Unisphere Establishment Has $5.44 Million Position in Birkenstock Holding PLC $BIRK

Key Points

• Unisphere Establishment has reduced its stake in Birkenstock Holding PLC by 12.1%, selling 16,400 shares and holding a total of 118,600 shares valued at approximately $5.44 million.
• Birkenstock reported a net revenue of $749.13 million for the last quarter, surpassing analyst expectations, with an earnings per share of $0.70 compared to the expected $0.67.
• Several analysts have issued upgrades on Birkenstock, with Goldman Sachs increasing its rating to "buy" and setting a price target of $60.00 for the stock.

Unisphere Establishment trimmed its holdings in Birkenstock Holding PLC (NYSE:BIRK - Free Report) by 12.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 118,600 shares of the company's stock after selling 16,400 shares during the period. Unisphere Establishment owned 0.06% of Birkenstock worth $5,438,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC increased its stake in Birkenstock by 66.5% during the 1st quarter. Signaturefd LLC now owns 841 shares of the company's stock worth $39,000 after buying an additional 336 shares during the period. JPMorgan Chase & Co. boosted its stake in Birkenstock by 112.0% in the fourth quarter. JPMorgan Chase & Co. now owns 1,338 shares of the company's stock valued at $76,000 after acquiring an additional 707 shares in the last quarter. CWM LLC grew its position in shares of Birkenstock by 34.8% during the first quarter. CWM LLC now owns 3,133 shares of the company's stock worth $144,000 after acquiring an additional 809 shares during the last quarter. Wells Fargo & Company MN increased its stake in Birkenstock by 68.2% in the fourth quarter. Wells Fargo & Company MN now owns 2,885 shares of the company's stock valued at $163,000 after purchasing an additional 1,170 shares during the period. Finally, Virtu Financial LLC acquired a new position in Birkenstock in the first quarter valued at $205,000. Institutional investors and hedge funds own 19.93% of the company's stock.

Birkenstock Stock Performance

Shares of Birkenstock stock traded down $0.37 during trading hours on Friday, reaching $50.25. The company's stock had a trading volume of 1,183,741 shares, compared to its average volume of 1,847,481. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.29 and a current ratio of 2.78. Birkenstock Holding PLC has a one year low of $40.56 and a one year high of $62.66. The company's 50 day simple moving average is $49.96 and its 200 day simple moving average is $50.03. The stock has a market cap of $9.44 billion, a P/E ratio of 27.92, a price-to-earnings-growth ratio of 1.13 and a beta of 1.31.

Birkenstock (NYSE:BIRK - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.03. The company had revenue of $749.13 million for the quarter, compared to analyst estimates of $641.18 million. Birkenstock had a return on equity of 11.52% and a net margin of 15.21%.The company's quarterly revenue was up 12.4% compared to the same quarter last year. During the same period last year, the company earned $0.40 earnings per share. Birkenstock has set its FY 2025 guidance at EPS. As a group, analysts expect that Birkenstock Holding PLC will post 1.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BIRK has been the subject of several recent analyst reports. UBS Group set a $77.00 target price on shares of Birkenstock and gave the stock a "buy" rating in a research note on Tuesday, August 5th. The Goldman Sachs Group raised Birkenstock from a "neutral" rating to a "buy" rating and set a $60.00 price target for the company in a research note on Thursday, July 24th. Evercore ISI raised their target price on shares of Birkenstock from $65.00 to $70.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Stifel Nicolaus upped their target price on Birkenstock from $62.00 to $70.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Finally, BTIG Research upped their target price on Birkenstock from $70.00 to $72.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price 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.