Birkenstock Holding PLC $BIRK Holdings Raised by Rhumbline Advisers

Rhumbline Advisers lifted its position in Birkenstock Holding PLC (NYSE:BIRK) by 5.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,957 shares of the company’s stock after buying an additional 1,776 shares during the period. Rhumbline Advisers’ holdings in Birkenstock were worth $1,465,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of BIRK. Signaturefd LLC raised its position in Birkenstock by 66.5% in the first quarter. Signaturefd LLC now owns 841 shares of the company’s stock worth $39,000 after acquiring an additional 336 shares in the last quarter. NewEdge Advisors LLC increased its holdings 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 buying an additional 488 shares in the last quarter. CWM LLC increased its holdings 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 buying an additional 809 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Birkenstock in the first quarter valued at $205,000. Finally, Applied Finance Capital Management LLC bought a new position in shares of Birkenstock in the first quarter valued at $214,000. Institutional investors own 19.93% of the company’s stock.

Birkenstock Trading Up 0.8%

Shares of NYSE:BIRK opened at $46.02 on Friday. The company has a market capitalization of $8.64 billion, a P/E ratio of 25.57, a P/E/G ratio of 1.02 and a beta of 1.31. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.78 and a quick ratio of 1.29. Birkenstock Holding PLC has a 1 year low of $40.56 and a 1 year high of $62.66. The business’s 50 day simple moving average is $49.57 and its 200 day simple moving average is $49.75.

Birkenstock (NYSE:BIRK) last posted its quarterly 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. Birkenstock had a net margin of 15.21% and a return on equity of 11.52%. The company had revenue of $749.13 million for the quarter, compared to the consensus estimate of $641.18 million. During the same period last year, the company posted $0.40 EPS. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. Birkenstock has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Birkenstock Holding PLC will post 1.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BIRK. The Goldman Sachs Group raised Birkenstock from a “neutral” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Thursday, July 24th. William Blair restated an “outperform” rating on shares of Birkenstock in a report on Tuesday, June 3rd. 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, Telsey Advisory Group restated an “outperform” rating and issued a $70.00 price objective on shares of Birkenstock in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $68.58.

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.