New York State Common Retirement Fund Increases Holdings in Birkenstock Holding PLC $BIRK

New York State Common Retirement Fund raised its position in shares of Birkenstock Holding PLC (NYSE:BIRK) by 26.3% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 154,178 shares of the company’s stock after purchasing an additional 32,130 shares during the quarter. New York State Common Retirement Fund owned 0.08% of Birkenstock worth $6,977,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in BIRK. Federated Hermes Inc. increased its holdings in shares of Birkenstock by 4.4% in the 3rd quarter. Federated Hermes Inc. now owns 1,391,150 shares of the company’s stock worth $62,950,000 after purchasing an additional 59,223 shares in the last quarter. Truist Financial Corp purchased a new stake in shares of Birkenstock during the third quarter valued at $602,000. Kornitzer Capital Management Inc. KS increased its holdings in Birkenstock by 12.1% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 287,505 shares of the company’s stock worth $13,010,000 after buying an additional 30,930 shares in the last quarter. Keynote Financial Services LLC purchased a new position in Birkenstock in the 3rd quarter worth about $519,000. Finally, Covestor Ltd lifted its stake in Birkenstock by 1,239.8% during the 3rd quarter. Covestor Ltd now owns 2,894 shares of the company’s stock valued at $131,000 after acquiring an additional 2,678 shares during the period. Hedge funds and other institutional investors own 19.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on BIRK shares. Robert W. Baird dropped their target price on shares of Birkenstock from $70.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday, December 19th. Deutsche Bank Aktiengesellschaft set a $50.00 price target on Birkenstock in a research note on Thursday, January 8th. Sanford C. Bernstein reduced their price objective on Birkenstock from $55.00 to $50.00 and set a “market perform” rating for the company in a research report on Thursday, January 15th. Jefferies Financial Group set a $60.00 target price on Birkenstock in a research report on Thursday, December 18th. Finally, BTIG Research reaffirmed a “buy” rating and set a $65.00 price target on shares of Birkenstock in a research report on Thursday, January 29th. Sixteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $60.18.

Birkenstock Trading Up 2.5%

BIRK stock opened at $38.44 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.81 and a quick ratio of 1.26. Birkenstock Holding PLC has a 1-year low of $36.44 and a 1-year high of $59.50. The business has a 50 day simple moving average of $41.75 and a two-hundred day simple moving average of $44.43. The company has a market capitalization of $7.07 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 1.47 and a beta of 1.19.

Birkenstock (NYSE:BIRK) last announced its quarterly earnings results on Thursday, December 18th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.40 by $0.20. Birkenstock had a net margin of 16.70% and a return on equity of 13.02%. The business had revenue of $617.67 million for the quarter, compared to analysts’ expectations of $521.12 million. During the same quarter in the previous year, the company earned $0.29 EPS. The business’s quarterly 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. Research analysts anticipate that Birkenstock Holding PLC will post 1.77 EPS for the current fiscal year.

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.