Platinum Investment Management Ltd. lowered its position in Birkenstock Holding PLC (NYSE:BIRK – Free Report) by 4.8% during the 4th quarter, Holdings Channel reports. The firm owned 247,600 shares of the company’s stock after selling 12,400 shares during the quarter. Birkenstock comprises approximately 2.3% of Platinum Investment Management Ltd.’s investment portfolio, making the stock its 7th largest holding. Platinum Investment Management Ltd.’s holdings in Birkenstock were worth $10,127,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of BIRK. Bamco Inc. NY grew its stake in Birkenstock by 41.9% in the third quarter. Bamco Inc. NY now owns 6,353,801 shares of the company’s stock worth $287,509,000 after purchasing an additional 1,876,398 shares in the last quarter. Holocene Advisors LP grew its stake in Birkenstock by 239.3% in the second quarter. Holocene Advisors LP now owns 1,748,348 shares of the company’s stock worth $85,984,000 after purchasing an additional 1,233,085 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Birkenstock by 61.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,093,620 shares of the company’s stock worth $126,534,000 after purchasing an additional 1,181,919 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in Birkenstock in the fourth quarter worth approximately $41,110,000. Finally, Durable Capital Partners LP bought a new position in Birkenstock in the third quarter worth approximately $40,121,000. Institutional investors own 19.93% of the company’s stock.
Insider Activity at Birkenstock
In other news, insider Mehdi Nico Bouyakhf sold 30,000 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $43.50, for a total transaction of $1,305,000.00. Following the completion of the sale, the insider owned 31,153 shares in the company, valued at approximately $1,355,155.50. This represents a 49.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Birkenstock Stock Performance
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the company. Zacks Research cut Birkenstock from a “hold” rating to a “strong sell” rating in a research note on Friday, May 15th. Seaport Research Partners raised Birkenstock from a “neutral” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Tuesday, April 14th. Wall Street Zen lowered Birkenstock from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. Stifel Nicolaus set a $51.00 target price on Birkenstock in a report on Wednesday, May 13th. Finally, Telsey Advisory Group lowered their target price on Birkenstock from $60.00 to $45.00 and set an “outperform” rating for the company in a report on Thursday, May 14th. Twelve investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $53.68.
Read Our Latest Research Report on BIRK
Birkenstock Profile
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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