Cinctive Capital Management LP Invests $15.52 Million in Birkenstock Holding PLC $BIRK

Cinctive Capital Management LP acquired a new stake in shares of Birkenstock Holding PLC (NYSE:BIRK) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 342,947 shares of the company’s stock, valued at approximately $15,518,000. Birkenstock comprises 0.7% of Cinctive Capital Management LP’s holdings, making the stock its 29th largest position. Cinctive Capital Management LP owned approximately 0.18% of Birkenstock as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Activest Wealth Management increased its stake in Birkenstock by 77,500.0% during the third quarter. Activest Wealth Management now owns 776 shares of the company’s stock valued at $35,000 after acquiring an additional 775 shares during the period. NewEdge Advisors LLC raised its holdings in Birkenstock by 61.0% in the 1st quarter. NewEdge Advisors LLC now owns 1,288 shares of the company’s stock valued at $59,000 after acquiring an additional 488 shares in the last quarter. Smartleaf Asset Management LLC acquired a new position in Birkenstock in the 2nd quarter valued at approximately $74,000. Covestor Ltd raised its holdings in Birkenstock by 1,239.8% in 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 in the last quarter. Finally, California State Teachers Retirement System lifted its position in shares of Birkenstock by 67.3% in the 2nd quarter. California State Teachers Retirement System now owns 3,358 shares of the company’s stock worth $165,000 after acquiring an additional 1,351 shares during the period. Institutional investors own 19.93% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Jefferies Financial Group set a $60.00 price objective on Birkenstock in a report on Thursday, December 18th. Telsey Advisory Group restated an “outperform” rating and issued a $60.00 target price on shares of Birkenstock in a research note on Thursday, February 12th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $59.00 target price on shares of Birkenstock in a research report on Thursday, January 29th. Robert W. Baird decreased their price target on shares of Birkenstock from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday, December 19th. Finally, Deutsche Bank Aktiengesellschaft set a $49.00 price target on shares of Birkenstock in a report on Friday, February 13th. Sixteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Birkenstock currently has a consensus rating of “Moderate Buy” and an average price target of $60.12.

Birkenstock Stock Up 3.6%

NYSE BIRK opened at $37.44 on Friday. Birkenstock Holding PLC has a 1-year low of $35.70 and a 1-year high of $59.50. The company has a market capitalization of $6.89 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 1.42 and a beta of 1.06. The stock’s 50 day moving average is $39.76 and its two-hundred day moving average is $42.39. The company has a current ratio of 3.13, a quick ratio of 1.04 and a debt-to-equity ratio of 0.46.

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

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.