Lecap Asset Management Ltd. Has $1.26 Million Holdings in Birkenstock Holding PLC $BIRK

Lecap Asset Management Ltd. trimmed its position in shares of Birkenstock Holding PLC (NYSE:BIRK) by 41.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,566 shares of the company’s stock after selling 17,948 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Birkenstock were worth $1,257,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Signaturefd LLC increased its holdings in shares of Birkenstock by 66.5% during the first quarter. Signaturefd LLC now owns 841 shares of the company’s stock valued at $39,000 after acquiring an additional 336 shares in the last quarter. GAMMA Investing LLC increased its stake in Birkenstock by 34.5% in the 2nd quarter. GAMMA Investing LLC now owns 908 shares of the company’s stock worth $45,000 after acquiring an additional 233 shares during the last quarter. NewEdge Advisors LLC boosted 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. CWM LLC grew its position in Birkenstock by 34.8% during the 1st quarter. CWM LLC now owns 3,133 shares of the company’s stock worth $144,000 after acquiring an additional 809 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in Birkenstock in the 1st quarter worth approximately $205,000. 19.93% of the stock is currently owned by institutional investors.

Birkenstock Trading Up 2.1%

Shares of BIRK opened at $46.22 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.78 and a quick ratio of 1.29. The firm has a 50 day simple moving average of $49.02 and a 200-day simple moving average of $49.76. Birkenstock Holding PLC has a 1-year low of $40.56 and a 1-year high of $62.66. The stock has a market cap of $8.68 billion, a price-to-earnings ratio of 25.68, a price-to-earnings-growth ratio of 1.02 and a beta of 1.23.

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

Analyst Ratings Changes

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

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.