Key Points
- Insider selling: Mehdi Nico Bouyakhf sold 30,000 shares of Birkenstock on June 8 at an average price of $43.50, totaling about $1.31 million. The sale cut his position by about 49%, and he had also sold 60,000 shares on June 5.
- Stock moved higher: Birkenstock shares were up 3.5% and opened at $45.18 on Wednesday. The stock has traded between $31.12 and $57.20 over the past 52 weeks.
- Analyst sentiment remains positive overall: Despite some downgrades, the stock still carries a Moderate Buy consensus rating with a $53.68 target price. Twelve analysts rate it a Buy, three a Hold, and one a Sell.
Birkenstock Holding PLC (NYSE:BIRK - Get Free Report) insider Mehdi Nico Bouyakhf sold 30,000 shares of the company's stock in a transaction dated 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 completion of the sale, the insider 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 can be accessed through this hyperlink.
Mehdi Nico Bouyakhf also recently made the following trade(s):
- On Friday, June 5th, Mehdi Nico Bouyakhf sold 60,000 shares of Birkenstock stock. The stock was sold at an average price of $42.07, for a total transaction of $2,524,200.00.
Birkenstock Trading Up 3.5%
BIRK opened at $45.18 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.95 and a quick ratio of 1.19. Birkenstock Holding PLC has a fifty-two week low of $31.12 and a fifty-two week high of $57.20. The firm has a market capitalization of $8.31 billion, a PE ratio of 20.41, a P/E/G ratio of 1.83 and a beta of 1.25. The company's 50-day moving average is $38.79 and its 200 day moving average is $39.87.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC grew its position in shares of Birkenstock by 7.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,174 shares of the company's stock valued at $221,000 after acquiring an additional 348 shares during the period. State Board of Administration of Florida Retirement System grew its position in shares of Birkenstock by 9.0% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 5,110 shares of the company's stock valued at $209,000 after acquiring an additional 420 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Birkenstock by 125.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 768 shares of the company's stock valued at $28,000 after acquiring an additional 428 shares during the period. Illinois Municipal Retirement Fund grew its position in shares of Birkenstock by 1.3% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 35,968 shares of the company's stock valued at $1,628,000 after acquiring an additional 448 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in shares of Birkenstock by 30.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,951 shares of the company's stock valued at $87,000 after acquiring an additional 458 shares during the period. 19.93% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $52.50 price objective on shares of Birkenstock in a research report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $41.00 price objective on shares of Birkenstock in a research report on Thursday, May 14th. Zacks Research downgraded shares of Birkenstock from a "hold" rating to a "strong sell" rating in a research report on Friday, May 15th. Wall Street Zen downgraded shares of Birkenstock from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, Morgan Stanley set a $41.00 price objective on shares of Birkenstock in a research report on Thursday, May 14th. Twelve analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $53.68.
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Birkenstock Company Profile
(
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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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