R Squared Ltd Purchases Shares of 2,520 Birkenstock Holding plc (NYSE:BIRK)

R Squared Ltd purchased a new position in shares of Birkenstock Holding plc (NYSE:BIRK) during the 4th quarter, Holdings Channel.com reports. The fund purchased 2,520 shares of the company’s stock, valued at approximately $143,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Squarepoint Ops LLC acquired a new position in Birkenstock during the second quarter worth $2,188,000. Ghisallo Capital Management LLC grew its position in shares of Birkenstock by 800.0% in the 2nd quarter. Ghisallo Capital Management LLC now owns 900,000 shares of the company’s stock valued at $48,969,000 after acquiring an additional 800,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Birkenstock by 30.4% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,000,000 shares of the company’s stock worth $163,230,000 after purchasing an additional 700,000 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Birkenstock by 33.7% in the 3rd quarter. GAMMA Investing LLC now owns 893 shares of the company’s stock valued at $44,000 after purchasing an additional 225 shares during the period. Finally, Renaissance Capital LLC lifted its stake in Birkenstock by 86.8% in the 3rd quarter. Renaissance Capital LLC now owns 42,359 shares of the company’s stock valued at $2,088,000 after purchasing an additional 19,677 shares during the last quarter. Institutional investors own 19.93% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Piper Sandler started coverage on Birkenstock in a research report on Tuesday, December 10th. They set an “overweight” rating and a $65.00 price target on the stock. Telsey Advisory Group reissued an “outperform” rating and set a $70.00 target price on shares of Birkenstock in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft raised their price target on Birkenstock from $65.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, December 19th. UBS Group upped their price objective on shares of Birkenstock from $83.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, Robert W. Baird raised their target price 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. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $68.31.

Birkenstock Stock Up 0.8 %

Shares of NYSE BIRK opened at $61.30 on Thursday. The stock has a market capitalization of $11.51 billion, a P/E ratio of 56.76, a PEG ratio of 1.16 and a beta of 1.61. The stock’s fifty day moving average is $56.10 and its 200 day moving average is $53.21. Birkenstock Holding plc has a 52 week low of $41.00 and a 52 week high of $64.78. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.20 and a current ratio of 2.60.

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.