Polar Asset Management Partners Inc. Makes New Investment in Birkenstock Holding PLC $BIRK

Polar Asset Management Partners Inc. acquired a new position in shares of Birkenstock Holding PLC (NYSE:BIRK) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 73,400 shares of the company’s stock, valued at approximately $2,630,000.

A number of other large investors have also made changes to their positions in the stock. SummitTX Capital L.P. lifted its stake in shares of Birkenstock by 1,301.0% in the first quarter. SummitTX Capital L.P. now owns 89,368 shares of the company’s stock valued at $3,202,000 after buying an additional 82,989 shares during the period. Rice Hall James & Associates LLC raised its holdings in Birkenstock by 26.5% in the 1st quarter. Rice Hall James & Associates LLC now owns 590,368 shares of the company’s stock valued at $21,153,000 after acquiring an additional 123,791 shares in the last quarter. Entropy Technologies LP acquired a new position in Birkenstock in the 1st quarter valued at approximately $1,075,000. State of Wyoming lifted its position in shares of Birkenstock by 72.9% in the 1st quarter. State of Wyoming now owns 3,250 shares of the company’s stock worth $116,000 after acquiring an additional 1,370 shares during the period. Finally, Militia Capital Management LLC acquired a new stake in shares of Birkenstock during the 1st quarter worth approximately $331,000. Institutional investors and hedge funds own 19.93% of the company’s stock.

Birkenstock Price Performance

NYSE:BIRK opened at $41.52 on Tuesday. 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 firm has a market cap of $7.64 billion, a PE ratio of 18.75, a price-to-earnings-growth ratio of 1.70 and a beta of 1.26. Birkenstock Holding PLC has a 12 month low of $31.12 and a 12 month high of $53.53. The company’s 50-day moving average price is $43.66 and its two-hundred day moving average price is $40.26.

Birkenstock (NYSE:BIRK) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.12). The firm had revenue of $714.40 million for the quarter, compared to analyst estimates of $716.62 million. Birkenstock had a return on equity of 12.95% and a net margin of 16.26%.The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.63 EPS. Birkenstock has set its FY 2026 guidance at 2.220-2.400 EPS. On average, equities analysts anticipate that Birkenstock Holding PLC will post 2.27 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Mehdi Nico Bouyakhf sold 30,000 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $43.50, for a total transaction of $1,305,000.00. Following the sale, the insider directly owned 31,153 shares in the company, valued at $1,355,155.50. This represents a 49.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Wall Street Analyst Weigh In

BIRK has been the subject of a number of recent research reports. Piper Sandler restated an “overweight” rating and issued a $55.00 target price (down from $60.00) on shares of Birkenstock in a research note on Monday, April 27th. The Goldman Sachs Group restated a “buy” rating and issued a $52.50 price objective on shares of Birkenstock in a research note on Friday, May 22nd. Wall Street Zen lowered shares of Birkenstock from a “hold” rating to a “sell” rating in a research report on Sunday, July 5th. Telsey Advisory Group dropped their price target on shares of Birkenstock from $60.00 to $45.00 and set an “outperform” rating for the company in a research report on Thursday, May 14th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $41.00 price target on shares of Birkenstock in a research note on Thursday, May 14th. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $53.57.

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.