417,785 Birkenstock Holding PLC $BIRK Shares Sold by Lunate Capital Ltd

Lunate Capital Ltd decreased its stake in shares of Birkenstock Holding PLC (NYSE:BIRK) by 41.4% during the third quarter, HoldingsChannel reports. The firm owned 592,215 shares of the company’s stock after selling 417,785 shares during the quarter. Birkenstock makes up about 2.7% of Lunate Capital Ltd’s investment portfolio, making the stock its 10th largest position. Lunate Capital Ltd’s holdings in Birkenstock were worth $19,194,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in BIRK. Van Berkom & Associates Inc. purchased a new stake in shares of Birkenstock during the third quarter valued at $50,000. Signaturefd LLC increased its position in shares of Birkenstock by 457.3% in the 3rd quarter. Signaturefd LLC now owns 836 shares of the company’s stock valued at $27,000 after acquiring an additional 686 shares during the period. Sterling Capital Management LLC increased its position in shares of Birkenstock by 25.7% in the 3rd quarter. Sterling Capital Management LLC now owns 1,518 shares of the company’s stock valued at $49,000 after acquiring an additional 310 shares during the period. Investment House LLC raised its stake in Birkenstock by 46.3% in the 3rd quarter. Investment House LLC now owns 71,954 shares of the company’s stock worth $2,332,000 after acquiring an additional 22,776 shares during the last quarter. Finally, AMF Tjanstepension AB raised its stake in Birkenstock by 190.1% in the 3rd quarter. AMF Tjanstepension AB now owns 108,362 shares of the company’s stock worth $3,512,000 after acquiring an additional 71,003 shares during the last quarter. Hedge funds and other institutional investors own 19.93% of the company’s stock.

Analysts Set New Price Targets

BIRK has been the subject of a number of research reports. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $55.00 price target (up from $50.00) on shares of Birkenstock in a research report on Friday, August 14th. Raymond James Financial cut their price objective on Birkenstock from $52.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday, October 16th. Zacks Research upgraded Birkenstock from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 1st. JPMorgan Chase & Co. raised their price objective on Birkenstock from $49.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Birkenstock in a report on Friday, July 31st. Thirteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Birkenstock currently has a consensus rating of “Moderate Buy” and an average target price of $51.91.

Birkenstock Stock Down 3.7%

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

Birkenstock (NYSE:BIRK) last issued its earnings results on Thursday, August 13th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.02). The business had revenue of $834.65 million for the quarter, compared to analysts’ expectations of $827.39 million. Birkenstock had a return on equity of 13.36% and a net margin of 14.82%. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period last year, the business earned $0.62 EPS. Birkenstock has set its FY 2026 guidance at 2.220-2.400 EPS. As a group, equities research analysts forecast that Birkenstock Holding PLC will post 2.19 earnings per share for the current year.

Birkenstock Company 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.