Lecap Asset Management Ltd. Sells 17,948 Shares of Birkenstock Holding PLC $BIRK

Key Points

• Lecap Asset Management Ltd. reduced its stake in Birkenstock Holding PLC by 41.2%, selling 17,948 shares and retaining 25,566 shares worth approximately $1.26 million as of the end of the most recent quarter.
• Birkenstock's stock price opened at $46.22, with a 52-week range between $40.56 and $62.66, and the company reported a 12.4% year-over-year revenue increase in its latest quarterly earnings.
• Several institutional investors increased their stakes in Birkenstock, with UBS AM growing its holdings by 170.3% and GAMMA Investing raising its position by 3,914.1% during recent quarters.

Lecap Asset Management Ltd. lessened its stake in shares of Birkenstock Holding PLC (NYSE:BIRK - Free Report) by 41.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,566 shares of the company's stock after selling 17,948 shares during the period. Lecap Asset Management Ltd.'s holdings in Birkenstock were worth $1,257,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BIRK. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Birkenstock by 170.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 72,538 shares of the company's stock worth $4,110,000 after purchasing an additional 45,700 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Birkenstock by 3,914.1% during the 1st quarter. GAMMA Investing LLC now owns 30,949 shares of the company's stock worth $1,419,000 after purchasing an additional 30,178 shares during the last quarter. Rhumbline Advisers raised its position in shares of Birkenstock by 5.9% during the 1st quarter. Rhumbline Advisers now owns 31,957 shares of the company's stock worth $1,465,000 after purchasing an additional 1,776 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in Birkenstock during the 1st quarter valued at about $4,291,000. Finally, Handelsbanken Fonder AB grew its stake in shares of Birkenstock by 118.8% in the 1st quarter. Handelsbanken Fonder AB now owns 15,100 shares of the company's stock valued at $692,000 after buying an additional 8,200 shares during the period. 19.93% of the stock is owned by hedge funds and other institutional investors.

Birkenstock Stock Up 2.1%

Shares of NYSE:BIRK opened at $46.22 on Thursday. 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 company's fifty day moving average is $49.02 and its 200-day moving average is $49.76. The company has a market capitalization of $8.68 billion, a PE ratio of 25.68, a P/E/G ratio of 1.02 and a beta of 1.23.

Birkenstock (NYSE:BIRK - Get Free Report) last issued its quarterly 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 business had revenue of $749.13 million for the quarter, compared to the consensus estimate of $641.18 million. Birkenstock had a net margin of 15.21% and a return on equity of 11.52%. The firm's quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.40 EPS. Birkenstock has set its FY 2025 guidance at EPS. Equities research analysts predict that Birkenstock Holding PLC will post 1.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on BIRK. The Goldman Sachs Group raised shares of Birkenstock from a "neutral" rating to a "buy" rating and set a $60.00 price target for the company in a research report on Thursday, July 24th. UBS Group set a $77.00 price objective on shares of Birkenstock and gave the company a "buy" rating in a research note on Tuesday, August 5th. Telsey Advisory Group reissued an "outperform" rating and set a $70.00 price objective on shares of Birkenstock in a report on Friday, September 26th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Birkenstock from $81.00 to $66.00 and set an "overweight" rating on the stock in a report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $68.38.

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.

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