Birkenstock Holding PLC $BIRK Position Cut by Platinum Investment Management Ltd.

Platinum Investment Management Ltd. cut its stake in shares of Birkenstock Holding PLC (NYSE:BIRK) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 247,600 shares of the company’s stock after selling 12,400 shares during the period. Birkenstock accounts for about 2.3% of Platinum Investment Management Ltd.’s portfolio, making the stock its 7th biggest position. Platinum Investment Management Ltd. owned about 0.13% of Birkenstock worth $10,127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BIRK. Morse Asset Management Inc purchased a new stake in Birkenstock during the third quarter valued at approximately $28,000. Quarry LP raised its position in Birkenstock by 99.2% during the third quarter. Quarry LP now owns 988 shares of the company’s stock valued at $45,000 after purchasing an additional 492 shares during the period. GW&K Investment Management LLC raised its position in Birkenstock by 77.4% during the fourth quarter. GW&K Investment Management LLC now owns 1,114 shares of the company’s stock valued at $46,000 after purchasing an additional 486 shares during the period. NewEdge Advisors LLC raised its position 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 period. Finally, Smartleaf Asset Management LLC purchased a new stake in Birkenstock during the second quarter valued at approximately $74,000. 19.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Birkenstock

In other news, insider Mehdi Nico Bouyakhf sold 60,000 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $42.07, for a total transaction of $2,524,200.00. Following the transaction, the insider owned 61,153 shares of the company’s stock, valued at approximately $2,572,706.71. This represents a 49.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Stifel Nicolaus set a $51.00 price objective on Birkenstock in a research report on Wednesday, May 13th. Seaport Research Partners upgraded Birkenstock from a “neutral” rating to a “buy” rating and set a $52.00 price objective on the stock in a research report on Tuesday, April 14th. Zacks Research downgraded Birkenstock from a “hold” rating to a “strong sell” rating in a research report on Friday, May 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $41.00 price objective on shares of Birkenstock in a research report on Thursday, May 14th. Finally, Piper Sandler restated an “overweight” rating and set a $55.00 price objective (down from $60.00) on shares of Birkenstock in a research report on Monday, April 27th. 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 data from MarketBeat.com, Birkenstock currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.68.

Birkenstock Trading Up 5.6%

BIRK opened at $48.82 on Friday. The stock has a market cap of $8.98 billion, a price-to-earnings ratio of 22.05, a P/E/G ratio of 1.93 and a beta of 1.25. The stock’s 50 day moving average price is $39.46 and its 200-day moving average price is $39.99. Birkenstock Holding PLC has a one year low of $31.12 and a one year high of $53.53. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.19 and a current ratio of 2.95.

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.