Birkenstock (NYSE:BIRK) Given "Hold (C)" Rating at Weiss Ratings

Key Points

• Birkenstock's stock received a "hold (C)" rating from Weiss Ratings, while other analysts, including Goldman Sachs and UBS Group, have issued higher price targets and buy ratings.
• The company's most recent quarterly earnings report showed a net margin of 15.21% and a revenue increase of 12.4% year-over-year, exceeding consensus estimates.
• Birkenstock's stock is trading around $42.05 with a market cap of $7.90 billion and has recently experienced significant institutional investment activity.

Birkenstock (NYSE:BIRK - Get Free Report)'s stock had its "hold (c)" rating restated by stock analysts at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

Other research analysts have also issued research reports about the company. The Goldman Sachs Group upgraded Birkenstock from a "neutral" rating to a "buy" rating and set a $60.00 price target for the company in a research report on Thursday, July 24th. Telsey Advisory Group reiterated an "outperform" rating and issued a $70.00 price target on shares of Birkenstock in a research report on Friday, September 26th. JPMorgan Chase & Co. dropped their price target on Birkenstock from $81.00 to $66.00 and set an "overweight" rating for the company in a research report on Friday, September 19th. Finally, UBS Group set a $77.00 price target on Birkenstock and gave the stock a "buy" rating in a research report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $68.38.

Birkenstock Price Performance

Shares of BIRK traded down $1.05 during midday trading on Friday, hitting $42.05. 1,277,710 shares of the company traded hands, compared to its average volume of 1,977,095. The firm has a 50 day moving average of $46.90 and a 200-day moving average of $49.51. Birkenstock has a 52 week low of $40.56 and a 52 week high of $62.66. The stock has a market cap of $7.90 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 0.82 and a beta of 1.22. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.29 and a current ratio of 2.78.

Birkenstock (NYSE:BIRK - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.67 by $0.03. Birkenstock had a net margin of 15.21% and a return on equity of 11.52%. The business had revenue of $749.13 million during the quarter, compared to the consensus estimate of $641.18 million. During the same quarter in the prior year, the firm earned $0.40 EPS. The business's revenue was up 12.4% on a year-over-year basis. Birkenstock has set its FY 2025 guidance at EPS. On average, analysts forecast that Birkenstock will post 1.77 EPS for the current fiscal year.

Institutional Trading of Birkenstock

Institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC lifted its stake in Birkenstock by 66.5% in the first quarter. Signaturefd LLC now owns 841 shares of the company's stock worth $39,000 after purchasing an additional 336 shares during the last quarter. GAMMA Investing LLC lifted its stake in Birkenstock by 34.5% in the second quarter. GAMMA Investing LLC now owns 908 shares of the company's stock worth $45,000 after purchasing an additional 233 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Birkenstock by 61.0% in the first quarter. NewEdge Advisors LLC now owns 1,288 shares of the company's stock worth $59,000 after purchasing an additional 488 shares during the last quarter. Smartleaf Asset Management LLC bought a new stake in Birkenstock in the second quarter worth about $74,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in Birkenstock by 3,131.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 2,068 shares of the company's stock worth $102,000 after purchasing an additional 2,004 shares during the last quarter. Institutional investors own 19.93% of the company's stock.

About Birkenstock

Birkenstock Holding plc manufactures and sells footwear products. It also offers sandals, shoes, closed-toe silhouettes, skincare products, and accessories. The company sells its products through e-commerce sites and a network of owned retail stores, as well as business-to-business channels. It operates in the United States, Brazil, Canada, Mexico, Europe, APMA, and internationally.

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