Roubaix Capital LLC Sells 6,462 Shares of Birkenstock Holding PLC $BIRK

Key Points

• Roubaix Capital LLC reduced its stake in Birkenstock Holding PLC by 7.3% to own 82,353 shares, making Birkenstock 2.0% of its portfolio, valued at approximately $3.78 million.
• Birkenstock's recent earnings report showed an EPS of $0.70, exceeding estimates, with a 12.4% increase in revenue year-over-year, totaling $749.13 million.
• Equity analysts have given Birkenstock a consensus rating of "Buy" with a price target increase from various firms, resulting in an average target of $68.58.

Roubaix Capital LLC trimmed its position in shares of Birkenstock Holding PLC (NYSE:BIRK - Free Report) by 7.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,353 shares of the company's stock after selling 6,462 shares during the period. Birkenstock makes up approximately 2.0% of Roubaix Capital LLC's investment portfolio, making the stock its 24th largest position. Roubaix Capital LLC's holdings in Birkenstock were worth $3,776,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Crestwood Capital Management L.P. grew its stake in Birkenstock by 50.7% during the first quarter. Crestwood Capital Management L.P. now owns 268,103 shares of the company's stock worth $12,293,000 after buying an additional 90,250 shares in the last quarter. Prudential PLC raised its stake in Birkenstock by 101.4% during the first quarter. Prudential PLC now owns 16,010 shares of the company's stock worth $734,000 after acquiring an additional 8,060 shares in the last quarter. AGF Management Ltd. raised its stake in Birkenstock by 79.9% during the first quarter. AGF Management Ltd. now owns 1,179,688 shares of the company's stock worth $54,089,000 after acquiring an additional 523,961 shares in the last quarter. Nuveen LLC acquired a new position in Birkenstock during the first quarter worth about $52,385,000. Finally, Virtu Financial LLC acquired a new position in Birkenstock during the first quarter worth about $205,000. 19.93% of the stock is currently owned by institutional investors and hedge funds.

Birkenstock Trading Up 4.7%

Shares of BIRK stock traded up $2.3860 on Friday, hitting $53.0260. The company had a trading volume of 825,627 shares, compared to its average volume of 1,934,065. The firm has a market cap of $9.96 billion, a P/E ratio of 29.49, a P/E/G ratio of 1.12 and a beta of 1.31. The stock's 50-day moving average is $49.89 and its two-hundred day moving average is $50.36. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.34 and a current ratio of 2.78. Birkenstock Holding PLC has a twelve month low of $40.56 and a twelve month high of $64.78.

Birkenstock (NYSE:BIRK - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $641.18 million. During the same quarter in the prior year, the firm posted $0.40 earnings per share. The business's quarterly revenue was up 12.4% on a year-over-year basis. Birkenstock has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Birkenstock Holding PLC will post 1.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. The Goldman Sachs Group raised Birkenstock from a "neutral" rating to a "buy" rating and set a $60.00 target price for the company in a research note on Thursday, July 24th. 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 note on Friday, May 16th. William Blair reissued an "outperform" rating on shares of Birkenstock in a research note on Tuesday, June 3rd. Evercore ISI lifted 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. Finally, BTIG Research lifted their price target on Birkenstock from $70.00 to $72.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $68.58.

Birkenstock Company Profile

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.