Aigen Investment Management LP Reduces Holdings in Birkenstock Holding plc (NYSE:BIRK)

Aigen Investment Management LP cut its stake in shares of Birkenstock Holding plc (NYSE:BIRK) by 39.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,861 shares of the company’s stock after selling 4,440 shares during the quarter. Aigen Investment Management LP’s holdings in Birkenstock were worth $389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Quarry LP bought a new position in Birkenstock during the 3rd quarter valued at approximately $25,000. MetLife Investment Management LLC raised its position in 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 purchasing an additional 236 shares during the last quarter. Amalgamated Bank raised its position in Birkenstock by 51.8% during the 3rd quarter. Amalgamated Bank now owns 2,071 shares of the company’s stock valued at $102,000 after purchasing an additional 707 shares during the last quarter. R Squared Ltd bought a new position in Birkenstock during the 4th quarter valued at approximately $143,000. Finally, Point72 DIFC Ltd bought a new position in Birkenstock during the 3rd quarter valued at approximately $299,000. 19.93% of the stock is currently owned by hedge funds and other institutional investors.

Birkenstock Stock Down 2.9 %

BIRK stock opened at $45.60 on Friday. Birkenstock Holding plc has a twelve month low of $41.00 and a twelve month high of $64.78. The company has a quick ratio of 1.08, a current ratio of 2.84 and a debt-to-equity ratio of 0.48. The firm has a market cap of $8.57 billion, a PE ratio of 36.78, a price-to-earnings-growth ratio of 1.02 and a beta of 1.90. The business has a 50 day moving average of $55.82 and a 200 day moving average of $52.63.

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

Analysts Set New Price Targets

A number of research analysts have commented on BIRK shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $70.00 price target on shares of Birkenstock in a research report on Thursday, February 20th. HSBC raised Birkenstock from a “hold” rating to a “buy” rating and upped their price target for the company from $58.00 to $60.00 in a research report on Tuesday, December 3rd. UBS Group increased their target price on Birkenstock from $83.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft increased 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, BMO Capital Markets increased their target price on Birkenstock from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Two research 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 stock. According to MarketBeat, Birkenstock currently has a consensus rating of “Moderate Buy” and an average price target of $68.31.

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.