Arete Wealth Advisors LLC Takes Position in Birkenstock Holding PLC $BIRK

Key Points

• Arete Wealth Advisors LLC acquired 10,156 shares of Birkenstock Holding PLC, valued at approximately $466,000, during the first quarter.
• Birkenstock reported $0.70 EPS for the last quarter, exceeding analysts' expectations of $0.67, with revenues increasing by 12.4% year-over-year.
• Several analysts have increased their target prices for Birkenstock shares, with the consensus now at $68.58, indicating a generally positive outlook on the stock.

Arete Wealth Advisors LLC acquired a new position in Birkenstock Holding PLC (NYSE:BIRK - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,156 shares of the company's stock, valued at approximately $466,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Signaturefd LLC raised its position in Birkenstock by 66.5% during the 1st quarter. Signaturefd LLC now owns 841 shares of the company's stock valued at $39,000 after purchasing an additional 336 shares in the last quarter. Malaga Cove Capital LLC increased its stake in shares of Birkenstock by 3.5% during the fourth quarter. Malaga Cove Capital LLC now owns 12,108 shares of the company's stock valued at $686,000 after buying an additional 407 shares during the period. NewEdge Advisors LLC increased its stake in shares of Birkenstock by 61.0% during the first 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. Charles Schwab Investment Management Inc. increased its stake in shares of Birkenstock by 10.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 7,455 shares of the company's stock valued at $342,000 after buying an additional 681 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of Birkenstock by 4.9% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 14,778 shares of the company's stock valued at $837,000 after buying an additional 688 shares during the period. Institutional investors own 19.93% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on BIRK. Telsey Advisory Group reissued an "outperform" rating and issued a $70.00 price objective on shares of Birkenstock in a research note on Thursday, August 14th. Evercore ISI lifted their price objective on shares of Birkenstock from $65.00 to $70.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. UBS Group set a $77.00 price target on shares of Birkenstock and gave the stock a "buy" rating in a report on Tuesday, August 5th. William Blair reissued an "outperform" rating on shares of Birkenstock in a report on Tuesday, June 3rd. Finally, The Goldman Sachs Group raised Birkenstock from a "neutral" rating to a "buy" rating and set a $60.00 price objective for the company in a report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $68.58.

Birkenstock Price Performance

BIRK stock traded down $0.38 during trading on Tuesday, hitting $45.72. The stock had a trading volume of 842,211 shares, compared to its average volume of 1,902,406. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.78 and a quick ratio of 1.29. Birkenstock Holding PLC has a twelve month low of $40.56 and a twelve month high of $62.66. The stock has a market capitalization of $8.59 billion, a P/E ratio of 25.40, a PEG ratio of 1.03 and a beta of 1.31. The company's 50-day moving average price is $49.72 and its two-hundred day moving average price is $49.82.

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

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.