Westfield Capital Management Co. LP Has $79.95 Million Stock Position in Birkenstock Holding PLC $BIRK

Westfield Capital Management Co. LP trimmed its position in Birkenstock Holding PLC (NYSE:BIRK) by 13.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,954,801 shares of the company’s stock after selling 299,692 shares during the period. Westfield Capital Management Co. LP’s holdings in Birkenstock were worth $79,951,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Ranger Investment Management L.P. lifted its stake in shares of Birkenstock by 66.4% in the third 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 last quarter. Principal Financial Group Inc. raised its stake in Birkenstock by 22.5% during the 4th quarter. Principal Financial Group Inc. now owns 925,061 shares of the company’s stock valued at $37,835,000 after purchasing an additional 170,034 shares during the last quarter. Artisan Partners Limited Partnership raised its stake in Birkenstock by 15.0% during the 3rd quarter. Artisan Partners Limited Partnership now owns 887,432 shares of the company’s stock valued at $40,156,000 after purchasing an additional 115,911 shares during the last quarter. Azzad Asset Management Inc. ADV raised its stake in Birkenstock by 94.2% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 56,754 shares of the company’s stock valued at $2,568,000 after purchasing an additional 27,531 shares during the last quarter. Finally, Tabor Asset Management LP acquired a new position in Birkenstock during the 3rd quarter valued at $2,327,000. 19.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $41.00 target price on shares of Birkenstock in a research note on Thursday, May 14th. The Goldman Sachs Group restated a “buy” rating and set a $52.50 price objective on shares of Birkenstock in a research report on Friday, May 22nd. UBS Group restated a “buy” rating on shares of Birkenstock in a research note on Monday, February 9th. Stifel Nicolaus set a $51.00 target price on Birkenstock in a research note on Wednesday, May 13th. Finally, Telsey Advisory Group dropped their price objective on shares of Birkenstock from $60.00 to $45.00 and set an “outperform” rating for the company in a research note on Thursday, May 14th. Twelve equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $53.68.

Birkenstock Trading Up 1.6%

Shares of BIRK stock opened at $42.89 on Friday. Birkenstock Holding PLC has a 52-week low of $31.12 and a 52-week high of $57.20. The stock has a market cap of $7.89 billion, a price-to-earnings ratio of 19.37, a P/E/G ratio of 1.77 and a beta of 1.25. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.19 and a current ratio of 2.95. The firm has a fifty day moving average of $38.29 and a 200-day moving average of $39.79.

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.