Birkenstock Holding PLC (NYSE:BIRK) Stock Has Consensus Price Target of $51.91 According to Analysts

Key Points

• Analysts rate Birkenstock a “Moderate Buy” overall: 13 of 19 covering brokerages recommend buying, five say hold and one says sell. The average 12-month price target is $51.91.
• Recent analyst views vary: JPMorgan raised its target to $58, while Raymond James cut its target to $42; both maintained positive ratings.
• In its latest reported quarter, revenue rose 13.3% year over year to $834.65 million, topping estimates, while earnings per share of $0.86 narrowly missed the $0.88 consensus.

Birkenstock Holding PLC (NYSE:BIRK - Get Free Report) has received an average recommendation of "Moderate Buy" from the nineteen brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $51.91.

Several brokerages recently issued reports on BIRK. Wall Street Zen upgraded Birkenstock from a "sell" rating to a "hold" rating in a report on Sunday, August 23rd. Raymond James Financial lowered their price target on Birkenstock from $52.00 to $42.00 and set an "outperform" rating for the company in a research report on Friday, October 16th. Telsey Advisory Group raised their price objective on Birkenstock from $45.00 to $50.00 and gave the company an "outperform" rating in a research note on Friday, August 14th. JPMorgan Chase & Co. lifted their price objective on shares of Birkenstock from $49.00 to $58.00 and gave the stock an "overweight" rating in a report on Tuesday, August 4th. Finally, Guggenheim reiterated a "buy" rating and issued a $55.00 target price on shares of Birkenstock in a report on Friday, September 11th.

Institutional Trading of Birkenstock

Institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in shares of Birkenstock by 30.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,049,787 shares of the company's stock worth $145,078,000 after purchasing an additional 956,167 shares during the period. Rice Hall James & Associates LLC boosted its holdings in shares of Birkenstock by 26.5% in the 1st quarter. Rice Hall James & Associates LLC now owns 590,368 shares of the company's stock worth $21,153,000 after buying an additional 123,791 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Birkenstock in the 2nd quarter worth about $4,772,000. AMF Tjanstepension AB grew its position in shares of Birkenstock by 190.1% during the 3rd quarter. AMF Tjanstepension AB now owns 108,362 shares of the company's stock valued at $3,512,000 after acquiring an additional 71,003 shares during the period. Finally, Squarepoint Ops LLC lifted its stake in Birkenstock by 438.0% in the second quarter. Squarepoint Ops LLC now owns 99,537 shares of the company's stock valued at $4,283,000 after purchasing an additional 81,037 shares during the last quarter. 19.93% of the stock is owned by hedge funds and other institutional investors.

Birkenstock Stock Up 3.9%

Birkenstock stock opened at $38.76 on Tuesday. The company has a quick ratio of 2.09, a current ratio of 3.78 and a debt-to-equity ratio of 0.67. Birkenstock has a 12-month low of $29.93 and a 12-month high of $50.73. The firm's fifty day moving average is $33.25 and its 200 day moving average is $38.13. The company has a market capitalization of $6.90 billion, a PE ratio of 18.16, a PEG ratio of 1.23 and a beta of 1.26.

Birkenstock (NYSE:BIRK - Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.86 earnings per share for the quarter, missing analysts' consensus estimates of $0.88 by ($0.02). The firm had revenue of $834.65 million for the quarter, compared to analyst estimates of $827.39 million. Birkenstock had a return on equity of 13.36% and a net margin of 14.82%. The firm's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the company posted $0.62 earnings per share. Birkenstock has set its FY 2026 guidance at 2.220-2.400 EPS. As a group, sell-side analysts predict that Birkenstock will post 2.19 EPS for the current fiscal year.

About Birkenstock

Birkenstock is a German footwear company best known for sandals and shoes built around its contoured footbed. Its product range also includes clogs, boots, sneakers and related accessories, sold under the Birkenstock brand.

The company's history traces back to 1774, when Johann Adam Birkenstock was recorded as a shoemaker in Germany. Birkenstock later became known for its anatomically shaped footbed, typically made with materials such as cork and latex.

Birkenstock serves customers internationally through wholesale partners, its own retail stores and e-commerce channels.

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