Birkenstock Holding PLC $BIRK Stock: Lunate Capital Ltd Trims Stake

Lunate Capital Ltd trimmed its holdings in shares of Birkenstock Holding PLC (NYSE:BIRK) by 41.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 592,215 shares of the company’s stock after selling 417,785 shares during the quarter. Birkenstock accounts for approximately 2.7% of Lunate Capital Ltd’s holdings, making the stock its 10th biggest holding. Lunate Capital Ltd owned approximately 0.33% of Birkenstock worth $19,194,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its holdings in Birkenstock by 30.9% during the first quarter. Dimensional Fund Advisors LP now owns 4,049,787 shares of the company’s stock valued at $145,078,000 after buying an additional 956,167 shares during the period. Rice Hall James & Associates LLC lifted its holdings in Birkenstock by 26.5% during the first quarter. Rice Hall James & Associates LLC now owns 590,368 shares of the company’s stock worth $21,153,000 after buying an additional 123,791 shares during the period. Bank of New York Mellon Corp purchased a new stake in Birkenstock during the second quarter worth $4,772,000. AMF Tjanstepension AB boosted its position in Birkenstock by 190.1% during the 3rd quarter. AMF Tjanstepension AB now owns 108,362 shares of the company’s stock valued at $3,512,000 after acquiring an additional 71,003 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its position in Birkenstock by 438.0% during the 2nd quarter. Squarepoint Ops LLC now owns 99,537 shares of the company’s stock valued at $4,283,000 after acquiring an additional 81,037 shares in the last quarter. 19.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BIRK has been the topic of a number of analyst reports. Weiss Ratings downgraded Birkenstock from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, September 22nd. The Goldman Sachs Group restated a “buy” rating on shares of Birkenstock in a research note on Friday, July 31st. UBS Group restated a “buy” rating on shares of Birkenstock in a research note on Friday, September 11th. Seaport Research Partners downgraded Birkenstock from a “buy” rating to a “neutral” rating in a research report on Monday, July 20th. Finally, William Blair lowered Birkenstock from an “outperform” rating to a “market perform” rating and set a $44.00 target price on the stock. in a research note on Monday, August 3rd. Thirteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $51.91.

Birkenstock Stock Performance

Shares of BIRK opened at $37.28 on Wednesday. Birkenstock Holding PLC has a 12 month low of $29.93 and a 12 month high of $50.73. The stock has a fifty day moving average price of $33.30 and a 200-day moving average price of $38.12. The company has a current ratio of 3.78, a quick ratio of 2.09 and a debt-to-equity ratio of 0.67. The firm has a market cap of $6.63 billion, a PE ratio of 17.47, a P/E/G ratio of 1.28 and a beta of 1.26.

Birkenstock (NYSE:BIRK) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.02). Birkenstock had a return on equity of 13.36% and a net margin of 14.82%. The business had revenue of $834.65 million during the quarter, compared to analyst estimates of $827.39 million. During the same period in the previous year, the business earned $0.62 EPS. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. Birkenstock has set its FY 2026 guidance at 2.220-2.400 EPS. Equities research analysts predict that Birkenstock Holding PLC will post 2.19 earnings per share for the current fiscal year.

Birkenstock Profile

Birkenstock is a German footwear company best known for sandals and shoes built around its contoured footbed. Its product range also includes clogs, boots, sneakers and related accessories, sold under the Birkenstock brand. The company’s history traces back to 1774, when Johann Adam Birkenstock was recorded as a shoemaker in Germany. Birkenstock later became known for its anatomically shaped footbed, typically made with materials such as cork and latex. Birkenstock serves customers internationally through wholesale partners, its own retail stores and e-commerce channels.