Cinctive Capital Management LP Has $13.52 Million Position in Birkenstock Holding PLC $BIRK

Cinctive Capital Management LP reduced its stake in shares of Birkenstock Holding PLC (NYSE:BIRK) by 3.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 330,442 shares of the company’s stock after selling 12,505 shares during the quarter. Birkenstock comprises 0.7% of Cinctive Capital Management LP’s portfolio, making the stock its 29th biggest position. Cinctive Capital Management LP owned 0.18% of Birkenstock worth $13,515,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of BIRK. Royal Bank of Canada grew its position in shares of Birkenstock by 310.5% during the 1st quarter. Royal Bank of Canada now owns 15,820 shares of the company’s stock worth $725,000 after buying an additional 11,966 shares during the period. AQR Capital Management LLC grew its position in shares of Birkenstock by 53.1% during the 1st quarter. AQR Capital Management LLC now owns 14,954 shares of the company’s stock worth $686,000 after buying an additional 5,189 shares during the period. NewEdge Advisors LLC grew its position in shares of Birkenstock by 61.0% in the 1st quarter. NewEdge Advisors LLC now owns 1,288 shares of the company’s stock valued at $59,000 after purchasing an additional 488 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Birkenstock by 27.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,074,283 shares of the company’s stock valued at $49,256,000 after purchasing an additional 233,672 shares during the period. Finally, Creative Planning acquired a new position in shares of Birkenstock in the 2nd quarter valued at approximately $371,000. 19.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on BIRK. Seaport Research Partners upgraded Birkenstock from a “neutral” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Tuesday, April 14th. The Goldman Sachs Group reiterated a “buy” rating and issued a $52.50 price objective on shares of Birkenstock in a research report on Friday, May 22nd. Stifel Nicolaus set a $51.00 price objective on Birkenstock in a research report on Wednesday, May 13th. Piper Sandler reiterated an “overweight” rating and issued a $55.00 price objective (down from $60.00) on shares of Birkenstock in a research report on Monday, April 27th. Finally, Wall Street Zen lowered Birkenstock from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. Twelve investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Birkenstock has an average rating of “Moderate Buy” and a consensus target price of $53.68.

Birkenstock Trading Down 3.8%

NYSE BIRK opened at $47.09 on Thursday. The stock has a market capitalization of $8.66 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 2.05 and a beta of 1.25. The stock’s 50 day moving average price is $40.24 and its two-hundred day moving average price is $40.09. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.19 and a current ratio of 2.95. Birkenstock Holding PLC has a 52 week low of $31.12 and a 52 week high of $53.53.

Insider Buying and Selling

In other Birkenstock news, insider Mehdi Nico Bouyakhf sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $43.50, for a total value of $1,305,000.00. Following the sale, the insider owned 31,153 shares in the company, valued at approximately $1,355,155.50. The trade was a 49.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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.