Traders Buy High Volume of Birkenstock Put Options (NYSE:BIRK)

Birkenstock Holding PLC (NYSE:BIRK) saw some unusual options trading activity on Tuesday. Investors acquired 36,269 put options on the stock. This represents an increase of 1,388% compared to the typical volume of 2,438 put options.

Birkenstock Stock Down 5.4%

Birkenstock stock opened at $37.58 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.19 and a current ratio of 2.95. The business’s 50-day simple moving average is $43.24 and its two-hundred day simple moving average is $40.11. Birkenstock has a fifty-two week low of $31.12 and a fifty-two week high of $53.53. The company has a market cap of $6.91 billion, a PE ratio of 16.97, a PEG ratio of 1.67 and a beta of 1.30.

Birkenstock (NYSE:BIRK) last posted its earnings results on Wednesday, May 13th. The company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.12). The business had revenue of $714.40 million for the quarter, compared to analyst estimates of $716.62 million. Birkenstock had a net margin of 16.26% and a return on equity of 12.95%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.63 earnings per share. Equities analysts anticipate that Birkenstock will post 2.27 EPS for the current year.

Insider Transactions at Birkenstock

In other 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 transaction of $2,524,200.00. Following the transaction, the insider directly owned 61,153 shares of the company’s stock, valued at approximately $2,572,706.71. This represents a 49.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Institutional Trading of Birkenstock

A number of hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. increased its position in shares of Birkenstock by 22.5% during the fourth quarter. Principal Financial Group Inc. now owns 925,061 shares of the company’s stock worth $37,835,000 after purchasing an additional 170,034 shares in the last quarter. Exane Asset Management acquired a new position in shares of Birkenstock in the 4th quarter valued at $6,502,000. Paragon Capital Management Inc. acquired a new position in shares of Birkenstock in the 4th quarter valued at $1,181,000. Swedbank AB grew its holdings in shares of Birkenstock by 25.0% during the 4th quarter. Swedbank AB now owns 1,500,000 shares of the company’s stock worth $61,350,000 after purchasing an additional 300,000 shares during the period. Finally, ABN Amro Investment Solutions acquired a new stake in shares of Birkenstock during the 1st quarter worth about $2,892,000. Hedge funds and other institutional investors own 19.93% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Weiss Ratings raised Birkenstock from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 2nd. Seaport Research Partners lowered Birkenstock from a “buy” rating to a “neutral” rating in a research note on Monday, July 20th. Williams Trading downgraded shares of Birkenstock from a “strong-buy” rating to a “hold” rating in a report on Sunday, August 2nd. Piper Sandler reiterated an “overweight” rating and issued a $55.00 target price (down from $60.00) on shares of Birkenstock in a research note on Monday, April 27th. Finally, Wall Street Zen raised shares of Birkenstock from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Thirteen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $53.28.

Birkenstock Company Profile

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.