Corient Private Wealth LP Invests $3.70 Million in Birkenstock Holding PLC $BIRK

Key Points

• Corient Private Wealth acquired 86,053 Birkenstock shares in the second quarter, valued at approximately $3.70 million. Institutional and hedge-fund investors collectively own 19.93% of the company.
• Analysts remain broadly positive, with 13 Buy ratings and six Hold ratings; Birkenstock has a “Moderate Buy” consensus rating and an average price target of $52.50.
• Birkenstock’s latest quarterly revenue rose 13.3% year over year to $834.65 million, exceeding expectations, although earnings per share of $0.86 narrowly missed estimates. The stock opened at $30.61, near its 12-month low.

Corient Private Wealth LP purchased a new position in shares of Birkenstock Holding PLC (NYSE:BIRK - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 86,053 shares of the company's stock, valued at approximately $3,703,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new position in Birkenstock during the 2nd quarter worth $501,000. Bank of New York Mellon Corp acquired a new stake in shares of Birkenstock in the 2nd quarter worth $4,772,000. Militia Capital Management LLC purchased a new stake in shares of Birkenstock in the first quarter valued at about $331,000. Parallel Advisors LLC boosted 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 acquiring an additional 697 shares in the last quarter. Finally, Arkadios Wealth Advisors acquired a new position in shares of Birkenstock during the first quarter worth about $372,000. 19.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BIRK has been the topic of several recent analyst reports. UBS Group reiterated a "buy" rating on shares of Birkenstock in a research report on Friday, September 11th. William Blair cut Birkenstock from an "outperform" rating to a "market perform" rating and set a $44.00 price target for the company. in a report on Monday, August 3rd. Telsey Advisory Group lifted their price target on Birkenstock from $45.00 to $50.00 and gave the company an "outperform" rating in a research note on Friday, August 14th. Raymond James Financial initiated coverage on Birkenstock in a report on Wednesday, July 1st. They set an "outperform" rating and a $52.00 price objective on the stock. Finally, Wall Street Zen upgraded Birkenstock from a "sell" rating to a "hold" rating in a research report on Sunday, August 23rd. Thirteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Birkenstock has an average rating of "Moderate Buy" and a consensus target price of $52.50.

Birkenstock Price Performance

BIRK stock opened at $30.61 on Monday. The firm has a 50 day moving average of $37.24 and a 200-day moving average of $39.09. The company has a market cap of $5.45 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 1.22 and a beta of 1.28. The company has a current ratio of 3.78, a quick ratio of 2.09 and a debt-to-equity ratio of 0.67. Birkenstock Holding PLC has a 12-month low of $29.93 and a 12-month high of $50.73.

Birkenstock (NYSE:BIRK - Get Free Report) last released 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). Birkenstock had a net margin of 14.82% and a return on equity of 13.36%. The firm had revenue of $834.65 million during the quarter, compared to analysts' expectations of $827.39 million. During the same period in the previous year, the business earned $0.62 earnings per share. The business's revenue for the quarter was up 13.3% on a year-over-year basis. Birkenstock has set its FY 2026 guidance at 2.220-2.400 EPS. As a group, equities analysts expect that Birkenstock Holding PLC will post 2.2 EPS for the current fiscal year.

About Birkenstock

Birkenstock Holding plc is a global footwear company best known for its anatomically shaped cork-latex footbed and distinctive sandals. The company offers a range of footwear, including sandals, shoes, clogs, boots and sneakers, as well as accessories and foot-care products.

Birkenstock traces its roots to 1774, when Johann Adam Birkenstock was listed as a shoemaker in Germany. The company's products are sold through its own retail stores and e-commerce platforms, as well as through independent retailers and distributors.

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