Birkenstock Holding PLC $BIRK Shares Sold by Crestwood Capital Management L.P.

Crestwood Capital Management L.P. cut its stake in shares of Birkenstock Holding PLC (NYSE:BIRK) by 33.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 133,332 shares of the company’s stock after selling 67,271 shares during the quarter. Birkenstock accounts for approximately 3.5% of Crestwood Capital Management L.P.’s holdings, making the stock its 10th biggest position. Crestwood Capital Management L.P. owned approximately 0.07% of Birkenstock worth $5,453,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Morse Asset Management Inc acquired a new stake in Birkenstock in the third quarter valued at $28,000. Quarry LP lifted its holdings in Birkenstock by 99.2% in the third quarter. Quarry LP now owns 988 shares of the company’s stock valued at $45,000 after acquiring an additional 492 shares during the period. NewEdge Advisors LLC lifted its holdings in Birkenstock by 61.0% in the first quarter. NewEdge Advisors LLC now owns 1,288 shares of the company’s stock valued at $59,000 after acquiring an additional 488 shares during the period. Smartleaf Asset Management LLC acquired a new stake in Birkenstock in the second quarter valued at $74,000. Finally, California State Teachers Retirement System lifted its holdings in Birkenstock by 67.3% in the second quarter. California State Teachers Retirement System now owns 3,358 shares of the company’s stock valued at $165,000 after acquiring an additional 1,351 shares during the period. Institutional investors and hedge funds own 19.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on BIRK shares. Wall Street Zen downgraded Birkenstock from a “hold” rating to a “sell” rating in a report on Saturday. Piper Sandler reissued an “overweight” rating and issued a $55.00 target price (down from $60.00) on shares of Birkenstock in a report on Monday, April 27th. Zacks Research downgraded Birkenstock from a “hold” rating to a “strong sell” rating in a report on Friday, May 15th. Telsey Advisory Group reduced 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. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $52.50 target price on shares of Birkenstock in a report on Friday, May 22nd. Twelve research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Birkenstock currently has an average rating of “Moderate Buy” and an average target price of $53.68.

Birkenstock Trading Down 0.3%

Shares of BIRK stock opened at $42.20 on Monday. Birkenstock Holding PLC has a fifty-two week low of $31.12 and a fifty-two week high of $57.20. The stock has a market cap of $7.76 billion, a P/E ratio of 19.06, a P/E/G ratio of 1.77 and a beta of 1.24. The business has a fifty day simple moving average of $38.40 and a 200-day simple moving average of $39.81. The company has a quick ratio of 1.19, a current ratio of 2.95 and a debt-to-equity ratio of 0.45.

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.