Handelsbanken Fonder AB Increases Stock Holdings in Birkenstock Holding PLC $BIRK

Handelsbanken Fonder AB boosted its position in Birkenstock Holding PLC (NYSE:BIRK) by 252.5% during the 4th quarter, HoldingsChannel reports. The firm owned 28,200 shares of the company’s stock after purchasing an additional 20,200 shares during the period. Handelsbanken Fonder AB’s holdings in Birkenstock were worth $1,153,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Morse Asset Management Inc purchased a new position in Birkenstock in the third quarter worth about $28,000. Activest Wealth Management boosted its position in Birkenstock by 77,500.0% in the third quarter. Activest Wealth Management now owns 776 shares of the company’s stock worth $35,000 after purchasing an additional 775 shares during the last quarter. Quarry LP boosted its position in Birkenstock by 99.2% in the third 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 position in Birkenstock by 61.0% in the first 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. Finally, Smartleaf Asset Management LLC purchased a new position in Birkenstock in the second quarter worth about $74,000. 19.93% of the stock is owned by hedge funds and other institutional investors.

Birkenstock Stock Up 5.1%

BIRK stock opened at $43.49 on Wednesday. Birkenstock Holding PLC has a twelve month low of $31.12 and a twelve month high of $57.20. The company has a quick ratio of 1.19, a current ratio of 2.95 and a debt-to-equity ratio of 0.45. The stock has a market cap of $8.00 billion, a P/E ratio of 19.64, a PEG ratio of 1.66 and a beta of 1.15. The business’s 50-day moving average price is $37.23 and its 200-day moving average price is $39.60.

Wall Street Analyst Weigh In

Several research analysts have issued reports on BIRK shares. The Goldman Sachs Group reissued a “buy” rating and issued a $52.50 target price on shares of Birkenstock in a research report on Friday, May 22nd. New Street Research set a $47.00 target price on Birkenstock in a research report on Tuesday, January 27th. Zacks Research cut Birkenstock from a “hold” rating to a “strong sell” rating in a research report on Friday, May 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $41.00 price objective on shares of Birkenstock in a research report on Thursday, May 14th. Finally, Stifel Nicolaus set a $51.00 price objective on Birkenstock in a research report on Wednesday, May 13th. Thirteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $53.68.

Birkenstock Company 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.