111 Capital Takes $258,000 Position in Birkenstock Holding PLC $BIRK

111 Capital acquired a new stake in Birkenstock Holding PLC (NYSE:BIRK) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,237 shares of the company’s stock, valued at approximately $258,000.

Other hedge funds have also recently bought and sold shares of the company. Signaturefd LLC lifted its holdings in Birkenstock by 66.5% in the 1st quarter. Signaturefd LLC now owns 841 shares of the company’s stock valued at $39,000 after acquiring an additional 336 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Birkenstock by 34.5% in the 2nd quarter. GAMMA Investing LLC now owns 908 shares of the company’s stock worth $45,000 after purchasing an additional 233 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Birkenstock by 61.0% during the first quarter. NewEdge Advisors LLC now owns 1,288 shares of the company’s stock valued at $59,000 after purchasing an additional 488 shares during the last quarter. CWM LLC lifted its stake in Birkenstock by 34.8% during the first quarter. CWM LLC now owns 3,133 shares of the company’s stock valued at $144,000 after purchasing an additional 809 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in Birkenstock during the first quarter worth approximately $205,000. 19.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Birkenstock in a report on Saturday, September 27th. Telsey Advisory Group restated an “outperform” rating and issued a $70.00 target price on shares of Birkenstock in a report on Friday, September 26th. UBS Group set a $77.00 target price on Birkenstock and gave the stock a “buy” rating in a research report on Tuesday, August 5th. JPMorgan Chase & Co. decreased their price target on Birkenstock from $81.00 to $66.00 and set an “overweight” rating for the company in a research report on Friday, September 19th. Finally, The Goldman Sachs Group raised 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. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $68.38.

Birkenstock Stock Performance

Shares of BIRK stock opened at $45.51 on Tuesday. The company has a market capitalization of $8.55 billion, a price-to-earnings ratio of 25.28, a P/E/G ratio of 0.87 and a beta of 1.22. Birkenstock Holding PLC has a 1-year low of $40.56 and a 1-year high of $62.66. The company has a current ratio of 2.78, a quick ratio of 1.29 and a debt-to-equity ratio of 0.50. The stock’s fifty day simple moving average is $48.66 and its 200-day simple moving average is $49.85.

Birkenstock (NYSE:BIRK) last announced its quarterly earnings data on Thursday, August 14th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.03. The firm had revenue of $749.13 million during 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 business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period last year, the company posted $0.40 EPS. Birkenstock has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Birkenstock Holding PLC will post 1.77 earnings per share for the current fiscal year.

About Birkenstock

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.