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

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

Several other large investors also recently made changes to their positions in BIRK. Royal Bank of Canada boosted its holdings in shares of Birkenstock by 310.5% in the 1st quarter. Royal Bank of Canada now owns 15,820 shares of the company’s stock valued at $725,000 after buying an additional 11,966 shares during the last quarter. AQR Capital Management LLC raised its stake in Birkenstock by 53.1% in the 1st quarter. AQR Capital Management LLC now owns 14,954 shares of the company’s stock valued at $686,000 after acquiring an additional 5,189 shares during the period. NewEdge Advisors LLC raised its stake in 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 acquiring an additional 488 shares during the period. Goldman Sachs Group Inc. raised its stake in 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 acquiring an additional 233,672 shares during the period. Finally, Creative Planning bought a new stake in Birkenstock in the 2nd quarter valued at $371,000. Institutional investors and hedge funds own 19.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BIRK. Telsey Advisory Group dropped their price target on Birkenstock from $60.00 to $45.00 and set an “outperform” rating on the stock in a research note on Thursday, May 14th. Zacks Research cut Birkenstock from a “hold” rating to a “strong sell” rating in a research note on Friday, May 15th. Stifel Nicolaus set a $51.00 price target on Birkenstock in a research note on Wednesday, May 13th. Piper Sandler restated an “overweight” rating and issued a $55.00 price target (down from $60.00) on shares of Birkenstock in a research note on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $41.00 price target on shares of Birkenstock in a research note on Thursday, May 14th. Twelve research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $53.68.

Insider Buying and Selling

In other Birkenstock news, insider Mehdi Nico Bouyakhf sold 60,000 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $42.07, for a total value of $2,524,200.00. Following the transaction, the insider directly owned 61,153 shares of the company’s stock, valued at $2,572,706.71. This represents a 49.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Birkenstock Stock Performance

Shares of NYSE BIRK opened at $47.09 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.95 and a quick ratio of 1.19. The stock’s fifty day moving average price is $40.24 and its two-hundred day moving average price is $40.09. Birkenstock Holding PLC has a one year low of $31.12 and a one year high of $53.53. The firm has a market cap of $8.66 billion, a price-to-earnings ratio of 21.27, a P/E/G ratio of 2.05 and a beta of 1.25.

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.