U S Global Investors Inc. Takes Position in Birkenstock Holding PLC $BIRK

U S Global Investors Inc. bought a new stake in Birkenstock Holding PLC (NYSE:BIRK) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 17,500 shares of the company’s stock, valued at approximately $861,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its stake in shares of Birkenstock by 2,514.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,785 shares of the company’s stock valued at $403,000 after purchasing an additional 8,449 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Birkenstock by 23.3% in the 1st quarter. Bank of New York Mellon Corp now owns 160,030 shares of the company’s stock valued at $7,337,000 after purchasing an additional 30,222 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Birkenstock by 37.6% in the 1st quarter. Principal Financial Group Inc. now owns 746,716 shares of the company’s stock valued at $34,237,000 after purchasing an additional 203,918 shares during the period. AGF Management Ltd. raised its stake in Birkenstock by 79.9% during the first quarter. AGF Management Ltd. now owns 1,179,688 shares of the company’s stock valued at $54,089,000 after buying an additional 523,961 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Birkenstock during the second quarter valued at $320,000. Hedge funds and other institutional investors own 19.93% of the company’s stock.

Birkenstock Stock Down 2.8%

BIRK stock opened at $42.29 on Friday. Birkenstock Holding PLC has a 1-year low of $40.56 and a 1-year high of $62.66. The business has a fifty day moving average price of $48.08 and a 200-day moving average price of $49.71. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.78 and a quick ratio of 1.29. The stock has a market capitalization of $7.94 billion, a P/E ratio of 23.49, a P/E/G ratio of 0.83 and a beta of 1.22.

Birkenstock (NYSE:BIRK) last posted its quarterly earnings results on Thursday, August 14th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.03. Birkenstock had a return on equity of 11.52% and a net margin of 15.21%.The firm had revenue of $749.13 million during the quarter, compared to analysts’ expectations of $641.18 million. During the same quarter in the previous year, the business earned $0.40 earnings per share. The company’s revenue was up 12.4% on a year-over-year basis. Birkenstock has set its FY 2025 guidance at EPS. Equities analysts forecast that Birkenstock Holding PLC will post 1.77 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. lowered their price objective on Birkenstock from $81.00 to $66.00 and set an “overweight” rating for the company in a research note on Friday, September 19th. Telsey Advisory Group reiterated an “outperform” rating and set a $70.00 price objective on shares of Birkenstock in a research note on Friday, September 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Birkenstock in a research note on Wednesday. UBS Group set a $77.00 price objective on Birkenstock and gave the company a “buy” rating in a research note on Tuesday, August 5th. Finally, The Goldman Sachs Group upgraded Birkenstock from a “neutral” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $68.38.

Birkenstock Company Profile

Birkenstock Holding plc manufactures and sells footwear products. It also offers sandals, shoes, closed-toe silhouettes, skincare products, and accessories. The company sells its products through e-commerce sites and a network of owned retail stores, as well as business-to-business channels. It operates in the United States, Brazil, Canada, Mexico, Europe, APMA, and internationally.