Shares of Birkenstock Holding PLC (NYSE:BIRK – Get Free Report) crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $33.11 and traded as high as $33.52. Birkenstock shares last traded at $33.3980, with a volume of 1,659,300 shares traded.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on BIRK. Zacks Research upgraded Birkenstock from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 1st. Sanford C. Bernstein reiterated a “market perform” rating and set a $55.00 price target (up from $50.00) on shares of Birkenstock in a research report on Friday, August 14th. Telsey Advisory Group raised their price objective on Birkenstock from $45.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Raymond James Financial dropped their price objective on Birkenstock from $52.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday, October 16th. Finally, Wall Street Zen upgraded Birkenstock from a “sell” rating to a “hold” rating in a research report on Sunday, August 23rd. Thirteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $51.91.
Read Our Latest Stock Report on BIRK
Birkenstock Trading Up 5.7%
The firm has a market cap of $5.94 billion, a price-to-earnings ratio of 15.65, a price-to-earnings-growth ratio of 1.04 and a beta of 1.30. The company’s 50-day moving average price is $33.11 and its 200-day moving average price is $38.28. The company has a quick ratio of 2.09, a current ratio of 3.78 and a debt-to-equity ratio of 0.67.
Birkenstock (NYSE:BIRK – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.02). Birkenstock had a return on equity of 13.36% and a net margin of 14.82%. The company had revenue of $834.65 million for the quarter, compared to analyst estimates of $827.39 million. During the same quarter last year, the company earned $0.62 EPS. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. Birkenstock has set its FY 2026 guidance at 2.220-2.400 EPS. Equities analysts expect that Birkenstock Holding PLC will post 2.19 EPS for the current fiscal year.
Institutional Investors Weigh In On Birkenstock
Large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings 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 last quarter. Swedbank AB lifted its position in shares of Birkenstock by 6.7% in the first quarter. Swedbank AB now owns 1,600,000 shares of the company’s stock valued at $57,328,000 after acquiring an additional 100,000 shares in the last quarter. Rice Hall James & Associates LLC boosted its stake in shares of Birkenstock by 26.5% in the first quarter. Rice Hall James & Associates LLC now owns 590,368 shares of the company’s stock worth $21,153,000 after acquiring an additional 123,791 shares during the last quarter. Kornitzer Capital Management Inc. KS boosted its stake in shares of Birkenstock by 6.2% in the first quarter. Kornitzer Capital Management Inc. KS now owns 170,525 shares of the company’s stock worth $6,110,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Birkenstock in the second quarter worth approximately $4,772,000. 19.93% of the stock is currently owned by hedge funds and other institutional investors.
About Birkenstock
Birkenstock Holding plc, which operates the Birkenstock brand, is a German footwear company known for anatomically shaped footbed products designed to provide support and comfort. Its product portfolio includes sandals, shoes, clogs, boots and children’s footwear, along with related accessories and care products.
The company traces its roots to 1774, when Johann Adam Birkenstock was listed as a shoemaker in Germany. Birkenstock’s distinctive contoured footbed became the foundation of its footwear products and remains central to the brand.
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