Magnetar Financial LLC Acquires 45,459 Shares of Birkenstock Holding PLC $BIRK

Magnetar Financial LLC lifted its stake in Birkenstock Holding PLC (NYSE:BIRK) by 437.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,842 shares of the company’s stock after buying an additional 45,459 shares during the period. Magnetar Financial LLC’s holdings in Birkenstock were worth $2,527,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of BIRK. Balyasny Asset Management L.P. lifted its holdings in shares of Birkenstock by 214.3% during the second quarter. Balyasny Asset Management L.P. now owns 2,991,187 shares of the company’s stock valued at $147,107,000 after acquiring an additional 2,039,623 shares during the period. Norges Bank bought a new stake in shares of Birkenstock in the 2nd quarter worth about $62,097,000. Holocene Advisors LP increased its position in shares of Birkenstock by 239.3% during the 2nd quarter. Holocene Advisors LP now owns 1,748,348 shares of the company’s stock worth $85,984,000 after purchasing an additional 1,233,085 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Birkenstock by 76.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,911,701 shares of the company’s stock valued at $86,496,000 after purchasing an additional 829,341 shares during the last quarter. Finally, Menora Mivtachim Holdings LTD. acquired a new position in Birkenstock in the second quarter valued at about $37,918,000. Institutional investors and hedge funds own 19.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of Birkenstock from $66.00 to $52.00 and set an “overweight” rating for the company in a research note on Tuesday, January 20th. New Street Research set a $47.00 price target on Birkenstock in a research report on Tuesday, January 27th. BTIG Research reiterated a “buy” rating and issued a $65.00 price objective on shares of Birkenstock in a research report on Thursday, January 29th. Morgan Stanley reissued a “positive” rating and issued a $47.00 price objective on shares of Birkenstock in a research note on Tuesday, January 27th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $59.00 target price on shares of Birkenstock in a report on Thursday, January 29th. Sixteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Birkenstock presently has an average rating of “Moderate Buy” and a consensus price target of $60.12.

Birkenstock Price Performance

Birkenstock stock opened at $36.21 on Friday. The stock has a market cap of $6.66 billion, a price-to-earnings ratio of 15.85, a P/E/G ratio of 1.39 and a beta of 1.06. Birkenstock Holding PLC has a 12-month low of $35.70 and a 12-month high of $59.50. The company has a quick ratio of 1.04, a current ratio of 3.13 and a debt-to-equity ratio of 0.46. The business’s 50-day simple moving average is $39.84 and its 200 day simple moving average is $42.56.

Birkenstock (NYSE:BIRK) last released its earnings results on Thursday, December 18th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.20. Birkenstock had a net margin of 17.68% and a return on equity of 13.41%. The company had revenue of $617.67 million for the quarter, compared to the consensus estimate of $521.12 million. During the same period in the prior year, the company posted $0.29 EPS. The company’s revenue was up 15.5% compared to the same quarter last year. Birkenstock has set its FY 2026 guidance at 2.220-2.40 EPS. As a group, research analysts anticipate that Birkenstock Holding PLC will post 1.77 earnings per share for the current year.

Birkenstock Company 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.