Victory Capital Management Inc. Lowers Holdings in Birkenstock Holding plc (NYSE:BIRK)

Victory Capital Management Inc. decreased its holdings in Birkenstock Holding plc (NYSE:BIRK) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 382,315 shares of the company’s stock after selling 6,045 shares during the period. Victory Capital Management Inc. owned 0.20% of Birkenstock worth $21,662,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bamco Inc. NY boosted its stake in Birkenstock by 2.6% in the 3rd quarter. Bamco Inc. NY now owns 3,102,507 shares of the company’s stock worth $152,923,000 after purchasing an additional 78,093 shares during the period. FMR LLC lifted its holdings in shares of Birkenstock by 61.4% in the third quarter. FMR LLC now owns 2,128,689 shares of the company’s stock worth $104,923,000 after buying an additional 809,784 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Birkenstock by 581.8% during the fourth quarter. Principal Financial Group Inc. now owns 542,798 shares of the company’s stock worth $30,755,000 after acquiring an additional 463,191 shares during the last quarter. Holocene Advisors LP boosted its position in shares of Birkenstock by 34.4% during the third quarter. Holocene Advisors LP now owns 501,806 shares of the company’s stock worth $24,734,000 after acquiring an additional 128,552 shares during the last quarter. Finally, State Street Corp grew its stake in Birkenstock by 49.4% during the third 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 in the last quarter. Hedge funds and other institutional investors own 19.93% of the company’s stock.

Birkenstock Trading Up 3.3 %

Shares of BIRK opened at $44.94 on Wednesday. Birkenstock Holding plc has a twelve month low of $41.00 and a twelve month high of $64.78. The company has a current ratio of 2.84, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. The company’s fifty day simple moving average is $55.03 and its 200-day simple moving average is $52.11. The company has a market cap of $8.44 billion, a P/E ratio of 36.24, a P/E/G ratio of 1.02 and a beta of 1.90.

Birkenstock (NYSE:BIRK) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.19 earnings per share 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 company had revenue of $385.88 million for the quarter, compared to analyst estimates of $355.80 million. As a group, analysts expect that Birkenstock Holding plc will post 1.77 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on BIRK. Robert W. Baird boosted their price target on shares of Birkenstock from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. BTIG Research boosted their target price on Birkenstock from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Hsbc Global Res raised Birkenstock to a “strong-buy” rating in a research note on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft lifted their price objective on Birkenstock from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Finally, HSBC upgraded Birkenstock from a “hold” rating to a “buy” rating and increased their target price for the company from $58.00 to $60.00 in a research report on Tuesday, December 3rd. Two research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $68.31.

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.