<div id="readability-page-1"><p>Handelsbanken Fonder AB decreased its position in  Birkenstock Holding PLC (NYSE:BIRK - Free Report) by 47.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,000 shares of the company's stock after selling 7,100 shares during the period. Handelsbanken Fonder AB's holdings in Birkenstock were worth $393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).</p><ul><li>Growth Picks: 3 Low-Cost Stocks That Could Double in Value</li></ul><p>A number of other hedge funds and other institutional investors have also recently made changes to their positions in BIRK. PNC Financial Services Group Inc. raised its stake in  Birkenstock by 2,514.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,785 shares of the company's stock valued at $403,000 after purchasing an additional 8,449 shares during the last quarter.  Peregrine Capital Management LLC acquired a new position in shares of  Birkenstock in the 2nd quarter valued at $8,422,000.  AGF Management Ltd. lifted its holdings in shares of  Birkenstock by 72.8% in the 2nd quarter. AGF Management Ltd. now owns 2,038,210 shares of the company's stock worth $100,239,000 after acquiring an additional 858,522 shares during the last quarter.  Wealth Enhancement Advisory Services LLC purchased a new stake in shares of  Birkenstock in the 2nd quarter valued at $320,000.  Finally, U S Global Investors Inc. purchased a new position in  Birkenstock in the 2nd quarter valued at approximately $861,000. Institutional investors and hedge funds own  19.93% of the company's stock. </p><h2>Birkenstock Trading Down 0.4%</h2><p>Shares of Birkenstock stock opened at $43.33 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.29 and a current ratio of 2.78. The company has a market capitalization of $8.14 billion, a P/E ratio of 24.07, a PEG ratio of 0.83 and a beta of 1.14. Birkenstock Holding PLC has a 1 year low of $38.16 and a 1 year high of $62.66. The company's fifty day moving average is $42.32 and its two-hundred day moving average is $47.89. </p><h2>Analyst Upgrades and Downgrades</h2><ul><li>After Earnings Beats, These 3 Stocks Are on Analysts’ Radars</li></ul><p>A number of equities research analysts have issued reports on BIRK shares. Telsey Advisory Group  reaffirmed an &#34;outperform&#34; rating and issued a $70.00 price target on shares of Birkenstock in a research report on Friday, September 26th. JPMorgan Chase &amp; Co. lowered their price target on shares of Birkenstock from $81.00 to $66.00 and set an &#34;overweight&#34; rating for the company in a report on Friday, September 19th. UBS Group  set a $77.00 price objective on shares of Birkenstock and gave the company a &#34;buy&#34; rating in a report on Tuesday, August 5th. Finally, Weiss Ratings  reiterated a &#34;hold (c-)&#34; rating on shares of Birkenstock in a research note on Tuesday, November 25th. One equities research analyst  has rated the stock with a Strong Buy rating, fourteen have issued  a Buy rating and one  has assigned  a Hold rating to the company's stock. According to data from MarketBeat, Birkenstock  has an average rating of &#34;Buy&#34; and an average price target of $68.38.</p><p><b>Get Our Latest Research Report on Birkenstock</b></p><h2>Birkenstock Profile</h2> (Free Report)<ul><li>These 3 Retail Stocks Can Keep Winning in 2025</li></ul><p>Birkenstock Holding plc manufactures and sells footwear products. It also offers sandals, shoes, closed-toe silhouettes, skincare products, and accessories. The company sells its products through e-commerce sites and a network of owned retail stores, as well as business-to-business channels. It operates in the United States, Brazil, Canada, Mexico, Europe, APMA, and internationally.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Birkenstock</li><li>What Are Dividend Champions? How to Invest in the Champions</li><li>Worried About Inflation? These 3 ETFs Offer Real Protection</li><li>The Role Economic Reports Play in a Successful Investment Strategy</li><li>Intel’s Black Friday Breakout: Apple Rumors Fuel a Holiday Rally</li><li>Industrial Products Stocks Investing </li><li>Klarna's Crypto Play: A Plan to Fix Its Profit Problem</li></ul><p><strong>Want to see what other hedge funds are holding BIRK?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Birkenstock Holding PLC (NYSE:BIRK - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJJUks?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJJUks"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Birkenstock Right Now?</h2><p>Before you consider Birkenstock, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Birkenstock wasn't on the list.</p><p>While Birkenstock currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

BIRK

<p>Handelsbanken Fonder AB reduced its stake in Birkenstock Holding PLC by 47% in Q2, owning 8,000 shares worth $393,000. Other investors adjusted their positions, with PNC Financial Services increasing its stake significantly. Analysts have mixed ratings, with a consensus 'Buy' and an average price target of $68.38. Birkenstock's stock opened at $43.33, with a market cap of $8.14 billion.</p>

Birkenstock Holding PLC $BIRK Shares Sold by Handelsbanken Fonder AB