Birkenstock (NYSE:BIRK) Upgraded to "Hold" at BMO Capital Markets

Key Points

• BMO Capital Markets upgraded Birkenstock to “Hold”, while the broader analyst consensus remains “Moderate Buy” with an average price target of $52.79.
• Birkenstock shares opened at $30.63, near their 52-week low of $30.25 and well below the 52-week high of $50.73; the stock’s 50-day and 200-day moving averages are about $39.
• The company’s latest quarterly revenue rose 13.3% year over year to $834.65 million, exceeding estimates, though earnings per share of $0.86 narrowly missed the $0.88 consensus.

Birkenstock (NYSE:BIRK - Get Free Report) was upgraded by analysts at BMO Capital Markets to a "hold" rating in a report released on Tuesday, Zacks reports.

BIRK has been the subject of several other research reports. Weiss Ratings upgraded shares of Birkenstock from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, July 2nd. Stifel Nicolaus set a $51.00 target price on shares of Birkenstock in a research report on Wednesday, May 13th. The Goldman Sachs Group reissued a "buy" rating on shares of Birkenstock in a research note on Friday, July 31st. William Blair lowered shares of Birkenstock from an "outperform" rating to a "market perform" rating and set a $44.00 price target for the company. in a report on Monday, August 3rd. Finally, Zacks Research upgraded shares of Birkenstock from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 1st. Thirteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $52.79.

Birkenstock Price Performance

Shares of BIRK stock opened at $30.63 on Tuesday. The stock's fifty day moving average is $39.01 and its 200-day moving average is $39.50. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.09 and a current ratio of 3.78. The stock has a market capitalization of $5.45 billion, a PE ratio of 14.36, a PEG ratio of 1.26 and a beta of 1.28. Birkenstock has a 52 week low of $30.25 and a 52 week high of $50.73.

Birkenstock (NYSE:BIRK - Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported $0.86 earnings per share for the quarter, missing analysts' consensus estimates of $0.88 by ($0.02). The business had revenue of $834.65 million during the quarter, compared to analyst estimates of $827.39 million. Birkenstock had a net margin of 14.82% and a return on equity of 13.36%. The business's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.62 earnings per share. Birkenstock has set its FY 2026 guidance at 2.220-2.400 EPS. Equities research analysts expect that Birkenstock will post 2.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Birkenstock

Institutional investors have recently modified their holdings of the business. Parallel Advisors LLC lifted its holdings in Birkenstock by 1,161.7% in the first quarter. Parallel Advisors LLC now owns 757 shares of the company's stock valued at $27,000 after buying an additional 697 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Birkenstock by 125.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 768 shares of the company's stock worth $28,000 after acquiring an additional 428 shares during the period. Morse Asset Management Inc bought a new stake in shares of Birkenstock during the 3rd quarter valued at $28,000. Integrated Wealth Concepts LLC bought a new stake in shares of Birkenstock during the 2nd quarter valued at $34,000. Finally, Kestra Advisory Services LLC acquired a new position in shares of Birkenstock in the 4th quarter valued at $42,000. Institutional investors and hedge funds own 19.93% of the company's stock.

Birkenstock Company Profile

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.

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.