Birkenstock Holding plc (NYSE:BIRK) Short Interest Update

Birkenstock Holding plc (NYSE:BIRK) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 5,140,000 shares, an increase of 6.6% from the March 31st total of 4,820,000 shares. Approximately 20.7% of the shares of the company are sold short. Based on an average daily volume of 632,600 shares, the days-to-cover ratio is presently 8.1 days.

Birkenstock Stock Performance

NYSE BIRK opened at $44.48 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.28 and a current ratio of 2.85. The stock’s 50-day simple moving average is $46.15 and its two-hundred day simple moving average is $45.56. Birkenstock has a twelve month low of $35.83 and a twelve month high of $55.00.

Birkenstock (NYSE:BIRK) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). The firm had revenue of $303.00 million during the quarter, compared to analysts’ expectations of $289.09 million. The business’s revenue for the quarter was up 21.9% compared to the same quarter last year. As a group, equities research analysts predict that Birkenstock will post 1.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. UBS Group upped their price target on shares of Birkenstock from $51.00 to $52.00 and gave the company a “neutral” rating in a research note on Monday, March 4th. Piper Sandler lifted their price target on Birkenstock from $56.50 to $61.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. BMO Capital Markets increased their price objective on Birkenstock from $50.00 to $54.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Telsey Advisory Group cut shares of Birkenstock from an “outperform” rating to a “market perform” rating and set a $56.00 target price for the company. in a research report on Thursday, February 29th. Finally, Robert W. Baird raised their price target on shares of Birkenstock from $54.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $49.15.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Banque Cantonale Vaudoise bought a new position in shares of Birkenstock during the 1st quarter valued at $40,000. Tower Research Capital LLC TRC purchased a new position in shares of Birkenstock in the fourth quarter worth about $77,000. Venturi Wealth Management LLC purchased a new position in shares of Birkenstock in the fourth quarter worth about $83,000. CWM LLC boosted its holdings in Birkenstock by 358.2% during the 1st quarter. CWM LLC now owns 2,181 shares of the company’s stock valued at $103,000 after acquiring an additional 1,705 shares during the period. Finally, Connable Office Inc. bought a new stake in Birkenstock during the fourth quarter worth about $216,000. 19.93% of the stock is owned by hedge funds and other institutional investors.

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.