OMERS ADMINISTRATION Corp Buys 29,400 Shares of Birkenstock Holding PLC $BIRK

Key Points

• OMERS ADMINISTRATION Corp increased its holdings in Birkenstock Holding PLC by 17.9%, owning a total of 193,700 shares valued at approximately $8.9 million.
• Several other institutional investors have boosted their stakes in Birkenstock, with Prudential PLC notably increasing its position by 101.4%.
• Birkenstock reported better-than-expected quarterly earnings of $0.70 per share, surpassing analyst estimates of $0.67, with a revenue of $749.13 million.

OMERS ADMINISTRATION Corp increased its position in Birkenstock Holding PLC (NYSE:BIRK - Free Report) by 17.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,700 shares of the company's stock after purchasing an additional 29,400 shares during the period. OMERS ADMINISTRATION Corp owned approximately 0.10% of Birkenstock worth $8,881,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BIRK. Signaturefd LLC boosted its stake in Birkenstock by 66.5% in the 1st quarter. Signaturefd LLC now owns 841 shares of the company's stock worth $39,000 after purchasing an additional 336 shares in the last quarter. NewEdge Advisors LLC bought a new position in Birkenstock in the 4th quarter worth about $45,000. Quarry LP boosted its stake in Birkenstock by 120.3% in the 4th quarter. Quarry LP now owns 1,097 shares of the company's stock worth $62,000 after purchasing an additional 599 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Birkenstock by 112.0% in the 4th quarter. JPMorgan Chase & Co. now owns 1,338 shares of the company's stock worth $76,000 after purchasing an additional 707 shares in the last quarter. Finally, CWM LLC boosted its stake in Birkenstock by 34.8% in the 1st quarter. CWM LLC now owns 3,133 shares of the company's stock worth $144,000 after purchasing an additional 809 shares in the last quarter. Institutional investors own 19.93% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on BIRK shares. Telsey Advisory Group reissued an "outperform" rating and issued a $70.00 target price on shares of Birkenstock in a research report on Thursday, August 14th. The Goldman Sachs Group raised Birkenstock from a "neutral" rating to a "buy" rating and set a $60.00 target price for the company in a research report on Thursday, July 24th. William Blair reissued an "outperform" rating on shares of Birkenstock in a research report on Tuesday, June 3rd. BMO Capital Markets boosted their target price on Birkenstock from $70.00 to $75.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Finally, Evercore ISI boosted their target price on Birkenstock from $65.00 to $70.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. One analyst has rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company. Based on data from MarketBeat, Birkenstock presently has a consensus rating of "Buy" and a consensus target price of $68.58.

Birkenstock Stock Performance

Shares of NYSE BIRK traded down $0.30 during midday trading on Monday, hitting $52.15. 1,197,114 shares of the company's stock traded hands, compared to its average volume of 1,905,921. Birkenstock Holding PLC has a 1 year low of $40.56 and a 1 year high of $62.66. The stock has a market capitalization of $9.79 billion, a price-to-earnings ratio of 28.97, a price-to-earnings-growth ratio of 1.16 and a beta of 1.31. 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 firm has a fifty day moving average of $49.91 and a 200 day moving average of $50.12.

Birkenstock (NYSE:BIRK - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.70 EPS for the quarter, beating 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 firm had revenue of $749.13 million during the quarter, compared to analyst estimates of $641.18 million. During the same quarter in the prior year, the firm earned $0.40 EPS. The business'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. On average, analysts forecast that Birkenstock Holding PLC will post 1.77 earnings per share 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.