Birkenstock Holding PLC $BIRK Shares Bought by Machina Capital S.A.S.

Machina Capital S.A.S. raised its position in Birkenstock Holding PLC (NYSE:BIRK) by 22.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 8,191 shares of the company’s stock after acquiring an additional 1,495 shares during the period. Machina Capital S.A.S.’s holdings in Birkenstock were worth $403,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in BIRK. Westfield Capital Management Co. LP acquired a new stake in shares of Birkenstock in the first quarter valued at about $72,108,000. Nuveen LLC acquired a new stake in shares of Birkenstock in the first quarter valued at about $52,385,000. T. Rowe Price Investment Management Inc. lifted its stake in shares of Birkenstock by 25.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 5,167,145 shares of the company’s stock valued at $236,914,000 after purchasing an additional 1,042,891 shares during the period. Swedbank AB acquired a new stake in shares of Birkenstock in the first quarter valued at about $45,850,000. Finally, Alua Capital Management LP acquired a new stake in shares of Birkenstock in the first quarter valued at about $33,723,000. Institutional investors and hedge funds own 19.93% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on BIRK. Weiss Ratings reiterated a “hold (c)” rating on shares of Birkenstock in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reduced their price objective on shares of Birkenstock from $81.00 to $66.00 and set an “overweight” rating for the company in a research note on Friday, September 19th. Telsey Advisory Group reiterated an “outperform” rating and issued a $70.00 price objective on shares of Birkenstock in a research note on Friday, September 26th. UBS Group set a $77.00 target price on shares of Birkenstock and gave the company a “buy” rating in a report on Tuesday, August 5th. Finally, The Goldman Sachs Group upgraded shares of Birkenstock from a “neutral” rating to a “buy” rating and set a $60.00 target price for the company in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $68.38.

Birkenstock Stock Performance

NYSE:BIRK opened at $39.50 on Wednesday. The company has a current ratio of 2.78, a quick ratio of 1.29 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average price of $45.22 and a two-hundred day moving average price of $49.23. Birkenstock Holding PLC has a twelve month low of $38.83 and a twelve month high of $62.66. The company has a market capitalization of $7.42 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 0.75 and a beta of 1.22.

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

Birkenstock Company 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.