Rice Hall James Loads Up on BIRK With 466,000 Shares Bought

2026-03-09 10:49:23 ET

According to an SEC filing dated Feb. 13, Rice Hall James & Associates, LLC established a new position in Birkenstock Holding (NYSE:BIRK) , acquiring 466,577 shares. The estimated transaction value is $19.8 million, calculated using the average share price for the quarter. The fund reported a quarter-end position in Birkenstock worth $19.08 million.

Birkenstock Holding plc is a leading global provider of premium footwear, with a heritage dating back to 1774. The company leverages a multi-channel distribution model to reach diverse markets, emphasizing product quality and comfort as core differentiators. With a broad international presence and a strong brand reputation, Birkenstock is positioned to capture demand across both developed and emerging consumer segments.

Rice Hall James’ $20 million bet on Birkenstock comes as the apparel retail sector as a whole has outperformed the S&P 500 over the past six months, according to Yahoo! Finance. On Feb. 12, Birkenstock reported its financial results for its first quarter of fiscal 2026, which ended Dec. 31, 2025. The report featured an adjusted EPS of 0.27 euros, beating analyst projections of 0.26 euros and a 50% year-over-year improvement. But tariffs and negative currency impacts took a toll: The company’s adjusted gross profit margin fell by 290 basis points to 57.4%.

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