Wealth High Governance Capital Ltda Sells 99,001 Shares of Birkenstock Holding PLC $BIRK

Key Points

• Wealth High Governance Capital Ltda sold 99,001 shares of Birkenstock in Q3, trimming its position by 35.5% to 180,000 shares (about $8.145M), where BIRK represents roughly 2.3% of its portfolio and is its 16th largest holding.
• Analysts remain positive on BIRK with a consensus "Moderate Buy" and an average price target of $60.12; the company recently beat quarterly expectations (EPS $0.60 vs. $0.40, revenue $617.7M vs. $521.1M) and set FY2026 guidance of $2.220–2.40 EPS.

Wealth High Governance Capital Ltda cut its holdings in Birkenstock Holding PLC (NYSE:BIRK - Free Report) by 35.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 180,000 shares of the company's stock after selling 99,001 shares during the quarter. Birkenstock accounts for approximately 2.3% of Wealth High Governance Capital Ltda's investment portfolio, making the stock its 16th largest position. Wealth High Governance Capital Ltda owned 0.10% of Birkenstock worth $8,145,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Menora Mivtachim Holdings LTD. lifted its position in Birkenstock by 38.9% during the third quarter. Menora Mivtachim Holdings LTD. now owns 1,071,000 shares of the company's stock valued at $48,463,000 after purchasing an additional 300,000 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Birkenstock in the 3rd quarter worth about $2,995,000. UBS Group AG raised its position in shares of Birkenstock by 8.5% during the 3rd quarter. UBS Group AG now owns 1,004,474 shares of the company's stock valued at $45,452,000 after buying an additional 78,769 shares in the last quarter. Franklin Resources Inc. bought a new position in shares of Birkenstock in the 3rd quarter valued at about $11,430,000. Finally, Magnetar Financial LLC lifted its holdings in shares of Birkenstock by 437.8% in the 3rd quarter. Magnetar Financial LLC now owns 55,842 shares of the company's stock valued at $2,527,000 after acquiring an additional 45,459 shares during the last quarter. Hedge funds and other institutional investors own 19.93% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on BIRK shares. New Street Research set a $47.00 price objective on Birkenstock in a research note on Tuesday, January 27th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $60.00 price objective on shares of Birkenstock in a research note on Thursday, February 12th. BTIG Research reiterated a "buy" rating and issued a $65.00 target price on shares of Birkenstock in a report on Thursday, January 29th. The Goldman Sachs Group restated a "buy" rating and set a $59.00 price target on shares of Birkenstock in a report on Thursday, January 29th. Finally, Stifel Nicolaus lowered their price target on Birkenstock from $66.00 to $58.00 and set a "buy" rating for the company in a research report on Thursday, December 18th. Sixteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $60.12.

Birkenstock Trading Up 1.3%

Shares of NYSE BIRK traded up $0.48 during midday trading on Friday, hitting $36.61. The company's stock had a trading volume of 175,918 shares, compared to its average volume of 2,635,250. Birkenstock Holding PLC has a 12-month low of $35.70 and a 12-month high of $59.50. The company has a current ratio of 3.13, a quick ratio of 1.04 and a debt-to-equity ratio of 0.46. The firm has a market cap of $6.73 billion, a P/E ratio of 16.00, a price-to-earnings-growth ratio of 1.39 and a beta of 1.06. The business's 50 day moving average is $39.84 and its two-hundred day moving average is $42.56.

Birkenstock (NYSE:BIRK - Get Free Report) last posted its quarterly earnings data on Thursday, December 18th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.20. Birkenstock had a return on equity of 13.41% and a net margin of 17.68%.The company had revenue of $617.67 million during the quarter, compared to analysts' expectations of $521.12 million. During the same quarter in the previous year, the business earned $0.29 EPS. Birkenstock's revenue was up 15.5% compared to the same quarter last year. Birkenstock has set its FY 2026 guidance at 2.220-2.40 EPS. As a group, equities research analysts expect that Birkenstock Holding PLC will post 1.77 EPS for the current year.

About Birkenstock

Birkenstock Group AG, listed on the New York Stock Exchange under the symbol BIRK, is a global footwear manufacturer renowned for its anatomically contoured footbeds and iconic sandal designs. The company’s core product lines include classic models such as the Arizona, Boston and Madrid, alongside a range of clogs, shoes and orthotic insoles. In addition to footwear, Birkenstock offers complementary accessories, including socks and leather care products, reinforcing its commitment to foot health and comfort.

Birkenstock reaches consumers through a diversified distribution network that combines direct-to-consumer channels—such as branded retail stores and e-commerce platforms—with wholesale partnerships spanning specialty footwear retailers, department stores and select online marketplaces.

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