Wall Street Zen downgraded shares of Birkenstock (NYSE:BIRK – Free Report) from a hold rating to a sell rating in a research note released on Saturday morning.
A number of other equities research analysts also recently weighed in on the stock. William Blair downgraded shares of Birkenstock from an “outperform” rating to a “market perform” rating and set a $44.00 price objective for the company. in a research report on Monday, August 3rd. UBS Group cut their target price on shares of Birkenstock from $77.00 to $76.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Sanford C. Bernstein restated a “market perform” rating and issued a $55.00 target price (up from $50.00) on shares of Birkenstock in a research note on Friday. Morgan Stanley set a $41.00 target price on Birkenstock in a report on Thursday, May 14th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Birkenstock in a research report on Friday, July 31st. Thirteen analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Birkenstock currently has a consensus rating of “Moderate Buy” and an average price target of $53.91.
View Our Latest Analysis on BIRK
Birkenstock Stock Performance
Birkenstock (NYSE:BIRK – Get Free Report) last issued its earnings results on Wednesday, May 13th. The company reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.12). Birkenstock had a return on equity of 13.41% and a net margin of 14.82%.The business had revenue of $714.40 million for the quarter, compared to analyst estimates of $716.62 million. During the same period last year, the company posted $0.63 earnings per share. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. Research analysts expect that Birkenstock will post 2.19 earnings per share for the current year.
Insider Activity
In related news, insider Mehdi Nico Bouyakhf sold 60,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $42.07, for a total value of $2,524,200.00. Following the sale, the insider directly owned 61,153 shares in the company, valued at $2,572,706.71. This trade represents a 49.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Bamco Inc. NY raised its stake in shares of Birkenstock by 25.4% during the fourth quarter. Bamco Inc. NY now owns 7,966,037 shares of the company’s stock valued at $325,811,000 after purchasing an additional 1,612,236 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in Birkenstock by 11.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 11,886,454 shares of the company’s stock worth $486,156,000 after purchasing an additional 1,264,841 shares during the period. Holocene Advisors LP grew its position in Birkenstock by 239.3% in the 2nd quarter. Holocene Advisors LP now owns 1,748,348 shares of the company’s stock valued at $85,984,000 after buying an additional 1,233,085 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Birkenstock by 61.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,093,620 shares of the company’s stock valued at $126,534,000 after buying an additional 1,181,919 shares in the last quarter. Finally, Durable Capital Partners LP acquired a new position in Birkenstock during the 3rd quarter valued at about $40,121,000. Institutional investors own 19.93% of the company’s stock.
More Birkenstock News
Here are the key news stories impacting Birkenstock this week:
- Positive Sentiment: Fiscal Q3 revenue rose 13.3% year over year to approximately $821 million, exceeding consensus expectations. Growth was 15% on a constant-currency basis and was led by direct-to-consumer sales, new styles and continued pricing power. Birkenstock fiscal third-quarter results
- Positive Sentiment: Management raised its full-year revenue-growth outlook, citing resilient full-price demand from affluent consumers and strong sandal sales. Revenue guidance of roughly $2.8 billion is above the approximately $2.7 billion analyst consensus. Birkenstock raises annual revenue forecast
- Positive Sentiment: Guggenheim and BTIG Research reaffirmed “buy” ratings and maintained $60 price targets, implying substantial upside from the recent trading level. Analyst rating updates
- Neutral Sentiment: Birkenstock is expanding beyond its traditional clog and sandal offerings, with CEO Oliver Reichert highlighting global demand for ballet-inspired products, including ballerinas and Mary Jane styles. This could broaden the customer base, though the financial contribution remains unproven. Birkenstock expands into ballet fashion
- Negative Sentiment: Quarterly EPS of about $0.85–$0.86 narrowly missed consensus estimates of $0.86–$0.87. Fiscal-year EPS guidance of $2.22–$2.40 also brackets, but does not clearly exceed, the $2.27 consensus estimate. Birkenstock earnings miss
- Negative Sentiment: After a sharp post-earnings advance, some investors appear to be taking profits. Analysts also caution that, despite accelerating DTC growth, the shares may not offer the most attractive risk-reward at current valuation levels. Birkenstock valuation analysis
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.
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