Kornitzer Capital Management Inc. KS Sells 126,980 Shares of Birkenstock Holding PLC $BIRK

Key Points

• Kornitzer Capital Management cut its stake in Birkenstock by 44.2%, selling 126,980 shares and retaining 160,525 shares valued at about $6.565 million (≈0.09% of the company).
• Goldman Sachs increased its position by 27.8% to 1,074,283 shares (~$49.26 million), and institutional investors now own roughly 19.93% of Birkenstock.
• Analysts give BIRK a consensus "Moderate Buy" rating with an average price target of $59.71, compared with the recent share price of $38.64 and a market cap of $7.11 billion.

Kornitzer Capital Management Inc. KS decreased its stake in shares of Birkenstock Holding PLC (NYSE:BIRK - Free Report) by 44.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 160,525 shares of the company's stock after selling 126,980 shares during the period. Kornitzer Capital Management Inc. KS owned approximately 0.09% of Birkenstock worth $6,565,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in BIRK. Royal Bank of Canada increased its position in shares of Birkenstock by 310.5% during the first quarter. Royal Bank of Canada now owns 15,820 shares of the company's stock worth $725,000 after acquiring an additional 11,966 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Birkenstock by 53.1% during the first quarter. AQR Capital Management LLC now owns 14,954 shares of the company's stock worth $686,000 after acquiring an additional 5,189 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Birkenstock by 61.0% during the first quarter. NewEdge Advisors LLC now owns 1,288 shares of the company's stock worth $59,000 after acquiring an additional 488 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Birkenstock by 27.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,074,283 shares of the company's stock worth $49,256,000 after acquiring an additional 233,672 shares in the last quarter. Finally, Creative Planning bought a new stake in shares of Birkenstock during the second quarter worth $371,000. Institutional investors own 19.93% of the company's stock.

Analyst Ratings Changes

BIRK has been the subject of several research reports. The Goldman Sachs Group reissued a "buy" rating and set a $59.00 price objective on shares of Birkenstock in a research report on Thursday, January 29th. BTIG Research restated a "buy" rating and set a $65.00 target price on shares of Birkenstock in a report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft set a $49.00 target price on shares of Birkenstock in a report on Friday, February 13th. UBS Group restated a "buy" rating on shares of Birkenstock in a report on Monday, February 9th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Birkenstock from $66.00 to $52.00 and set an "overweight" rating for the company in a report on Tuesday, January 20th. Sixteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Birkenstock currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.71.

Birkenstock Stock Performance

Shares of BIRK opened at $38.64 on Friday. Birkenstock Holding PLC has a 12 month low of $33.06 and a 12 month high of $59.50. The firm has a fifty day simple moving average of $37.94 and a 200 day simple moving average of $40.09. The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 1.48 and a beta of 1.16. The company has a current ratio of 3.13, a quick ratio of 1.04 and a debt-to-equity ratio of 0.46.

About Birkenstock

Birkenstock Group AG, listed on the New York Stock Exchange under the symbol BIRK, is a global footwear manufacturer renowned for its anatomically contoured footbeds and iconic sandal designs. The company’s core product lines include classic models such as the Arizona, Boston and Madrid, alongside a range of clogs, shoes and orthotic insoles. In addition to footwear, Birkenstock offers complementary accessories, including socks and leather care products, reinforcing its commitment to foot health and comfort.

Birkenstock reaches consumers through a diversified distribution network that combines direct-to-consumer channels—such as branded retail stores and e-commerce platforms—with wholesale partnerships spanning specialty footwear retailers, department stores and select online marketplaces.

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