Strs Ohio Makes New $1.13 Million Investment in Birkenstock Holding PLC $BIRK

Strs Ohio bought a new position in shares of Birkenstock Holding PLC (NYSE:BIRK) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 24,729 shares of the company’s stock, valued at approximately $1,134,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of BIRK. Northern Trust Corp boosted its position in Birkenstock by 11.1% during the 4th quarter. Northern Trust Corp now owns 75,027 shares of the company’s stock valued at $4,251,000 after buying an additional 7,498 shares during the period. Deutsche Bank AG boosted its position in Birkenstock by 1,564.2% during the 4th quarter. Deutsche Bank AG now owns 50,343 shares of the company’s stock valued at $2,852,000 after buying an additional 47,318 shares during the period. Woodline Partners LP boosted its position in Birkenstock by 129.7% during the 4th quarter. Woodline Partners LP now owns 191,219 shares of the company’s stock valued at $10,834,000 after buying an additional 107,981 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Birkenstock by 170.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 72,538 shares of the company’s stock valued at $4,110,000 after buying an additional 45,700 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Birkenstock by 3,914.1% in the 1st quarter. GAMMA Investing LLC now owns 30,949 shares of the company’s stock worth $1,419,000 after purchasing an additional 30,178 shares in the last quarter. Institutional investors own 19.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BIRK shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $70.00 price target on shares of Birkenstock in a report on Thursday, August 14th. 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. William Blair reaffirmed an “outperform” rating on shares of Birkenstock in a report on Tuesday, June 3rd. Finally, The Goldman Sachs Group raised shares of Birkenstock from a “neutral” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Thursday, July 24th. 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 data from MarketBeat.com, Birkenstock has a consensus rating of “Buy” and a consensus price target of $68.58.

Birkenstock Trading Up 0.8%

Birkenstock stock opened at $46.02 on Friday. 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 12 month low of $40.56 and a 12 month high of $62.66. The stock’s 50 day simple moving average is $49.57 and its two-hundred day simple moving average is $49.75. The firm has a market cap of $8.64 billion, a PE ratio of 25.57, a P/E/G ratio of 1.02 and a beta of 1.31.

Birkenstock (NYSE:BIRK) last posted its quarterly earnings data on Thursday, August 14th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.67 by $0.03. Birkenstock had a return on equity of 11.52% and a net margin of 15.21%.The firm had revenue of $749.13 million during the quarter, compared to the consensus estimate of $641.18 million. During the same period in the prior year, the company earned $0.40 EPS. The firm’s revenue was up 12.4% compared to the same quarter last year. Birkenstock has set its FY 2025 guidance at EPS. Analysts anticipate 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.