Birkenstock Holding PLC $BIRK Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its stake in Birkenstock Holding PLC (NYSE:BIRK) by 48.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 474,241 shares of the company’s stock after selling 450,820 shares during the quarter. Principal Financial Group Inc.’s holdings in Birkenstock were worth $16,992,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Bamco Inc. NY raised its position in shares of Birkenstock by 25.4% during the 4th quarter. Bamco Inc. NY now owns 7,966,037 shares of the company’s stock worth $325,811,000 after buying an additional 1,612,236 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of Birkenstock by 11.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 11,886,454 shares of the company’s stock worth $486,156,000 after acquiring an additional 1,264,841 shares during the period. Holocene Advisors LP boosted its holdings in shares of Birkenstock by 239.3% in the second quarter. Holocene Advisors LP now owns 1,748,348 shares of the company’s stock valued at $85,984,000 after acquiring an additional 1,233,085 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Birkenstock by 61.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,093,620 shares of the company’s stock valued at $126,534,000 after acquiring an additional 1,181,919 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new position in shares of Birkenstock during the fourth quarter valued at approximately $41,110,000. Institutional investors and hedge funds own 19.93% of the company’s stock.

Insider Transactions at Birkenstock

In other Birkenstock news, insider Mehdi Nico Bouyakhf sold 30,000 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was 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 approximately $1,355,155.50. The trade was a 49.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Birkenstock Stock Performance

BIRK opened at $42.90 on Thursday. The firm has a market cap of $7.89 billion, a PE ratio of 19.38, a P/E/G ratio of 1.77 and a beta of 1.26. The company has a quick ratio of 1.19, a current ratio of 2.95 and a debt-to-equity ratio of 0.45. The business has a fifty day simple moving average of $43.16 and a 200-day simple moving average of $40.28. Birkenstock Holding PLC has a fifty-two week low of $31.12 and a fifty-two week high of $53.53.

Birkenstock (NYSE:BIRK) last announced its earnings results on Wednesday, May 13th. The company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.12). Birkenstock had a return on equity of 12.95% and a net margin of 16.26%.The company had revenue of $714.40 million for the quarter, compared to analyst estimates of $716.62 million. During the same period last year, the firm earned $0.63 earnings per share. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. Birkenstock has set its FY 2026 guidance at 2.220-2.400 EPS. As a group, equities analysts predict that Birkenstock Holding PLC will post 2.27 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wall Street Zen cut Birkenstock from a “hold” rating to a “sell” rating in a report on Sunday, July 5th. Stifel Nicolaus set a $51.00 price target on Birkenstock in a research note on Wednesday, May 13th. Piper Sandler reissued an “overweight” rating and issued a $55.00 price objective (down from $60.00) on shares of Birkenstock in a research note on Monday, April 27th. Telsey Advisory Group dropped their price objective on Birkenstock from $60.00 to $45.00 and set an “outperform” rating on the stock in a research note on Thursday, May 14th. Finally, Zacks Research upgraded Birkenstock from a “strong sell” rating to a “hold” rating in a report on Thursday, July 2nd. Thirteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $53.57.

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.