Birkenstock Holding PLC $BIRK Shares Sold by Ghisallo Capital Management LLC

Key Points

• Ghisallo Capital Management cut its Birkenstock (NYSE:BIRK) position by 60.0% in Q3, selling 300,000 shares and retaining 200,000 shares valued at about $9.05 million (≈0.11% ownership).
• Birkenstock reported an earnings beat (Q EPS $0.60 vs $0.40 est; revenue $617.7M vs $521.1M), raised FY2026 EPS guidance to $2.22–$2.40, and carries a consensus analyst rating of "Moderate Buy" with a ~$60.12 target.

Ghisallo Capital Management LLC lowered its stake in Birkenstock Holding PLC (NYSE:BIRK - Free Report) by 60.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 200,000 shares of the company's stock after selling 300,000 shares during the quarter. Ghisallo Capital Management LLC owned about 0.11% of Birkenstock worth $9,050,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Activest Wealth Management increased its position in shares of Birkenstock by 77,500.0% during the third quarter. Activest Wealth Management now owns 776 shares of the company's stock valued at $35,000 after acquiring an additional 775 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Birkenstock by 61.0% in the 1st quarter. NewEdge Advisors LLC now owns 1,288 shares of the company's stock worth $59,000 after acquiring an additional 488 shares during the last quarter. Smartleaf Asset Management LLC purchased a new position in shares of Birkenstock during the 2nd quarter worth approximately $74,000. Covestor Ltd boosted its position in shares of Birkenstock by 1,239.8% during the 3rd quarter. Covestor Ltd now owns 2,894 shares of the company's stock worth $131,000 after purchasing an additional 2,678 shares during the period. Finally, California State Teachers Retirement System increased its holdings in Birkenstock by 67.3% in the 2nd quarter. California State Teachers Retirement System now owns 3,358 shares of the company's stock valued at $165,000 after purchasing an additional 1,351 shares during the last quarter. Hedge funds and other institutional investors own 19.93% of the company's stock.

Birkenstock Stock Performance

Shares of BIRK stock opened at $37.44 on Friday. The firm has a 50 day moving average of $39.76 and a two-hundred day moving average of $42.46. The stock has a market capitalization of $6.89 billion, a PE ratio of 16.39, a P/E/G ratio of 1.37 and a beta of 1.06. The company has a quick ratio of 1.04, a current ratio of 3.13 and a debt-to-equity ratio of 0.46. Birkenstock Holding PLC has a 52 week low of $35.70 and a 52 week high of $59.50.

Birkenstock (NYSE:BIRK - Get Free Report) last posted its quarterly earnings data on Thursday, December 18th. The company reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.20. The business had revenue of $617.67 million for the quarter, compared to analyst estimates of $521.12 million. Birkenstock had a return on equity of 13.41% and a net margin of 17.68%.The company's revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 earnings per share. Birkenstock has set its FY 2026 guidance at 2.220-2.40 EPS. On average, research analysts predict that Birkenstock Holding PLC will post 1.77 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Robert W. Baird cut their target price on Birkenstock from $70.00 to $60.00 and set an "outperform" rating on the stock in a research report on Friday, December 19th. BTIG Research reaffirmed a "buy" rating and issued a $65.00 price objective on shares of Birkenstock in a research note on Thursday, January 29th. Deutsche Bank Aktiengesellschaft set a $49.00 price objective on Birkenstock in a research note on Friday, February 13th. UBS Group reiterated a "buy" rating on shares of Birkenstock in a report on Monday, February 9th. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $59.00 target price on shares of Birkenstock in a research note on Thursday, January 29th. Sixteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $60.12.

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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