Azzad Asset Management Inc. ADV increased its holdings in shares of Birkenstock Holding PLC (NYSE:BIRK – Free Report) by 94.2% during the third quarter, Holdings Channel.com reports. The fund owned 56,754 shares of the company’s stock after buying an additional 27,531 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Birkenstock were worth $2,568,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its position in Birkenstock by 30.7% during the third quarter. Smartleaf Asset Management LLC now owns 1,951 shares of the company’s stock worth $87,000 after purchasing an additional 458 shares in the last quarter. Ranger Investment Management L.P. raised its stake in shares of Birkenstock by 66.4% during the 3rd quarter. Ranger Investment Management L.P. now owns 320,345 shares of the company’s stock worth $14,496,000 after buying an additional 127,845 shares during the period. Optimize Financial Inc purchased a new position in shares of Birkenstock during the 3rd quarter valued at approximately $536,000. AGF Management Ltd. grew its stake in Birkenstock by 2.5% in the 3rd quarter. AGF Management Ltd. now owns 2,089,320 shares of the company’s stock valued at $94,542,000 after acquiring an additional 51,110 shares during the period. Finally, Activest Wealth Management increased its holdings in Birkenstock by 77,500.0% in the 3rd quarter. Activest Wealth Management now owns 776 shares of the company’s stock worth $35,000 after acquiring an additional 775 shares in the last quarter. Institutional investors and hedge funds own 19.93% of the company’s stock.
Birkenstock Trading Up 3.1%
Shares of Birkenstock stock opened at $38.43 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.81 and a quick ratio of 1.26. The stock’s 50 day simple moving average is $41.53 and its 200-day simple moving average is $44.22. The stock has a market cap of $7.07 billion, a P/E ratio of 18.39, a P/E/G ratio of 1.48 and a beta of 1.19. Birkenstock Holding PLC has a 1-year low of $36.44 and a 1-year high of $59.50.
Analyst Ratings Changes
BIRK has been the topic of several recent analyst reports. Sanford C. Bernstein decreased their price objective on shares of Birkenstock from $55.00 to $50.00 and set a “market perform” rating on the stock in a report on Thursday, January 15th. UBS Group restated a “buy” rating on shares of Birkenstock in a research report on Friday, December 19th. Morgan Stanley reaffirmed a “positive” rating and issued a $47.00 price target on shares of Birkenstock in a research note on Tuesday, January 27th. Guggenheim reiterated a “buy” rating and set a $60.00 price objective on shares of Birkenstock in a research note on Friday, December 19th. Finally, Williams Trading upgraded Birkenstock to a “hold” rating in a research report on Friday, December 19th. Sixteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $60.18.
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.
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