379,166 Shares in Birkenstock Holding PLC $BIRK Acquired by American Century Companies Inc.

American Century Companies Inc. bought a new position in shares of Birkenstock Holding PLC (NYSE:BIRK) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 379,166 shares of the company’s stock, valued at approximately $18,647,000.

Other large investors have also added to or reduced their stakes in the company. Rhumbline Advisers boosted its holdings in shares of Birkenstock by 35.8% during the 2nd quarter. Rhumbline Advisers now owns 43,405 shares of the company’s stock valued at $2,135,000 after purchasing an additional 11,448 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Birkenstock by 115.5% in the second quarter. Legal & General Group Plc now owns 9,443 shares of the company’s stock worth $464,000 after buying an additional 5,061 shares in the last quarter. Prudential PLC boosted its stake in Birkenstock by 73.0% during the second quarter. Prudential PLC now owns 27,700 shares of the company’s stock valued at $1,362,000 after buying an additional 11,690 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in Birkenstock by 227.0% during the second quarter. Dynamic Technology Lab Private Ltd now owns 37,319 shares of the company’s stock valued at $1,835,000 after buying an additional 25,908 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its holdings in Birkenstock by 6.6% during the 2nd quarter. Westfield Capital Management Co. LP now owns 1,676,950 shares of the company’s stock valued at $82,472,000 after buying an additional 104,265 shares in the last quarter. Hedge funds and other institutional investors own 19.93% of the company’s stock.

Birkenstock Price Performance

Shares of BIRK stock opened at $42.47 on Wednesday. The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of 23.59, a P/E/G ratio of 0.83 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. Birkenstock Holding PLC has a twelve month low of $38.16 and a twelve month high of $62.66. The stock has a fifty day simple moving average of $42.18 and a two-hundred day simple moving average of $47.69.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their price objective on Birkenstock from $81.00 to $66.00 and set an “overweight” rating on the stock in a report on Friday, September 19th. Telsey Advisory Group reiterated an “outperform” rating and set a $70.00 price objective on shares of Birkenstock in a research report on Friday, September 26th. Weiss Ratings restated a “hold (c-)” rating on shares of Birkenstock in a report on Monday. Finally, UBS Group set a $77.00 price target on shares of Birkenstock and gave the company a “buy” rating in a report on Tuesday, August 5th. Thirteen research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $69.08.

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.