Birkenstock (BIRK)

• Market cap: $11.3B
• 1 day: 4.88%
• 5 days: 10.18%
• 1 month: 30.65%
• 3 months: 26.28%
• 6 months: -1.21%
• Year to date: 27.48%
• 1 year: 26.49%
• 5 years: 50.25%
• 10 years: 50.25%

About: Birkenstock Holding PLC is a company that manufactures and sells footbed-based products, including sandals, closed-toe silhouettes, and other products, such as skincare and accessories, for everyday, leisure, and work. It sells its products through two main channels: business-to-business (B2B) which comprises sales made to established third-party store networks, and direct-to-consumer (DTC) which comprises sales made on globally owned online stores through the Birkenstock.com domain and sales made in Birkenstock retail stores. The company's reportable segments are based on its regional hubs and include: the Americas which is also its key revenue-generating segment; Europe; and Australia, Japan, India, China, and the United Arab Emirates (APMA).

Employees: 7,400

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

267% more call options, than puts

Call options by funds: $108M | Put options by funds: $29.4M

97% more repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 38

2% more funds holding

Funds holding: 175 [Q2] → 178 (+3) [Q3]

8% more first-time investments, than exits

New positions opened: 43 | Existing positions closed: 40

2.77% less ownership

Funds ownership: 97.7% [Q2] → 94.93% (-2.77%) [Q3]

12% less capital invested

Capital invested by funds: $9.99B [Q2] → $8.79B (-$1.2B) [Q3]

20% less funds holding in top 10

Funds holding in top 10: 5 [Q2] → 4 (-1) [Q3]

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $60 1% downside
• Avg. target: $71 18% upside
• High target: $95 57% upside

7 analyst ratings

• positive: 7 100%
• neutral: 0 0%
• negative: 0 0%

UBS Jay Sole 69% 1-year accuracy 31 / 45 met price target	57% upside $95	Buy Maintained	19 Dec 2024
BMO Capital Simeon Siegel 85% 1-year accuracy 17 / 20 met price target	16% upside $70	Outperform Maintained	19 Dec 2024
Baird Mark Altschwager 73% 1-year accuracy 24 / 33 met price target	19% upside $72	Outperform Maintained	19 Dec 2024
Deutsche Bank Krisztina Katai 75% 1-year accuracy 15 / 20 met price target	9% upside $66	Buy Maintained	19 Dec 2024
Telsey Advisory Group Dana Telsey 67% 1-year accuracy 126 / 189 met price target	16% upside $70	Outperform Maintained	19 Dec 2024