target price on Birkenstock from $65.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $70.00 price target on shares of Birkenstock in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Birkenstock 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.