Birkenstock (NYSE:BIRK) Posts Earnings Results, Beats Expectations By $0.03 EPS

Key Points

• Birkenstock reported earnings of $0.70 per share, exceeding analysts' expectations of $0.67, with revenues reaching $749.13 million, significantly above the forecasted $641.18 million.
• The company's net margin stood at 12.86% and its return on equity was 10.22%, with a year-over-year revenue growth of 12.4%.
• Analysts are bullish on Birkenstock, with a consensus rating of "Buy" and an average price target of $68.58, reflecting optimism in the company's growth potential.

Birkenstock (NYSE:BIRK - Get Free Report) posted its earnings results on Thursday. The company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.03, Zacks reports. Birkenstock had a net margin of 12.86% and a return on equity of 10.22%. The firm had revenue of $749.13 million for the quarter, compared to the consensus estimate of $641.18 million. During the same period in the previous year, the firm posted $0.40 EPS. The business's quarterly revenue was up 12.4% on a year-over-year basis. Birkenstock updated its FY 2025 guidance to EPS.

Birkenstock Stock Up 1.1%

Shares of BIRK traded up $0.53 during mid-day trading on Friday, hitting $48.94. The company's stock had a trading volume of 1,061,472 shares, compared to its average volume of 1,934,768. The company's 50-day moving average is $50.35 and its 200-day moving average is $50.69. Birkenstock has a 52-week low of $40.56 and a 52-week high of $64.78. The firm has a market capitalization of $9.19 billion, a price-to-earnings ratio of 34.50, a PEG ratio of 1.20 and a beta of 1.31. The company has a current ratio of 3.06, a quick ratio of 1.34 and a debt-to-equity ratio of 0.47.

Analyst Ratings Changes

A number of analysts have recently weighed in on BIRK shares. Evercore ISI boosted their target price on shares of Birkenstock from $65.00 to $70.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Bank of America upped their price target on shares of Birkenstock from $70.00 to $73.00 and gave the company a "buy" rating in a report on Friday, May 16th. UBS Group set a $77.00 price target on shares of Birkenstock and gave the company a "buy" rating in a report on Tuesday, August 5th. BMO Capital Markets upped their price target on shares of Birkenstock from $70.00 to $75.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Finally, Robert W. Baird upped their price target on shares of Birkenstock from $65.00 to $70.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Thirteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Birkenstock presently has an average rating of "Buy" and an average price target of $68.58.

Institutional Investors Weigh In On Birkenstock

Hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC lifted its position in Birkenstock by 61.0% during the first quarter. NewEdge Advisors LLC now owns 1,288 shares of the company's stock valued at $59,000 after acquiring an additional 488 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of Birkenstock by 67.3% in the second quarter. California State Teachers Retirement System now owns 3,358 shares of the company's stock worth $165,000 after acquiring an additional 1,351 shares during the period. Creative Planning acquired a new stake in shares of Birkenstock in the second quarter worth $371,000. Legal & General Group Plc increased its stake in shares of Birkenstock by 115.5% in the second quarter. Legal & General Group Plc now owns 9,443 shares of the company's stock worth $464,000 after acquiring an additional 5,061 shares during the period. Finally, Quantinno Capital Management LP increased its stake in shares of Birkenstock by 65.9% in the second quarter. Quantinno Capital Management LP now owns 9,590 shares of the company's stock worth $472,000 after acquiring an additional 3,808 shares during the period. Hedge funds and other 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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