Verition Fund Management LLC Grows Holdings in Birkenstock Holding PLC $BIRK

Verition Fund Management LLC increased its position in shares of Birkenstock Holding PLC (NYSE:BIRK) by 836.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 384,493 shares of the company’s stock after buying an additional 343,434 shares during the period. Verition Fund Management LLC owned about 0.21% of Birkenstock worth $15,726,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BIRK. Bamco Inc. NY grew its holdings in Birkenstock by 41.9% during the 3rd quarter. Bamco Inc. NY now owns 6,353,801 shares of the company’s stock worth $287,509,000 after acquiring an additional 1,876,398 shares in the last quarter. Holocene Advisors LP grew its holdings in Birkenstock by 239.3% during the 2nd quarter. Holocene Advisors LP now owns 1,748,348 shares of the company’s stock worth $85,984,000 after acquiring an additional 1,233,085 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Birkenstock by 61.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,093,620 shares of the company’s stock worth $126,534,000 after acquiring an additional 1,181,919 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in Birkenstock during the 4th quarter worth $41,110,000. Finally, Durable Capital Partners LP acquired a new position in Birkenstock during the 3rd quarter worth $40,121,000. Hedge funds and other institutional investors own 19.93% of the company’s stock.

Insider Transactions at Birkenstock

In other Birkenstock news, insider Mehdi Nico Bouyakhf sold 60,000 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $42.07, for a total transaction of $2,524,200.00. Following the sale, the insider directly owned 61,153 shares in the company, valued at approximately $2,572,706.71. The trade was a 49.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Wall Street Analyst Weigh In

BIRK has been the subject of several recent analyst reports. Piper Sandler reissued an “overweight” rating and set a $55.00 price objective (down from $60.00) on shares of Birkenstock in a report on Monday, April 27th. Seaport Research Partners raised shares of Birkenstock from a “neutral” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $41.00 price objective on shares of Birkenstock in a report on Thursday, May 14th. Morgan Stanley set a $41.00 price objective on shares of Birkenstock in a report on Thursday, May 14th. Finally, Stifel Nicolaus set a $51.00 price objective on shares of Birkenstock in a report on Wednesday, May 13th. Twelve investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $53.68.

Birkenstock Trading Down 2.0%

Birkenstock stock opened at $47.79 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 2.95 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average price of $39.72 and a two-hundred day moving average price of $40.02. The firm has a market capitalization of $8.79 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 2.04 and a beta of 1.24. Birkenstock Holding PLC has a 52-week low of $31.12 and a 52-week high of $53.53.

About Birkenstock

Birkenstock Group AG, listed on the New York Stock Exchange under the symbol BIRK, is a global footwear manufacturer renowned for its anatomically contoured footbeds and iconic sandal designs. The company’s core product lines include classic models such as the Arizona, Boston and Madrid, alongside a range of clogs, shoes and orthotic insoles. In addition to footwear, Birkenstock offers complementary accessories, including socks and leather care products, reinforcing its commitment to foot health and comfort.

Birkenstock reaches consumers through a diversified distribution network that combines direct-to-consumer channels—such as branded retail stores and e-commerce platforms—with wholesale partnerships spanning specialty footwear retailers, department stores and select online marketplaces.