Birkenstock Holding plc (NYSE:BIRK) Stock Position Raised by Aigen Investment Management LP

Aigen Investment Management LP lifted its position in Birkenstock Holding plc (NYSE:BIRK) by 35.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,301 shares of the company’s stock after buying an additional 2,986 shares during the quarter. Aigen Investment Management LP’s holdings in Birkenstock were worth $557,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in BIRK. GAMMA Investing LLC raised its holdings in Birkenstock by 377.1% during the second quarter. GAMMA Investing LLC now owns 668 shares of the company’s stock valued at $36,000 after buying an additional 528 shares in the last quarter. Amalgamated Bank increased its position in Birkenstock by 51.8% in the 3rd quarter. Amalgamated Bank now owns 2,071 shares of the company’s stock worth $102,000 after buying an additional 707 shares during the period. Acadian Asset Management LLC acquired a new position in Birkenstock during the 2nd quarter valued at $136,000. MSA Advisors LLC bought a new stake in shares of Birkenstock in the second quarter valued at about $223,000. Finally, Venturi Wealth Management LLC increased its position 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 valued at $329,000 after purchasing an additional 2,470 shares during the period. Institutional investors and hedge funds own 19.93% of the company’s stock.

Birkenstock Price Performance

BIRK opened at $44.88 on Thursday. The company has a fifty day simple moving average of $48.04 and a 200 day simple moving average of $52.36. The company has a quick ratio of 1.49, a current ratio of 2.91 and a debt-to-equity ratio of 0.55. The stock has a market cap of $8.43 billion and a P/E ratio of 73.57. Birkenstock Holding plc has a 12 month low of $39.10 and a 12 month high of $64.78.

Birkenstock (NYSE:BIRK) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.07). Birkenstock had a return on equity of 5.79% and a net margin of 6.26%. The business had revenue of $564.76 million for the quarter, compared to analyst estimates of $628.70 million. On average, research analysts expect that Birkenstock Holding plc will post 1.39 EPS for the current year.

Analyst Ratings Changes

BIRK has been the topic of a number of analyst reports. BTIG Research set a $60.00 target price on shares of Birkenstock and gave the company a “buy” rating in a research note on Friday, October 18th. Stifel Nicolaus boosted their target price on Birkenstock from $63.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Telsey Advisory Group restated an “outperform” rating and set a $70.00 target price on shares of Birkenstock in a research report on Tuesday, September 24th. BMO Capital Markets reiterated an “outperform” rating and set a $60.00 price target on shares of Birkenstock in a research report on Friday, August 30th. Finally, Evercore ISI restated an “outperform” rating and issued a $77.00 price objective (up from $63.00) on shares of Birkenstock in a report on Monday, August 26th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.40.

Birkenstock 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.