BW Gestao de Investimentos Ltda. Sells 53,509 Shares of Birkenstock Holding PLC $BIRK

Key Points

• BW Gestao de Investimentos Ltda. has reduced its holdings in Birkenstock Holding PLC by 13.3%, selling 53,509 shares and currently holding 348,225 shares.
• T. Rowe Price Investment Management increased its shares in Birkenstock by 25.3%, now owning over 5 million shares valued at approximately $236 million.
• Birkenstock's recent earnings report showed an EPS of $0.70, exceeding estimates and resulting in a 12.4% year-over-year revenue growth at $749.13 million.

BW Gestao de Investimentos Ltda. cut its position in shares of Birkenstock Holding PLC (NYSE:BIRK - Free Report) by 13.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 348,225 shares of the company's stock after selling 53,509 shares during the quarter. Birkenstock comprises 0.5% of BW Gestao de Investimentos Ltda.'s portfolio, making the stock its 20th biggest position. BW Gestao de Investimentos Ltda. owned about 0.19% of Birkenstock worth $15,966,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. raised its holdings in shares of Birkenstock by 25.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 5,167,145 shares of the company's stock worth $236,914,000 after purchasing an additional 1,042,891 shares during the period. Westfield Capital Management Co. LP acquired a new stake in Birkenstock in the first quarter worth about $72,108,000. AGF Management Ltd. raised its position in Birkenstock by 79.9% in 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 bought a new stake in Birkenstock in the first quarter worth about $52,385,000. Finally, Millennium Management LLC boosted its stake in shares of Birkenstock by 28.3% during the 4th quarter. Millennium Management LLC now owns 1,016,635 shares of the company's stock worth $57,603,000 after acquiring an additional 224,072 shares in the last quarter. Hedge funds and other institutional investors own 19.93% of the company's stock.

Birkenstock Trading Down 0.7%

Shares of Birkenstock stock traded down $0.37 during trading on Friday, hitting $50.25. 1,183,741 shares of the company were exchanged, compared to its average volume of 1,847,481. The firm has a market capitalization of $9.44 billion, a P/E ratio of 27.92, a price-to-earnings-growth ratio of 1.12 and a beta of 1.31. Birkenstock Holding PLC has a 1-year low of $40.56 and a 1-year high of $62.66. The firm's fifty day moving average price is $49.96 and its 200 day moving average price is $50.00. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.78 and a quick ratio of 1.29.

Birkenstock (NYSE:BIRK - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $749.13 million for the quarter, compared to analysts' expectations of $641.18 million. Birkenstock had a return on equity of 11.52% and a net margin of 15.21%.Birkenstock's revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.40 EPS. Birkenstock has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Birkenstock Holding PLC will post 1.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on BIRK shares. Evercore ISI boosted their price objective on Birkenstock from $65.00 to $70.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. BTIG Research increased their price target on Birkenstock from $70.00 to $72.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Bank of America increased their price target on Birkenstock from $70.00 to $73.00 and gave the company a "buy" rating in a report on Friday, May 16th. Stifel Nicolaus increased their price objective on Birkenstock from $62.00 to $70.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $70.00 target price on shares of Birkenstock in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the stock. According to MarketBeat, Birkenstock currently has a consensus rating of "Buy" and a consensus price target of $68.58.

About Birkenstock

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.