Bank of America Corp DE Has $27.42 Million Position in Birkenstock Holding PLC $BIRK

Key Points

• Bank of America cut its Birkenstock position by 46.5% in the first quarter, selling 666,191 shares and retaining 765,230 shares valued at approximately $27.4 million.
• Birkenstock shares opened at $39.34, below the analyst consensus target of $53.91. Despite some downgrades and valuation concerns, the stock maintains a “Moderate Buy” consensus, with 13 Buy, four Hold and one Sell rating.
• Fiscal third-quarter revenue increased 13.3% year over year to about $821 million, prompting management to raise full-year revenue guidance to roughly $2.8 billion; however, quarterly EPS narrowly missed estimates.

Bank of America Corp DE lessened its position in Birkenstock Holding PLC (NYSE:BIRK - Free Report) by 46.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 765,230 shares of the company's stock after selling 666,191 shares during the period. Bank of America Corp DE owned about 0.42% of Birkenstock worth $27,418,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Morse Asset Management Inc acquired a new position in Birkenstock during the third quarter worth approximately $28,000. Parallel Advisors LLC increased its holdings in shares of Birkenstock by 1,161.7% in the first quarter. Parallel Advisors LLC now owns 757 shares of the company's stock valued at $27,000 after purchasing an additional 697 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Birkenstock by 125.9% in the first quarter. EverSource Wealth Advisors LLC now owns 768 shares of the company's stock valued at $28,000 after purchasing an additional 428 shares during the last quarter. Quarry LP raised its position in shares of Birkenstock by 99.2% in the third quarter. Quarry LP now owns 988 shares of the company's stock valued at $45,000 after purchasing an additional 492 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in shares of Birkenstock in the fourth quarter valued at about $42,000. 19.93% of the stock is currently owned by institutional investors and hedge funds.

Birkenstock Trading Down 0.0%

Shares of Birkenstock stock opened at $39.34 on Monday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.09 and a current ratio of 3.78. The firm has a 50-day moving average of $43.04 and a 200-day moving average of $40.09. Birkenstock Holding PLC has a 52-week low of $31.12 and a 52-week high of $53.53. The stock has a market cap of $7.23 billion, a PE ratio of 18.43, a PEG ratio of 1.58 and a beta of 1.30.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Zacks Research downgraded shares of Birkenstock from a "hold" rating to a "strong sell" rating in a report on Monday, August 3rd. Piper Sandler reissued an "overweight" rating and issued a $55.00 price target (down from $60.00) on shares of Birkenstock in a report on Monday, April 27th. Sanford C. Bernstein restated a "market perform" rating and set a $55.00 price objective (up from $50.00) on shares of Birkenstock in a research report on Friday. BTIG Research restated a "buy" rating and set a $60.00 price objective on shares of Birkenstock in a research report on Friday. Finally, Wall Street Zen cut Birkenstock from a "hold" rating to a "sell" rating in a report on Saturday. Thirteen equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $53.91.

Birkenstock News Roundup

Here are the key news stories impacting Birkenstock this week:

• Positive Sentiment: Fiscal Q3 revenue rose 13.3% year over year to approximately $821 million, exceeding consensus expectations. Growth was 15% on a constant-currency basis and was led by direct-to-consumer sales, new styles and continued pricing power. Birkenstock fiscal third-quarter results
• Positive Sentiment: Management raised its full-year revenue-growth outlook, citing resilient full-price demand from affluent consumers and strong sandal sales. Revenue guidance of roughly $2.8 billion is above the approximately $2.7 billion analyst consensus. Birkenstock raises annual revenue forecast
• Positive Sentiment: Guggenheim and BTIG Research reaffirmed “buy” ratings and maintained $60 price targets, implying substantial upside from the recent trading level. Analyst rating updates
• Neutral Sentiment: Birkenstock is expanding beyond its traditional clog and sandal offerings, with CEO Oliver Reichert highlighting global demand for ballet-inspired products, including ballerinas and Mary Jane styles. This could broaden the customer base, though the financial contribution remains unproven. Birkenstock expands into ballet fashion
• Negative Sentiment: Quarterly EPS of about $0.85–$0.86 narrowly missed consensus estimates of $0.86–$0.87. Fiscal-year EPS guidance of $2.22–$2.40 also brackets, but does not clearly exceed, the $2.27 consensus estimate. Birkenstock earnings miss
• Negative Sentiment: After a sharp post-earnings advance, some investors appear to be taking profits. Analysts also caution that, despite accelerating DTC growth, the shares may not offer the most attractive risk-reward at current valuation levels. Birkenstock valuation analysis

Insider Activity

In other Birkenstock news, insider Mehdi Nico Bouyakhf sold 60,000 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $42.07, for a total transaction of $2,524,200.00. Following the transaction, the insider owned 61,153 shares in the company, valued at $2,572,706.71. This represents a 49.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

About Birkenstock

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.

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