10,156 Shares in Birkenstock Holding PLC $BIRK Acquired by Arete Wealth Advisors LLC

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 bought a new stake in Birkenstock Holding PLC (NYSE:BIRK - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,156 shares of the company's stock, valued at approximately $466,000.

Several other hedge funds have also added to or reduced their stakes in BIRK. Signaturefd LLC raised its holdings in Birkenstock by 66.5% during the 1st quarter. Signaturefd LLC now owns 841 shares of the company's stock worth $39,000 after purchasing an additional 336 shares during the last quarter. Malaga Cove Capital LLC raised 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 worth $686,000 after buying an additional 407 shares during the last quarter. NewEdge Advisors LLC raised 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 worth $59,000 after buying an additional 488 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Birkenstock by 10.1% in 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. boosted its stake in Birkenstock by 4.9% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 14,778 shares of the company's stock valued at $837,000 after acquiring an additional 688 shares during the last quarter. Institutional investors own 19.93% of the company's stock.

Birkenstock Stock Performance

BIRK stock opened at $46.87 on Thursday. Birkenstock Holding PLC has a 1-year low of $40.56 and a 1-year high of $62.66. 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 market cap of $8.80 billion, a PE ratio of 26.04, a P/E/G ratio of 1.06 and a beta of 1.31. The business's 50-day moving average price is $49.88 and its two-hundred day moving average price is $49.91.

Birkenstock (NYSE:BIRK - Get Free Report) last released 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. 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 analyst estimates of $641.18 million. During the same quarter last year, the firm posted $0.40 earnings per share. 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 forecast that Birkenstock Holding PLC will post 1.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on BIRK shares. Stifel Nicolaus upped their target price on shares of Birkenstock from $62.00 to $70.00 and gave the company a "buy" rating in a research report on Friday, May 16th. UBS Group set a $77.00 price objective on Birkenstock and gave the company a "buy" rating in a report on Tuesday, August 5th. BMO Capital Markets increased their target price on Birkenstock from $70.00 to $75.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Robert W. Baird boosted their target price on Birkenstock from $65.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Finally, Evercore ISI upped their price target on Birkenstock from $65.00 to $70.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. One investment analyst has rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company. Based on data from MarketBeat.com, Birkenstock currently has an average rating of "Buy" and a consensus target price of $68.58.

About Birkenstock

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.

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