Birkenstock Holding PLC (NYSE:BIRK) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Birkenstock has a “Moderate Buy” consensus from 19 analysts: 13 rate it a buy and six recommend holding the stock. The average 12-month price target is $52.50.
• The shares opened at $30.61, near their 52-week low of $29.93 and below both the 50-day and 200-day moving averages, indicating recent price weakness.
• In its latest quarter, revenue rose 13.3% year over year to $834.65 million and beat estimates, while EPS of $0.86 narrowly missed expectations of $0.88. Institutional investors own approximately 19.93% of the company.

Birkenstock Holding PLC (NYSE:BIRK - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the nineteen ratings firms that are presently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $52.50.

Several analysts have issued reports on the company. Weiss Ratings upgraded Birkenstock from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, July 2nd. Williams Trading cut shares of Birkenstock from a "strong-buy" rating to a "hold" rating in a report on Sunday, August 2nd. BTIG Research reissued a "buy" rating and issued a $60.00 target price on shares of Birkenstock in a research report on Friday, August 14th. Guggenheim restated a "buy" rating and set a $55.00 price target on shares of Birkenstock in a report on Friday, September 11th. Finally, JPMorgan Chase & Co. upped their price target on shares of Birkenstock from $49.00 to $58.00 and gave the company an "overweight" rating in a research report on Tuesday, August 4th.

Institutional Trading of Birkenstock

A number of hedge funds have recently modified their holdings of the business. WINTON GROUP Ltd purchased a new position in shares of Birkenstock during the second quarter valued at $417,000. Integrated Wealth Concepts LLC purchased a new stake in Birkenstock in the 2nd quarter worth about $34,000. Squarepoint Ops LLC lifted its stake in Birkenstock by 438.0% in the 2nd quarter. Squarepoint Ops LLC now owns 99,537 shares of the company's stock worth $4,283,000 after acquiring an additional 81,037 shares in the last quarter. Corient Private Wealth LP acquired a new stake in Birkenstock during the 2nd quarter worth about $3,703,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Birkenstock during the 2nd quarter worth about $501,000. Hedge funds and other institutional investors own 19.93% of the company's stock.

Birkenstock Price Performance

NYSE BIRK opened at $30.61 on Monday. Birkenstock has a 1 year low of $29.93 and a 1 year high of $50.73. The business's fifty day moving average is $37.24 and its two-hundred day moving average is $39.09. The stock has a market capitalization of $5.45 billion, a P/E ratio of 14.35, a P/E/G ratio of 1.22 and a beta of 1.28. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.09 and a current ratio of 3.78.

Birkenstock (NYSE:BIRK - Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.02). Birkenstock had a return on equity of 13.36% and a net margin of 14.82%.The company had revenue of $834.65 million for the quarter, compared to the consensus estimate of $827.39 million. During the same period in the prior year, the business earned $0.62 earnings per share. The business's revenue was up 13.3% compared to the same quarter last year. Birkenstock has set its FY 2026 guidance at 2.220-2.400 EPS. On average, research analysts forecast that Birkenstock will post 2.2 earnings per share for the current fiscal year.

Birkenstock Company Profile

Birkenstock Holding plc is a global footwear company best known for its anatomically shaped cork-latex footbed and distinctive sandals. The company offers a range of footwear, including sandals, shoes, clogs, boots and sneakers, as well as accessories and foot-care products.

Birkenstock traces its roots to 1774, when Johann Adam Birkenstock was listed as a shoemaker in Germany. The company's products are sold through its own retail stores and e-commerce platforms, as well as through independent retailers and distributors.

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