Lbp Am Sa Acquires 90,188 Shares of Birkenstock Holding PLC $BIRK

Lbp Am Sa increased its holdings in shares of Birkenstock Holding PLC (NYSE:BIRK) by 17.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 606,184 shares of the company’s stock after purchasing an additional 90,188 shares during the period. Lbp Am Sa’s holdings in Birkenstock were worth $29,812,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Birkenstock by 170.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 72,538 shares of the company’s stock worth $4,110,000 after acquiring an additional 45,700 shares during the last quarter. GAMMA Investing LLC increased its position in Birkenstock by 3,914.1% during the 1st quarter. GAMMA Investing LLC now owns 30,949 shares of the company’s stock worth $1,419,000 after purchasing an additional 30,178 shares in the last quarter. Rhumbline Advisers lifted its stake in Birkenstock by 5.9% in the 1st quarter. Rhumbline Advisers now owns 31,957 shares of the company’s stock valued at $1,465,000 after purchasing an additional 1,776 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in Birkenstock in the 1st quarter valued at approximately $4,291,000. Finally, Handelsbanken Fonder AB boosted its position in Birkenstock by 118.8% in the first quarter. Handelsbanken Fonder AB now owns 15,100 shares of the company’s stock valued at $692,000 after buying an additional 8,200 shares in the last quarter. Institutional investors own 19.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BIRK. William Blair reiterated an “outperform” rating on shares of Birkenstock in a report on Tuesday, June 3rd. JPMorgan Chase & Co. lowered their target price on Birkenstock from $81.00 to $66.00 and set an “overweight” rating for the company in a report on Friday, September 19th. The Goldman Sachs Group raised Birkenstock from a “neutral” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Thursday, July 24th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $70.00 price objective on shares of Birkenstock in a research note on Friday, September 26th. Finally, UBS Group set a $77.00 price objective on shares of Birkenstock and gave the company a “buy” rating in a report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $68.38.

Birkenstock Trading Up 1.2%

NYSE BIRK opened at $45.23 on Wednesday. The firm has a market capitalization of $8.50 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 1.01 and a beta of 1.31. The business’s 50-day moving average price is $49.12 and its two-hundred day moving average price is $49.79. The company has a current ratio of 2.78, a quick ratio of 1.29 and a debt-to-equity ratio of 0.50. Birkenstock Holding PLC has a 12 month low of $40.56 and a 12 month high of $62.66.

Birkenstock (NYSE:BIRK) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.03. Birkenstock had a return on equity of 11.52% and a net margin of 15.21%.The company had revenue of $749.13 million during the quarter, compared to the consensus estimate of $641.18 million. During the same period last year, the company earned $0.40 earnings per share. The firm’s revenue was up 12.4% compared to the same quarter last year. Birkenstock has set its FY 2025 guidance at EPS. On average, analysts expect that Birkenstock Holding PLC will post 1.77 EPS for the current year.

Birkenstock Profile

Birkenstock Holding plc manufactures and sells footwear products. It also offers sandals, shoes, closed-toe silhouettes, skincare products, and accessories. The company sells its products through e-commerce sites and a network of owned retail stores, as well as business-to-business channels. It operates in the United States, Brazil, Canada, Mexico, Europe, APMA, and internationally.