Squarepoint Ops LLC Has $4.28 Million Position in Birkenstock Holding PLC $BIRK

Key Points

• Squarepoint Ops LLC increased its Birkenstock stake by 438% in the second quarter, holding 99,537 shares worth approximately $4.28 million. Institutional investors and hedge funds collectively own 19.93% of the company.
• Birkenstock’s shares opened at $31.14, near the company’s 52-week low of $30.25 and well below its 52-week high of $50.73. The stock has declined below both its 50-day and 200-day moving averages.
• The company’s latest revenue of $834.65 million exceeded estimates, while EPS of $0.86 narrowly missed expectations. Analysts maintain a “Moderate Buy” consensus with an average price target of $52.50.

Squarepoint Ops LLC grew its stake in Birkenstock Holding PLC (NYSE:BIRK - Free Report) by 438.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 99,537 shares of the company's stock after buying an additional 81,037 shares during the quarter. Squarepoint Ops LLC owned 0.06% of Birkenstock worth $4,283,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Bamco Inc. NY lifted its position in Birkenstock by 25.4% in the 4th quarter. Bamco Inc. NY now owns 7,966,037 shares of the company's stock valued at $325,811,000 after acquiring an additional 1,612,236 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in Birkenstock by 11.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 11,886,454 shares of the company's stock worth $486,156,000 after purchasing an additional 1,264,841 shares in the last quarter. Holocene Advisors LP increased its holdings in Birkenstock by 239.3% during the 2nd quarter. Holocene Advisors LP now owns 1,748,348 shares of the company's stock worth $85,984,000 after purchasing an additional 1,233,085 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Birkenstock by 61.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,093,620 shares of the company's stock valued at $126,534,000 after purchasing an additional 1,181,919 shares during the period. Finally, Durable Capital Partners LP acquired a new stake in shares of Birkenstock in the 3rd quarter valued at about $40,121,000. 19.93% of the stock is currently owned by institutional investors and hedge funds.

Birkenstock Price Performance

Shares of NYSE BIRK opened at $31.14 on Friday. The stock has a market capitalization of $5.54 billion, a price-to-earnings ratio of 14.59, a PEG ratio of 1.24 and a beta of 1.28. The business has a 50-day moving average of $38.71 and a 200-day moving average of $39.44. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.78 and a quick ratio of 2.09. Birkenstock Holding PLC has a fifty-two week low of $30.25 and a fifty-two week high of $50.73.

Birkenstock (NYSE:BIRK - Get Free Report) last released its earnings results on Thursday, August 13th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.02). Birkenstock had a return on equity of 13.36% and a net margin of 14.82%.The company had revenue of $834.65 million for the quarter, compared to the consensus estimate of $827.39 million. During the same quarter in the previous year, the company posted $0.62 EPS. The business's revenue was up 13.3% on a year-over-year basis. Birkenstock has set its FY 2026 guidance at 2.220-2.400 EPS. As a group, sell-side analysts predict that Birkenstock Holding PLC will post 2.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

BIRK has been the topic of a number of research reports. Sanford C. Bernstein restated a "market perform" rating and issued a $55.00 price target (up from $50.00) on shares of Birkenstock in a report on Friday, August 14th. Guggenheim restated a "buy" rating and issued a $55.00 target price on shares of Birkenstock in a research note on Friday. Wall Street Zen raised Birkenstock from a "sell" rating to a "hold" rating in a research report on Sunday, August 23rd. Seaport Research Partners cut shares of Birkenstock from a "buy" rating to a "neutral" rating in a research note on Monday, July 20th. Finally, Raymond James Financial began coverage on shares of Birkenstock in a report on Wednesday, July 1st. They issued an "outperform" rating and a $52.00 price objective on the stock. Thirteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $52.50.

Birkenstock Profile

Birkenstock Holding plc is a global footwear company best known for its anatomically shaped cork-latex footbed and distinctive sandals. The company offers a range of footwear, including sandals, shoes, clogs, boots and sneakers, as well as accessories and foot-care products.

Birkenstock traces its roots to 1774, when Johann Adam Birkenstock was listed as a shoemaker in Germany. The company's products are sold through its own retail stores and e-commerce platforms, as well as through independent retailers and distributors.

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