Crestwood Capital Management L.P. Sells 67,271 Shares of Birkenstock Holding PLC $BIRK

Crestwood Capital Management L.P. reduced its position in shares of Birkenstock Holding PLC (NYSE:BIRK – Free Report) by 33.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 133,332 shares of the company’s stock after selling 67,271 shares during the period. Birkenstock accounts for about 3.5% of Crestwood Capital Management L.P.’s investment portfolio, making the stock its 10th largest position. Crestwood Capital Management L.P.’s holdings in Birkenstock were worth $5,453,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Morse Asset Management Inc acquired a new stake in shares of Birkenstock during the 3rd quarter worth about $28,000. Quarry LP boosted its stake in shares of Birkenstock by 99.2% during the 3rd quarter. Quarry LP now owns 988 shares of the company’s stock worth $45,000 after purchasing an additional 492 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Birkenstock by 61.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,288 shares of the company’s stock worth $59,000 after purchasing an additional 488 shares during the last quarter. Smartleaf Asset Management LLC acquired a new stake in shares of Birkenstock during the 2nd quarter worth about $74,000. Finally, California State Teachers Retirement System boosted its stake in shares of Birkenstock by 67.3% during the 2nd quarter. California State Teachers Retirement System now owns 3,358 shares of the company’s stock worth $165,000 after purchasing an additional 1,351 shares during the last quarter. 19.93% of the stock is owned by institutional investors and hedge funds.

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Birkenstock Stock Down 0.3%

Shares of NYSE:BIRK opened at $42.20 on Monday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.19 and a current ratio of 2.95. Birkenstock Holding PLC has a 1 year low of $31.12 and a 1 year high of $57.20. The stock has a market capitalization of $7.76 billion, a P/E ratio of 19.06, a PEG ratio of 1.77 and a beta of 1.24. The stock has a 50-day simple moving average of $38.40 and a 200-day simple moving average of $39.81.

Wall Street Analyst Weigh In

Several research firms have commented on BIRK. Wall Street Zen cut Birkenstock from a “hold” rating to a “sell” rating in a report on Saturday. UBS Group reiterated a “buy” rating on shares of Birkenstock in a report on Monday, February 9th. Telsey Advisory Group cut their price objective on shares of Birkenstock from $60.00 to $45.00 and set an “outperform” rating on the stock in a report on Thursday, May 14th. BTIG Research cut their price objective on shares of Birkenstock from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. Finally, Morgan Stanley set a $41.00 price objective on shares of Birkenstock in a report on Thursday, May 14th. Twelve equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Birkenstock has an average rating of “Moderate Buy” and a consensus price target of $53.68.

Read Our Latest Stock Report on BIRK

About Birkenstock

(Free Report)

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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