Birkenstock (NYSE:BIRK) Price Target Lowered to $60.00 at BTIG Research

Key Points

• BTIG Research cut its price target on Birkenstock from $65 to $60, while keeping a buy rating on the stock. The new target still implies significant upside from the prior close.
• Birkenstock shares were under pressure, with the stock trading down about 12.9% to $33.05, near its 12-month low. The decline comes amid a broader wave of analyst price-target reductions and mixed sentiment.
• Recent business updates were split: Birkenstock reported revenue growth and maintained its full-year outlook, but also faced EPS misses and warnings that tariffs, foreign exchange swings, and Middle East conflict are squeezing margins.

Birkenstock (NYSE:BIRK - Get Free Report) had its price target reduced by research analysts at BTIG Research from $65.00 to $60.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. BTIG Research's price objective would indicate a potential upside of 81.56% from the stock's previous close.

A number of other equities research analysts have also commented on BIRK. The Goldman Sachs Group reissued a "buy" rating and issued a $59.00 price target on shares of Birkenstock in a research report on Thursday, January 29th. Morgan Stanley reaffirmed a "positive" rating and set a $47.00 target price on shares of Birkenstock in a research report on Tuesday, January 27th. JPMorgan Chase & Co. decreased their target price on Birkenstock from $66.00 to $52.00 and set an "overweight" rating for the company in a research report on Tuesday, January 20th. UBS Group reaffirmed a "buy" rating on shares of Birkenstock in a research report on Monday, February 9th. Finally, Telsey Advisory Group decreased their target price on Birkenstock from $60.00 to $45.00 and set an "outperform" rating for the company in a research report on Thursday. Sixteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Birkenstock presently has an average rating of "Moderate Buy" and a consensus price target of $58.24.

Birkenstock Trading Down 12.9%

NYSE BIRK opened at $33.05 on Thursday. The firm has a market capitalization of $6.08 billion, a P/E ratio of 14.47, a PEG ratio of 1.45 and a beta of 1.15. The business has a fifty day simple moving average of $37.60 and a 200 day simple moving average of $39.85. Birkenstock has a 12 month low of $32.44 and a 12 month high of $59.50. The company has a current ratio of 3.13, a quick ratio of 1.04 and a debt-to-equity ratio of 0.46.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC boosted its stake in Birkenstock by 7.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,174 shares of the company's stock worth $221,000 after purchasing an additional 348 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in Birkenstock by 9.0% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 5,110 shares of the company's stock worth $209,000 after purchasing an additional 420 shares during the period. Illinois Municipal Retirement Fund boosted its stake in Birkenstock by 1.3% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 35,968 shares of the company's stock worth $1,628,000 after purchasing an additional 448 shares during the period. Smartleaf Asset Management LLC boosted its stake in Birkenstock by 30.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,951 shares of the company's stock worth $87,000 after purchasing an additional 458 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Birkenstock by 2.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 16,990 shares of the company's stock valued at $769,000 after acquiring an additional 460 shares during the last quarter. Institutional investors own 19.93% of the company's stock.

Key Headlines Impacting Birkenstock

Here are the key news stories impacting Birkenstock this week:

• Positive Sentiment: Birkenstock reported revenue of about €716 million, up roughly 8% reported and 14% in constant currency, showing demand for its sandals and footwear remains resilient. Birkenstock Reports Fiscal Second Quarter 2026 Results with Revenue Growth Of 14% In Constant FX Despite War, Tariffs and Inflation; Confirms Full-Year Target Of 13-15%
• Positive Sentiment: The company maintained its full-year revenue target, suggesting management still sees healthy demand despite a tougher operating environment. Birkenstock Reports Fiscal Second Quarter 2026 Results with Revenue Growth Of 14% In Constant FX Despite War, Tariffs and Inflation; Confirms Full-Year Target Of 13-15%
• Neutral Sentiment: Birkenstock also issued FY2026 guidance with revenue above consensus, but EPS guidance below expectations, which leaves investors split between top-line strength and margin pressure. Birkenstock misses sales estimates, flags Middle East hit
• Negative Sentiment: Quarterly EPS of $0.58 missed the consensus estimate of $0.70, and revenue also came in slightly below expectations, signaling weaker profitability than analysts anticipated. Birkenstock (BIRK) Misses Q2 Earnings and Revenue Estimates
• Negative Sentiment: Management warned that tariffs, foreign exchange swings, and Middle East conflict are squeezing margins and raising costs, which is a key reason the stock has been falling. Birkenstock warns of higher costs from tariffs, Middle East conflict
• Negative Sentiment: Reports also noted tighter margins and softer profit growth, reinforcing concerns that cost pressures may outweigh strong sales growth in the near term. EXEC: Birkenstock Maintains Double-Digit Growth in Fiscal Q2 but Margins Tighten and Profits Sink

Birkenstock Company Profile

Birkenstock Group AG, listed on the New York Stock Exchange under the symbol BIRK, is a global footwear manufacturer renowned for its anatomically contoured footbeds and iconic sandal designs. The company’s core product lines include classic models such as the Arizona, Boston and Madrid, alongside a range of clogs, shoes and orthotic insoles. In addition to footwear, Birkenstock offers complementary accessories, including socks and leather care products, reinforcing its commitment to foot health and comfort.

Birkenstock reaches consumers through a diversified distribution network that combines direct-to-consumer channels—such as branded retail stores and e-commerce platforms—with wholesale partnerships spanning specialty footwear retailers, department stores and select online marketplaces.

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