Interval Partners LP Buys Shares of 238,118 Birkenstock Holding PLC $BIRK

Key Points

• Interval Partners LP acquired a new stake in Birkenstock Holding PLC worth approximately $10.92 million, holding 0.13% of the company's shares.
• Birkenstock has seen significant investment from other firms as well, with institutional investors owning 19.93% of the company, indicating strong interest in its growth.
• Analysts have a consensus Buy rating for Birkenstock, with target prices ranging from $60 to $77, reflecting positive sentiment in the market.

Interval Partners LP bought a new stake in shares of Birkenstock Holding PLC (NYSE:BIRK - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 238,118 shares of the company's stock, valued at approximately $10,918,000. Interval Partners LP owned about 0.13% of Birkenstock at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Wells Fargo & Company MN increased its stake in shares of Birkenstock by 68.2% in the fourth quarter. Wells Fargo & Company MN now owns 2,885 shares of the company's stock worth $163,000 after purchasing an additional 1,170 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Birkenstock in the fourth quarter worth $283,000. Dimensional Fund Advisors LP increased its stake in shares of Birkenstock by 140.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 27,305 shares of the company's stock worth $1,547,000 after purchasing an additional 15,961 shares in the last quarter. Northern Trust Corp increased its stake in shares of Birkenstock by 11.1% in the fourth quarter. Northern Trust Corp now owns 75,027 shares of the company's stock worth $4,251,000 after purchasing an additional 7,498 shares in the last quarter. Finally, Driehaus Capital Management LLC increased its stake in shares of Birkenstock by 83.2% in the fourth quarter. Driehaus Capital Management LLC now owns 239,859 shares of the company's stock worth $13,590,000 after purchasing an additional 108,919 shares in the last quarter. 19.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BIRK. Robert W. Baird raised their target price on shares of Birkenstock from $65.00 to $70.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. UBS Group set a $77.00 target price on shares of Birkenstock and gave the company a "buy" rating in a research note on Tuesday, August 5th. Stifel Nicolaus raised their target price on shares of Birkenstock from $62.00 to $70.00 and gave the company a "buy" rating in a research note on Friday, May 16th. BMO Capital Markets raised their target price on shares of Birkenstock from $70.00 to $75.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $70.00 target price on shares of Birkenstock in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $68.58.

Birkenstock Price Performance

BIRK stock traded down $0.20 during trading on Wednesday, hitting $47.17. 514,420 shares of the company's stock traded hands, compared to its average volume of 1,899,443. Birkenstock Holding PLC has a 52 week low of $40.56 and a 52 week high of $62.66. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.29 and a current ratio of 2.78. The business has a fifty day simple moving average of $49.92 and a 200 day simple moving average of $49.93. The stock has a market capitalization of $8.86 billion, a price-to-earnings ratio of 26.22, a P/E/G ratio of 1.09 and a beta of 1.31.

Birkenstock (NYSE:BIRK - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.03. The firm had revenue of $749.13 million during the quarter, compared to analyst estimates of $641.18 million. Birkenstock had a net margin of 15.21% and a return on equity of 11.52%. The business's revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the business earned $0.40 EPS. Birkenstock has set its FY 2025 guidance at EPS. As a group, research analysts expect that Birkenstock Holding PLC will post 1.77 EPS for the current fiscal year.

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.