GAMMA Investing LLC Purchases 233 Shares of Birkenstock Holding PLC $BIRK

GAMMA Investing LLC grew its position in Birkenstock Holding PLC (NYSE:BIRK) by 34.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 908 shares of the company’s stock after acquiring an additional 233 shares during the period. GAMMA Investing LLC’s holdings in Birkenstock were worth $45,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of BIRK. Rhumbline Advisers raised its stake in shares of Birkenstock by 5.9% in the first quarter. Rhumbline Advisers now owns 31,957 shares of the company’s stock valued at $1,465,000 after acquiring an additional 1,776 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in Birkenstock in the 1st quarter valued at $4,291,000. Handelsbanken Fonder AB raised its position in Birkenstock by 118.8% in the 1st quarter. Handelsbanken Fonder AB now owns 15,100 shares of the company’s stock valued at $692,000 after purchasing an additional 8,200 shares during the last quarter. Shikiar Asset Management Inc. bought a new position in shares of Birkenstock in the first quarter valued at about $883,000. Finally, Lecap Asset Management Ltd. bought a new position in shares of Birkenstock in the first quarter valued at about $1,995,000. Institutional investors own 19.93% of the company’s stock.

Birkenstock Stock Down 0.6%

Shares of NYSE:BIRK opened at $46.00 on Friday. Birkenstock Holding PLC has a 52 week low of $40.56 and a 52 week high of $62.66. 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 company has a market capitalization of $8.64 billion, a PE ratio of 25.55, a PEG ratio of 0.87 and a beta of 1.22. The company has a 50 day moving average price of $48.78 and a two-hundred day moving average price of $49.82.

Birkenstock (NYSE:BIRK) last issued its earnings results 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 net margin of 15.21% and a return on equity of 11.52%. The firm had revenue of $749.13 million during the quarter, compared to the consensus estimate of $641.18 million. During the same quarter in the prior year, the firm earned $0.40 earnings per share. The business’s quarterly revenue was up 12.4% on a year-over-year basis. Birkenstock has set its FY 2025 guidance at EPS. Analysts forecast that Birkenstock Holding PLC will post 1.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.