5,237 Shares in Birkenstock Holding PLC $BIRK Bought by 111 Capital

111 Capital acquired a new stake in shares of Birkenstock Holding PLC (NYSE:BIRK) in the second quarter, HoldingsChannel reports. The fund acquired 5,237 shares of the company’s stock, valued at approximately $258,000.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of Birkenstock by 34.5% during the 2nd quarter. GAMMA Investing LLC now owns 908 shares of the company’s stock valued at $45,000 after buying an additional 233 shares during the last quarter. Signaturefd LLC lifted its stake in Birkenstock by 66.5% in the first quarter. Signaturefd LLC now owns 841 shares of the company’s stock valued at $39,000 after acquiring an additional 336 shares during the last quarter. NewEdge Advisors LLC grew its position in Birkenstock by 61.0% in the first quarter. NewEdge Advisors LLC now owns 1,288 shares of the company’s stock worth $59,000 after acquiring an additional 488 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Birkenstock by 10.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 7,455 shares of the company’s stock worth $342,000 after purchasing an additional 681 shares during the last quarter. Finally, CWM LLC increased its stake in shares of Birkenstock by 34.8% during the 1st quarter. CWM LLC now owns 3,133 shares of the company’s stock worth $144,000 after purchasing an additional 809 shares during the last quarter. 19.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on BIRK. JPMorgan Chase & Co. reduced their price objective on shares of Birkenstock from $81.00 to $66.00 and set an “overweight” rating for the company in a research note on Friday, September 19th. The Goldman Sachs Group raised Birkenstock from a “neutral” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Thursday, July 24th. Telsey Advisory Group reiterated an “outperform” rating and set a $70.00 price target on shares of Birkenstock in a research note on Friday, September 26th. UBS Group set a $77.00 price objective on Birkenstock and gave the company a “buy” rating in a report on Tuesday, August 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Birkenstock in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $68.38.

Birkenstock Trading Down 1.1%

Shares of NYSE:BIRK opened at $45.51 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.29 and a current ratio of 2.78. The stock’s 50-day moving average is $48.66 and its 200-day moving average is $49.85. The company has a market cap of $8.55 billion, a P/E ratio of 25.28, a P/E/G ratio of 0.87 and a beta of 1.22. Birkenstock Holding PLC has a 52-week low of $40.56 and a 52-week high of $62.66.

Birkenstock (NYSE:BIRK) last announced its earnings results on Thursday, August 14th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.03. The firm had revenue of $749.13 million during the quarter, compared to the consensus estimate of $641.18 million. Birkenstock had a return on equity of 11.52% and a net margin of 15.21%.The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.40 EPS. Birkenstock has set its FY 2025 guidance at EPS. Equities research analysts predict that Birkenstock Holding PLC will post 1.77 earnings per share for the current year.

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.