Bank of New York Mellon Corp Purchases Shares of 110,898 Birkenstock Holding PLC $BIRK

Key Points

• Bank of New York Mellon acquired 110,898 Birkenstock shares worth approximately $4.8 million, representing a 0.06% stake. Institutional investors and hedge funds collectively own 19.93% of the company.
• Analysts remain generally positive, with a consensus rating of “Moderate Buy” and an average price target of $53.91; recent targets range from $50 to $60.
• Birkenstock’s shares opened at $34.02, while the company reported 13.3% year-over-year revenue growth but narrowly missed quarterly earnings estimates, posting $0.86 per share versus the expected $0.88.

Bank of New York Mellon Corp acquired a new stake in Birkenstock Holding PLC (NYSE:BIRK - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 110,898 shares of the company's stock, valued at approximately $4,772,000. Bank of New York Mellon Corp owned 0.06% of Birkenstock at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BIRK. Bamco Inc. NY lifted its position in shares of Birkenstock by 25.4% in the fourth quarter. Bamco Inc. NY now owns 7,966,037 shares of the company's stock valued at $325,811,000 after buying an additional 1,612,236 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of Birkenstock by 11.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 11,886,454 shares of the company's stock worth $486,156,000 after acquiring an additional 1,264,841 shares during the last quarter. Holocene Advisors LP increased its holdings in shares of Birkenstock by 239.3% during the 2nd quarter. Holocene Advisors LP now owns 1,748,348 shares of the company's stock worth $85,984,000 after acquiring an additional 1,233,085 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Birkenstock by 61.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,093,620 shares of the company's stock valued at $126,534,000 after acquiring an additional 1,181,919 shares during the period. Finally, Durable Capital Partners LP bought a new stake in Birkenstock in the 3rd quarter valued at $40,121,000. 19.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Birkenstock

In other news, insider Mehdi Bouyakhf sold 30,000 shares of the business's stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $43.50, for a total value of $1,305,000.00. Following the completion of the transaction, the insider directly owned 31,153 shares in the company, valued at approximately $1,355,155.50. The trade was a 49.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Analyst Ratings Changes

Several equities analysts have commented on BIRK shares. Telsey Advisory Group upped their price objective on shares of Birkenstock from $45.00 to $50.00 and gave the company an "outperform" rating in a report on Friday, August 14th. Raymond James Financial started coverage on shares of Birkenstock in a research note on Wednesday, July 1st. They issued an "outperform" rating and a $52.00 price target on the stock. BTIG Research restated a "buy" rating and set a $60.00 price objective on shares of Birkenstock in a research report on Friday, August 14th. Wall Street Zen upgraded Birkenstock from a "sell" rating to a "hold" rating in a report on Sunday, August 23rd. Finally, Stifel Nicolaus set a $51.00 target price on Birkenstock in a research note on Wednesday, May 13th. Thirteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $53.91.

Birkenstock Trading Up 0.2%

Shares of BIRK stock opened at $34.02 on Friday. The stock has a market cap of $6.05 billion, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 1.36 and a beta of 1.28. Birkenstock Holding PLC has a 1 year low of $31.12 and a 1 year high of $51.37. The company has a current ratio of 3.78, a quick ratio of 2.09 and a debt-to-equity ratio of 0.67. The stock has a 50 day simple moving average of $39.96 and a 200 day simple moving average of $39.75.

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). The company had revenue of $834.65 million during the quarter, compared to analyst estimates of $827.39 million. Birkenstock had a net margin of 14.82% and a return on equity of 13.36%. Birkenstock's revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.62 earnings per share. Birkenstock has set its FY 2026 guidance at 2.220-2.400 EPS. On average, research analysts predict that Birkenstock Holding PLC will post 2.2 earnings per share for the current fiscal year.

Birkenstock Company Profile

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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