FY2025 EPS Estimates for Birkenstock Raised by Analyst

Key Points

• Telsey Advisory Group has raised its FY2025 earnings estimate for Birkenstock from $1.88 to $1.89 per share, maintaining an "Outperform" rating with a target price of $70.00.
• Multiple analysts have boosted their price targets for Birkenstock, with UBS setting a target of $77.00 and Bank of America raising their target to $73.00, indicating strong market confidence in the company's performance.
• Birkenstock's recent quarterly earnings showed a 19.3% revenue increase year-over-year, with earnings per share of $0.58, exceeding analysts’ expectations by $0.01.

Birkenstock Holding PLC (NYSE:BIRK - Free Report) - Equities researchers at Telsey Advisory Group upped their FY2025 earnings estimates for shares of Birkenstock in a research note issued on Tuesday, August 5th. Telsey Advisory Group analyst D. Telsey now expects that the company will post earnings of $1.89 per share for the year, up from their previous estimate of $1.88. Telsey Advisory Group has a "Outperform" rating and a $70.00 price objective on the stock. The consensus estimate for Birkenstock's current full-year earnings is $1.77 per share.

Other analysts have also recently issued reports about the company. Stifel Nicolaus boosted their price target on Birkenstock from $62.00 to $70.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. UBS Group set a $77.00 price target on shares of Birkenstock and gave the company a "buy" rating in a research note on Tuesday. The Goldman Sachs Group raised Birkenstock from a "neutral" rating to a "buy" rating and set a $60.00 target price for the company in a research note on Thursday, July 24th. William Blair reiterated an "outperform" rating on shares of Birkenstock in a report on Tuesday, June 3rd. Finally, Bank of America lifted their price target on shares of Birkenstock from $70.00 to $73.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Thirteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Birkenstock has an average rating of "Buy" and an average target price of $68.58.

Birkenstock Price Performance

Shares of NYSE BIRK opened at $49.43 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.34 and a current ratio of 3.06. The firm has a fifty day moving average of $51.07 and a 200 day moving average of $51.12. The firm has a market cap of $9.28 billion, a PE ratio of 34.81, a PEG ratio of 1.18 and a beta of 1.31. Birkenstock has a one year low of $40.56 and a one year high of $64.78.

Birkenstock (NYSE:BIRK - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.01. Birkenstock had a net margin of 12.86% and a return on equity of 10.22%. The firm had revenue of $623.54 million for the quarter, compared to the consensus estimate of $567.84 million. During the same period in the prior year, the firm posted $0.38 earnings per share. The firm's quarterly revenue was up 19.3% compared to the same quarter last year.

Institutional Investors Weigh In On Birkenstock

Several institutional investors and hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. increased its position in Birkenstock by 37.6% in the 1st quarter. Principal Financial Group Inc. now owns 746,716 shares of the company's stock valued at $34,237,000 after acquiring an additional 203,918 shares during the period. Bank of New York Mellon Corp boosted its holdings in Birkenstock by 23.3% in the first quarter. Bank of New York Mellon Corp now owns 160,030 shares of the company's stock worth $7,337,000 after purchasing an additional 30,222 shares in the last quarter. TD Asset Management Inc grew its holdings in Birkenstock by 30.8% during the first quarter. TD Asset Management Inc now owns 412,572 shares of the company's stock valued at $18,916,000 after purchasing an additional 97,200 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Birkenstock in the 4th quarter valued at approximately $283,000. Finally, Handelsbanken Fonder AB raised its position in shares of Birkenstock by 118.8% during the first quarter. Handelsbanken Fonder AB now owns 15,100 shares of the company's stock valued at $692,000 after buying an additional 8,200 shares during the last quarter. Hedge funds and other institutional investors own 19.93% of the company's stock.

Birkenstock Company Profile

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.

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