Birkenstock (NYSE:BIRK) Given "Outperform" Rating at Telsey Advisory Group

Birkenstock (NYSE:BIRK - Get Free Report)'s stock had its "outperform" rating reaffirmed by investment analysts at Telsey Advisory Group in a report issued on Friday,Benzinga reports. They presently have a $70.00 target price on the stock. Telsey Advisory Group's price objective indicates a potential upside of 32.98% from the stock's current price. Telsey Advisory Group also issued estimates for Birkenstock's Q2 2025 earnings at $0.58 EPS, Q3 2025 earnings at $0.71 EPS, Q4 2025 earnings at $0.39 EPS, FY2025 earnings at $1.89 EPS and FY2026 earnings at $2.40 EPS.

Several other research analysts also recently weighed in on BIRK. Stifel Nicolaus lowered their target price on Birkenstock from $70.00 to $62.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. Piper Sandler lowered their target price on Birkenstock from $70.00 to $60.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Finally, UBS Group lifted their target price on Birkenstock from $68.00 to $72.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Birkenstock currently has a consensus rating of "Moderate Buy" and an average price target of $66.06.

Birkenstock Stock Performance

BIRK traded up $0.17 during trading on Friday, hitting $52.64. 1,687,777 shares of the stock were exchanged, compared to its average volume of 1,420,460. The stock has a fifty day moving average price of $47.37 and a two-hundred day moving average price of $51.45. Birkenstock has a 1-year low of $40.56 and a 1-year high of $64.78. The firm has a market capitalization of $9.89 billion, a P/E ratio of 42.45, a PEG ratio of 1.02 and a beta of 1.56. The company has a quick ratio of 1.08, a current ratio of 2.84 and a debt-to-equity ratio of 0.48.

Birkenstock (NYSE:BIRK - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. Birkenstock had a return on equity of 9.52% and a net margin of 11.73%. The company had revenue of $385.88 million for the quarter, compared to the consensus estimate of $355.80 million. As a group, sell-side analysts predict that Birkenstock will post 1.77 earnings per share for the current year.

Hedge Funds Weigh In On Birkenstock

Hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Capital LLC raised its holdings in shares of Birkenstock by 94.0% in the fourth quarter. Renaissance Capital LLC now owns 82,190 shares of the company's stock worth $4,657,000 after acquiring an additional 39,831 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of Birkenstock in the fourth quarter worth $606,000. Handelsbanken Fonder AB acquired a new position in shares of Birkenstock in the fourth quarter worth $391,000. Norges Bank acquired a new position in shares of Birkenstock in the fourth quarter worth $131,786,000. Finally, Principal Financial Group Inc. raised its holdings in shares of Birkenstock by 581.8% in the fourth quarter. Principal Financial Group Inc. now owns 542,798 shares of the company's stock worth $30,755,000 after acquiring an additional 463,191 shares during the last quarter. 19.93% of the stock is owned by institutional investors and hedge funds.

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.