Birkenstock (NYSE:BIRK – Get Free Report) was upgraded by equities research analysts at BMO Capital Markets to a “hold” rating in a research report issued on Tuesday, Zacks reports.
Other research analysts have also recently issued research reports about the stock. Morgan Stanley set a $41.00 target price on shares of Birkenstock in a research note on Thursday, May 14th. William Blair downgraded 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. JPMorgan Chase & Co. boosted their price objective on Birkenstock from $49.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. Williams Trading cut Birkenstock from a “strong-buy” rating to a “hold” rating in a report on Sunday, August 2nd. Finally, Seaport Research Partners lowered Birkenstock from a “buy” rating to a “neutral” rating in a research note on Monday, July 20th. Thirteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.79.
Read Our Latest Stock Analysis on BIRK
Birkenstock Trading Down 2.9%
Birkenstock (NYSE:BIRK – Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.02). The firm had revenue of $834.65 million for the quarter, compared to the consensus estimate of $827.39 million. Birkenstock had a net margin of 14.82% and a return on equity of 13.36%. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.62 earnings per share. Birkenstock has set its FY 2026 guidance at 2.220-2.400 EPS. Research analysts expect that Birkenstock will post 2.2 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of BIRK. T. Rowe Price Investment Management Inc. boosted its position in Birkenstock by 11.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 11,886,454 shares of the company’s stock valued at $486,156,000 after buying an additional 1,264,841 shares during the last quarter. Bamco Inc. NY raised its position 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 worth $325,811,000 after acquiring an additional 1,612,236 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Birkenstock by 30.9% during the first quarter. Dimensional Fund Advisors LP now owns 4,049,787 shares of the company’s stock valued at $145,078,000 after acquiring an additional 956,167 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Birkenstock by 0.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,950,380 shares of the company’s stock valued at $120,672,000 after acquiring an additional 25,585 shares during the period. Finally, Morgan Stanley boosted its holdings in Birkenstock by 25.1% in the fourth quarter. Morgan Stanley now owns 2,797,719 shares of the company’s stock valued at $114,427,000 after acquiring an additional 562,188 shares during the last quarter. Institutional investors own 19.93% of the company’s stock.
About Birkenstock
Birkenstock Holding plc is a global footwear company best known for its anatomically shaped cork-latex footbed and distinctive sandals. The company offers a range of footwear, including sandals, shoes, clogs, boots and sneakers, as well as accessories and foot-care products.
Birkenstock traces its roots to 1774, when Johann Adam Birkenstock was listed as a shoemaker in Germany. The company’s products are sold through its own retail stores and e-commerce platforms, as well as through independent retailers and distributors.
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