Dynamic Technology Lab Private Ltd Acquires New Holdings in Birkenstock Holding PLC $BIRK

Key Points

• Dynamic Technology Lab Private Ltd has invested approximately $523,000 in Birkenstock Holding PLC by acquiring 11,411 shares, as reported in its recent filing with the SEC.
• Several other institutional investors have increased their stakes in Birkenstock, reflecting growing interest in the company's performance, which includes a 12.4% year-over-year revenue increase in their latest quarterly earnings.
• Wall Street analysts maintain a positive outlook on Birkenstock, with a consensus target price of $68.58 and a majority rating of "Buy" on the stock.

Dynamic Technology Lab Private Ltd purchased a new position in shares of Birkenstock Holding PLC (NYSE:BIRK - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 11,411 shares of the company's stock, valued at approximately $523,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BIRK. Westfield Capital Management Co. LP acquired a new position in Birkenstock during the 1st quarter worth about $72,108,000. Nuveen LLC bought a new stake in Birkenstock during the 1st quarter worth about $52,385,000. T. Rowe Price Investment Management Inc. raised its holdings in Birkenstock by 25.3% during the 1st 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 last quarter. Alua Capital Management LP bought a new stake in Birkenstock during the 1st quarter worth about $33,723,000. Finally, AGF Management Ltd. raised its holdings in Birkenstock by 79.9% during the 1st quarter. AGF Management Ltd. now owns 1,179,688 shares of the company's stock worth $54,089,000 after purchasing an additional 523,961 shares during the last quarter. Institutional investors and hedge funds own 19.93% of the company's stock.

Birkenstock Trading Down 1.1%

Shares of BIRK stock traded down $0.49 on Tuesday, reaching $45.60. The company had a trading volume of 3,333,016 shares, compared to its average volume of 1,502,158. The company has a current ratio of 2.78, a quick ratio of 1.29 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average of $49.67 and a 200-day moving average of $49.79. Birkenstock Holding PLC has a 12 month low of $40.56 and a 12 month high of $62.66. The stock has a market cap of $8.57 billion, a PE ratio of 25.33, a PEG ratio of 1.03 and a beta of 1.31.

Birkenstock (NYSE:BIRK - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.70 earnings per share (EPS) 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 business had revenue of $749.13 million during the quarter, compared to analyst estimates of $641.18 million. During the same period in the previous year, the firm earned $0.40 EPS. Birkenstock's quarterly revenue was up 12.4% compared to the same quarter last year. Birkenstock has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Birkenstock Holding PLC will post 1.77 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on the company. William Blair reissued an "outperform" rating on shares of Birkenstock in a report on Tuesday, June 3rd. 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. Telsey Advisory Group reissued an "outperform" rating and set a $70.00 price objective on shares of Birkenstock in a report on Thursday, August 14th. UBS Group set a $77.00 price objective on Birkenstock and gave the stock a "buy" rating in a report on Tuesday, August 5th. Finally, The Goldman Sachs Group raised Birkenstock from a "neutral" rating to a "buy" rating and set a $60.00 price objective for the company in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the stock. According to MarketBeat, Birkenstock currently has a consensus rating of "Buy" and a consensus target price of $68.58.

Birkenstock 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.