26,685 Shares in Birkenstock Holding plc (NYSE:BIRK) Purchased by Stifel Financial Corp

Stifel Financial Corp acquired a new position in shares of Birkenstock Holding plc (NYSE:BIRK) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 26,685 shares of the company’s stock, valued at approximately $1,315,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of Birkenstock in the third quarter valued at approximately $25,000. Point72 DIFC Ltd purchased a new position in shares of Birkenstock during the 3rd quarter worth $299,000. Polymer Capital Management HK LTD acquired a new position in shares of Birkenstock during the 3rd quarter valued at about $425,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Birkenstock in the third quarter valued at about $694,000. Finally, HighTower Advisors LLC increased its position in Birkenstock by 370.8% during the third quarter. HighTower Advisors LLC now owns 26,165 shares of the company’s stock worth $1,289,000 after purchasing an additional 20,607 shares during the last quarter. 19.93% of the stock is owned by institutional investors and hedge funds.

Birkenstock Stock Up 4.9 %

Birkenstock stock opened at $60.40 on Friday. The firm has a market capitalization of $11.34 billion, a P/E ratio of 99.02, a P/E/G ratio of 1.19 and a beta of 2.22. The stock’s fifty day simple moving average is $50.18 and its 200-day simple moving average is $53.10. 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 2.91, a quick ratio of 1.49 and a debt-to-equity ratio of 0.55.

Analyst Upgrades and Downgrades

BIRK has been the topic of several recent analyst reports. Robert W. Baird increased their price target on shares of Birkenstock from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday. BMO Capital Markets increased their price objective on Birkenstock from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday. Evercore ISI restated an “outperform” rating and issued a $77.00 target price (up previously from $63.00) on shares of Birkenstock in a research report on Monday, August 26th. HSBC upgraded Birkenstock from a “hold” rating to a “buy” rating and increased their price target for the stock from $58.00 to $60.00 in a report on Tuesday, December 3rd. Finally, BTIG Research boosted their price objective on shares of Birkenstock from $60.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Birkenstock has a consensus rating of “Moderate Buy” and an average target price 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.