AMF Tjanstepension AB Buys 71,003 Shares of Birkenstock Holding PLC $BIRK

Key Points

• AMF Tjanstepension AB increased its Birkenstock stake by 190.1% in the third quarter, purchasing 71,003 additional shares for a total of 108,362 shares valued at approximately $3.5 million.
• Other institutions also initiated or expanded positions, bringing institutional ownership of Birkenstock to 19.93%.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $51.91. Birkenstock reported 13.3% year-over-year revenue growth, although quarterly EPS of $0.86 fell slightly short of expectations.

AMF Tjanstepension AB increased its stake in shares of Birkenstock Holding PLC (NYSE:BIRK - Free Report) by 190.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,362 shares of the company's stock after buying an additional 71,003 shares during the quarter. AMF Tjanstepension AB owned about 0.06% of Birkenstock worth $3,512,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC bought a new position in Birkenstock in the 3rd quarter worth about $436,000. Vontobel Holding Ltd. acquired a new stake in shares of Birkenstock in the third quarter valued at approximately $905,000. Mather Group LLC. acquired a new stake in shares of Birkenstock in the third quarter valued at approximately $27,000. WINTON GROUP Ltd bought a new stake in shares of Birkenstock during the second quarter valued at approximately $417,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Birkenstock during the second quarter valued at approximately $34,000. 19.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BIRK has been the subject of several analyst reports. Wall Street Zen upgraded Birkenstock from a "sell" rating to a "hold" rating in a research report on Sunday, August 23rd. JPMorgan Chase & Co. increased their price objective on Birkenstock from $49.00 to $58.00 and gave the stock an "overweight" rating in a report on Tuesday, August 4th. Seaport Research Partners cut Birkenstock from a "buy" rating to a "neutral" rating in a research report on Monday, July 20th. BMO Capital Markets initiated coverage on Birkenstock in a research report on Tuesday, September 8th. They issued a "market perform" rating and a $35.00 target price on the stock. Finally, Weiss Ratings downgraded Birkenstock from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, September 22nd. Thirteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $51.91.

Birkenstock Stock Up 4.4%

Shares of BIRK stock opened at $33.75 on Friday. Birkenstock Holding PLC has a 1 year low of $29.93 and a 1 year high of $50.73. The stock has a market cap of $6.00 billion, a PE ratio of 15.82, a price-to-earnings-growth ratio of 1.07 and a beta of 1.30. The business's fifty day moving average is $33.56 and its 200-day moving average is $38.50. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.09 and a current ratio of 3.78.

Birkenstock (NYSE:BIRK - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.02). Birkenstock had a net margin of 14.82% and a return on equity of 13.36%. The firm had revenue of $834.65 million during the quarter, compared to analyst estimates of $827.39 million. During the same quarter last year, the company earned $0.62 EPS. The company's quarterly revenue was up 13.3% compared to the same quarter last year. Birkenstock has set its FY 2026 guidance at 2.220-2.400 EPS. Equities analysts expect that Birkenstock Holding PLC will post 2.19 earnings per share for the current fiscal year.

Birkenstock Profile

Birkenstock Holding plc, which operates the Birkenstock brand, is a German footwear company known for anatomically shaped footbed products designed to provide support and comfort. Its product portfolio includes sandals, shoes, clogs, boots and children's footwear, along with related accessories and care products.

The company traces its roots to 1774, when Johann Adam Birkenstock was listed as a shoemaker in Germany. Birkenstock's distinctive contoured footbed became the foundation of its footwear products and remains central to the brand.

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