20,752 Shares in Birkenstock Holding PLC $BIRK Acquired by Night Squared LP

Night Squared LP acquired a new stake in Birkenstock Holding PLC (NYSE:BIRK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 20,752 shares of the company’s stock, valued at approximately $1,021,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in Birkenstock by 34.5% in the second quarter. GAMMA Investing LLC now owns 908 shares of the company’s stock valued at $45,000 after buying an additional 233 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Birkenstock by 61.0% during the first quarter. NewEdge Advisors LLC now owns 1,288 shares of the company’s stock worth $59,000 after purchasing an additional 488 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in Birkenstock by 3,131.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 2,068 shares of the company’s stock valued at $102,000 after purchasing an additional 2,004 shares in the last quarter. Amalgamated Bank increased its stake in Birkenstock by 26.8% in the second quarter. Amalgamated Bank now owns 2,632 shares of the company’s stock valued at $129,000 after purchasing an additional 556 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in Birkenstock during the first quarter worth approximately $205,000. Institutional investors and hedge funds own 19.93% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Guggenheim began coverage on shares of Birkenstock in a research note on Tuesday. They set a “buy” rating and a $60.00 price target on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Birkenstock in a research note on Monday. JPMorgan Chase & Co. lowered their target price on shares of Birkenstock from $81.00 to $66.00 and set an “overweight” rating on the stock in a research report on Friday, September 19th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $70.00 target price on shares of Birkenstock in a report on Friday, September 26th. Fourteen equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $68.38.

Birkenstock Stock Up 2.7%

Birkenstock stock opened at $43.76 on Wednesday. The stock has a market capitalization of $8.22 billion, a price-to-earnings ratio of 24.31, a PEG ratio of 0.81 and a beta of 1.14. The company has a current ratio of 2.78, a quick ratio of 1.29 and a debt-to-equity ratio of 0.50. The stock has a 50 day moving average of $42.03 and a two-hundred day moving average of $47.27. Birkenstock Holding PLC has a twelve month low of $38.16 and a twelve month high of $62.66.

About Birkenstock

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.