Birkenstock Holding PLC $BIRK Stock Holdings Increased by Verition Fund Management LLC

Verition Fund Management LLC increased its holdings in Birkenstock Holding PLC (NYSE:BIRK) by 836.4% during the fourth quarter, Holdings Channel reports. The firm owned 384,493 shares of the company’s stock after purchasing an additional 343,434 shares during the period. Verition Fund Management LLC’s holdings in Birkenstock were worth $15,726,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Morse Asset Management Inc bought a new stake in shares of Birkenstock in the 3rd quarter worth approximately $28,000. Kestra Advisory Services LLC bought a new stake in shares of Birkenstock in the 4th quarter worth approximately $42,000. Quarry LP raised its holdings in shares of Birkenstock by 99.2% in the 3rd quarter. Quarry LP now owns 988 shares of the company’s stock worth $45,000 after purchasing an additional 492 shares in the last quarter. GW&K Investment Management LLC raised its holdings in shares of Birkenstock by 77.4% in the 4th quarter. GW&K Investment Management LLC now owns 1,114 shares of the company’s stock worth $46,000 after purchasing an additional 486 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of Birkenstock by 61.0% in the 1st quarter. NewEdge Advisors LLC now owns 1,288 shares of the company’s stock worth $59,000 after purchasing an additional 488 shares in the last quarter. 19.93% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Mehdi Nico Bouyakhf sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $43.50, for a total transaction of $1,305,000.00. Following the sale, the insider owned 31,153 shares in the company, valued at $1,355,155.50. The trade was a 49.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Birkenstock Stock Down 2.0%

BIRK stock opened at $47.79 on Tuesday. Birkenstock Holding PLC has a 52-week low of $31.12 and a 52-week high of $53.53. The company’s 50 day simple moving average is $39.72 and its 200-day simple moving average is $40.02. 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 firm has a market capitalization of $8.79 billion, a P/E ratio of 21.59, a P/E/G ratio of 2.04 and a beta of 1.24.

Wall Street Analyst Weigh In

A number of research firms recently commented on BIRK. Stifel Nicolaus set a $51.00 target price on shares of Birkenstock in a report on Wednesday, May 13th. Morgan Stanley set a $41.00 target price on shares of Birkenstock in a report on Thursday, May 14th. Wall Street Zen downgraded shares of Birkenstock from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. Zacks Research downgraded shares of Birkenstock from a “hold” rating to a “strong sell” rating in a report on Friday, May 15th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $52.50 target price on shares of Birkenstock in a report on Friday, May 22nd. Twelve equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $53.68.

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.