171,249 Shares in Birkenstock Holding PLC $BIRK Bought by Peregrine Capital Management LLC

Peregrine Capital Management LLC bought a new position in shares of Birkenstock Holding PLC (NYSE:BIRK) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 171,249 shares of the company’s stock, valued at approximately $8,422,000. Peregrine Capital Management LLC owned about 0.09% of Birkenstock at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC increased its holdings in shares of Birkenstock by 66.5% in the first quarter. Signaturefd LLC now owns 841 shares of the company’s stock valued at $39,000 after purchasing an additional 336 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of 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 acquiring an additional 233 shares during the period. NewEdge Advisors LLC boosted its position in shares of Birkenstock by 61.0% in the first quarter. NewEdge Advisors LLC now owns 1,288 shares of the company’s stock valued at $59,000 after acquiring an additional 488 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of 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 acquiring an additional 2,004 shares during the period. Finally, CWM LLC boosted its position in shares of Birkenstock by 34.8% in the first quarter. CWM LLC now owns 3,133 shares of the company’s stock valued at $144,000 after acquiring an additional 809 shares during the period. 19.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BIRK. UBS Group set a $77.00 target price on shares of Birkenstock and gave the company a “buy” rating in a research report on Tuesday, August 5th. Telsey Advisory Group reissued an “outperform” rating and issued a $70.00 target price on shares of Birkenstock in a research report on Friday, September 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Birkenstock in a research report on Wednesday, October 8th. JPMorgan Chase & Co. cut their price objective on shares of Birkenstock from $81.00 to $66.00 and set an “overweight” rating for the company in a research report on Friday, September 19th. Finally, The Goldman Sachs Group raised shares of Birkenstock from a “neutral” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Thursday, July 24th. 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. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $68.38.

Birkenstock Stock Performance

NYSE:BIRK opened at $42.34 on Tuesday. The company has a market capitalization of $7.95 billion, a PE ratio of 23.52, a P/E/G ratio of 0.80 and a beta of 1.22. The company has a 50 day simple moving average of $46.58 and a two-hundred day simple moving average of $49.54. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.29 and a current ratio of 2.78. Birkenstock Holding PLC has a fifty-two week low of $40.56 and a fifty-two week high of $62.66.

Birkenstock (NYSE:BIRK) last released its earnings results on Thursday, August 14th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. The business had revenue of $749.13 million during the quarter, compared to the consensus estimate of $641.18 million. Birkenstock had a net margin of 15.21% and a return on equity of 11.52%. The company’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 firm posted $0.40 EPS. Birkenstock has set its FY 2025 guidance at EPS. Research analysts anticipate that Birkenstock Holding PLC will post 1.77 earnings per share for the current year.

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.