AGF Management Ltd. increased its holdings in Birkenstock Holding PLC (NYSE:BIRK – Free Report) by 2.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,089,320 shares of the company’s stock after purchasing an additional 51,110 shares during the quarter. AGF Management Ltd.’s holdings in Birkenstock were worth $94,542,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management increased its position in shares of Birkenstock by 77,500.0% during the 3rd quarter. Activest Wealth Management now owns 776 shares of the company’s stock worth $35,000 after purchasing an additional 775 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Birkenstock by 34.5% in the second quarter. GAMMA Investing LLC now owns 908 shares of the company’s stock valued at $45,000 after purchasing an additional 233 shares during the period. NewEdge Advisors LLC boosted its stake in shares of 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 buying an additional 488 shares during the period. Smartleaf Asset Management LLC acquired a new stake in Birkenstock in the second quarter valued at approximately $74,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Birkenstock by 3,131.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 2,068 shares of the company’s stock valued at $102,000 after purchasing an additional 2,004 shares in the last quarter. 19.93% of the stock is owned by hedge funds and other institutional investors.
Birkenstock Trading Down 0.6%
Shares of Birkenstock stock opened at $37.51 on Monday. The company’s fifty day moving average is $42.02 and its two-hundred day moving average is $44.65. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.26 and a current ratio of 2.81. The company has a market capitalization of $6.90 billion, a P/E ratio of 17.95, a PEG ratio of 1.48 and a beta of 1.19. Birkenstock Holding PLC has a 1 year low of $36.78 and a 1 year high of $62.50.
Analyst Ratings Changes
A number of brokerages have issued reports on BIRK. Williams Trading raised Birkenstock to a “hold” rating in a report on Friday, December 19th. The Goldman Sachs Group restated a “buy” rating and set a $59.00 target price on shares of Birkenstock in a research note on Thursday. BTIG Research reaffirmed a “buy” rating and issued a $65.00 price target on shares of Birkenstock in a report on Thursday. Guggenheim reissued a “buy” rating and set a $60.00 price objective on shares of Birkenstock in a report on Friday, December 19th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Birkenstock from $66.00 to $52.00 and set an “overweight” rating for the company in a report on Tuesday, January 20th. Sixteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $60.18.
Get Our Latest Research Report on Birkenstock
Birkenstock 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.
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