1,000,000 Shares in Birkenstock Holding PLC $BIRK Purchased by Swedbank AB

Key Points

• Swedbank AB has acquired a new stake in Birkenstock Holding PLC, buying 1,000,000 shares valued at approximately **$45.85 million**, making up about 0.53% of the company's total shares.
• Several other institutional investors have also increased their stakes in Birkenstock during the first quarter, with notable purchases from **Westfield Capital Management** and **T. Rowe Price**, indicating strong institutional interest in the stock.
• The average price target for Birkenstock shares has been raised by multiple analysts, now ranging from **$70 to $75**, with many giving the stock a rating of **"outperform"** or **"buy."**

Swedbank AB purchased a new stake in Birkenstock Holding PLC (NYSE:BIRK - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,000,000 shares of the company's stock, valued at approximately $45,850,000. Swedbank AB owned approximately 0.53% of Birkenstock as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its stake in Birkenstock by 2,514.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,785 shares of the company's stock valued at $403,000 after purchasing an additional 8,449 shares during the period. Bank of New York Mellon Corp raised its stake in Birkenstock by 23.3% during the 1st quarter. Bank of New York Mellon Corp now owns 160,030 shares of the company's stock valued at $7,337,000 after purchasing an additional 30,222 shares during the period. Principal Financial Group Inc. raised its stake in Birkenstock by 37.6% during the 1st quarter. Principal Financial Group Inc. now owns 746,716 shares of the company's stock valued at $34,237,000 after purchasing an additional 203,918 shares during the period. AGF Management Ltd. raised its stake in Birkenstock by 79.9% during the 1st quarter. AGF Management Ltd. now owns 1,179,688 shares of the company's stock valued at $54,089,000 after purchasing an additional 523,961 shares during the period. Finally, TD Asset Management Inc raised its stake in Birkenstock by 30.8% during the 1st quarter. TD Asset Management Inc now owns 412,572 shares of the company's stock valued at $18,916,000 after purchasing an additional 97,200 shares during the period. 19.93% of the stock is owned by institutional investors and hedge funds.

Birkenstock Stock Performance

BIRK stock traded up $0.22 during mid-day trading on Thursday, reaching $45.86. 747,951 shares of the stock traded hands, compared to its average volume of 1,911,580. The company has a quick ratio of 1.29, a current ratio of 2.78 and a debt-to-equity ratio of 0.50. Birkenstock Holding PLC has a 52 week low of $40.56 and a 52 week high of $62.66. The business has a 50-day moving average of $49.61 and a two-hundred day moving average of $49.77. The firm has a market capitalization of $8.61 billion, a PE ratio of 25.49, a P/E/G ratio of 1.02 and a beta of 1.31.

Birkenstock (NYSE:BIRK - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported $0.70 earnings per share 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 business had revenue of $749.13 million during the quarter, compared to analysts' expectations of $641.18 million. During the same quarter last year, the company earned $0.40 earnings per share. The firm's revenue was up 12.4% on a year-over-year basis. Birkenstock has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Birkenstock Holding PLC will post 1.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on BIRK shares. UBS Group set a $77.00 target price on shares of Birkenstock and gave the company a "buy" rating in a research note on Tuesday, August 5th. William Blair reaffirmed an "outperform" rating on shares of Birkenstock in a research note on Tuesday, June 3rd. The Goldman Sachs Group raised shares of Birkenstock from a "neutral" rating to a "buy" rating and set a $60.00 price target on the stock in a research note on Thursday, July 24th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $70.00 price target on shares of Birkenstock in a research note on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $68.58.

Birkenstock Company 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.