Birkenstock (NYSE:BIRK) Shares Gap Up - Here's What Happened

Key Points

• Birkenstock shares jumped sharply, opening at $43.07 versus a prior close of $36.74 and last trading near $42.94 on volume of about 1.26 million shares.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of $53.28, though several firms recently downgraded the stock or lowered their targets.
• The company’s latest quarterly results missed expectations, reporting $0.58 in EPS versus $0.70 expected and revenue of $714.4 million, while revenue still increased 7.7% year over year. An insider also sold 30,000 shares valued at approximately $1.3 million.

Birkenstock Holding PLC (NYSE:BIRK - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $36.74, but opened at $43.07. Birkenstock shares last traded at $42.9420, with a volume of 1,262,541 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. William Blair cut shares of Birkenstock from an "outperform" rating to a "market perform" rating and set a $44.00 price objective for the company. in a research report on Monday, August 3rd. Seaport Research Partners lowered shares of Birkenstock from a "buy" rating to a "neutral" rating in a research report on Monday, July 20th. Morgan Stanley set a $41.00 target price on shares of Birkenstock in a research note on Thursday, May 14th. Piper Sandler restated an "overweight" rating and set a $55.00 price target (down from $60.00) on shares of Birkenstock in a research report on Monday, April 27th. Finally, BTIG Research restated a "buy" rating and set a $60.00 price target on shares of Birkenstock in a research report on Thursday, August 6th. Thirteen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Birkenstock presently has a consensus rating of "Moderate Buy" and an average target price of $53.28.

Birkenstock Price Performance

The company has a quick ratio of 1.19, a current ratio of 2.95 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $7.69 billion, a PE ratio of 18.88, a PEG ratio of 1.57 and a beta of 1.30. The company has a 50-day moving average of $43.13 and a 200 day moving average of $40.08.

Birkenstock (NYSE:BIRK - Get Free Report) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.58 earnings per share for the quarter, missing analysts' consensus estimates of $0.70 by ($0.12). Birkenstock had a net margin of 16.26% and a return on equity of 12.95%. The firm had revenue of $714.40 million during the quarter, compared to analysts' expectations of $716.62 million. During the same quarter in the previous year, the business posted $0.63 EPS. The company's revenue for the quarter was up 7.7% on a year-over-year basis. Sell-side analysts predict that Birkenstock Holding PLC will post 2.27 EPS for the current year.

Insider Activity at Birkenstock

In other news, insider Mehdi Nico Bouyakhf sold 30,000 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $43.50, for a total value of $1,305,000.00. Following the completion of the sale, the insider directly owned 31,153 shares in the company, valued at $1,355,155.50. This represents a 49.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Institutional Trading of Birkenstock

Several large investors have recently bought and sold shares of BIRK. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Birkenstock by 7.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,174 shares of the company's stock worth $221,000 after buying an additional 348 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in Birkenstock by 9.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 5,110 shares of the company's stock valued at $209,000 after acquiring an additional 420 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Birkenstock by 125.9% in the first quarter. EverSource Wealth Advisors LLC now owns 768 shares of the company's stock valued at $28,000 after acquiring an additional 428 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Birkenstock by 2.8% in the third quarter. Public Employees Retirement System of Ohio now owns 16,990 shares of the company's stock worth $769,000 after acquiring an additional 460 shares during the period. Finally, GW&K Investment Management LLC grew its position in Birkenstock by 77.4% in the fourth quarter. GW&K Investment Management LLC now owns 1,114 shares of the company's stock worth $46,000 after acquiring an additional 486 shares during the period. Hedge funds and other institutional investors own 19.93% of the company's stock.

About Birkenstock

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source