Birkenstock Holding PLC $BIRK Shares Acquired by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in Birkenstock Holding PLC by 23.0%, acquiring an additional 6,720 shares and totaling 35,973 shares valued at approximately $1.65 million.
• Several institutional investors have also raised their positions in Birkenstock, with JPMorgan Chase & Co. boosting its holdings by 112.0% during the fourth quarter.
• Birkenstock reported a quarterly EPS of $0.70, exceeding analyst expectations, with revenues up 12.4% year-over-year at $749.13 million.

Invesco Ltd. grew its holdings in shares of Birkenstock Holding PLC (NYSE:BIRK - Free Report) by 23.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,973 shares of the company's stock after purchasing an additional 6,720 shares during the period. Invesco Ltd.'s holdings in Birkenstock were worth $1,649,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BIRK. Westfield Capital Management Co. LP purchased a new stake in shares of Birkenstock during the 1st quarter valued at $72,108,000. LBP AM SA acquired a new position in shares of Birkenstock in the 1st quarter valued at $23,658,000. AXA S.A. acquired a new stake in Birkenstock during the 4th quarter worth about $29,050,000. ThornTree Capital Partners LP acquired a new stake in Birkenstock during the 4th quarter worth about $19,506,000. Finally, Bamco Inc. NY grew its position in shares of Birkenstock by 8.3% during the 4th quarter. Bamco Inc. NY now owns 3,359,351 shares of the company's stock valued at $190,341,000 after acquiring an additional 256,844 shares during the period. Hedge funds and other institutional investors own 19.93% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Evercore ISI raised their price target on shares of Birkenstock from $65.00 to $70.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Robert W. Baird boosted their price target on shares of Birkenstock from $65.00 to $70.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $70.00 price objective on shares of Birkenstock in a research report on Thursday, August 14th. BTIG Research boosted their price target on shares of Birkenstock from $70.00 to $72.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Finally, UBS Group set a $77.00 target price on shares of Birkenstock and gave the company a "buy" rating in a report on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $68.58.

Birkenstock Price Performance

BIRK traded down $0.37 on Friday, hitting $50.25. 1,183,741 shares of the company were exchanged, compared to its average volume of 1,847,481. 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's fifty day moving average is $49.96 and its 200 day moving average is $50.03. Birkenstock Holding PLC has a fifty-two week low of $40.56 and a fifty-two week high of $62.66. The firm has a market capitalization of $9.44 billion, a P/E ratio of 27.92, a price-to-earnings-growth ratio of 1.13 and a beta of 1.31.

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