Telsey Advisory Group Forecasts Birkenstock FY2025 Earnings

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) - Analysts at Telsey Advisory Group raised their FY2025 earnings estimates for Birkenstock in a research report issued to clients and investors on Tuesday, August 5th. Telsey Advisory Group analyst D. Telsey now expects that the company will post earnings per share of $1.89 for the year, up from their prior forecast of $1.88. Telsey Advisory Group has a "Outperform" rating and a $70.00 price target on the stock. The consensus estimate for Birkenstock's current full-year earnings is $1.77 per share.

BIRK has been the topic of several other research reports. William Blair restated an "outperform" rating on shares of Birkenstock in a research report on Tuesday, June 3rd. Bank of America lifted their target price on shares of Birkenstock from $70.00 to $73.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Stifel Nicolaus lifted their price target on shares of Birkenstock from $62.00 to $70.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. UBS Group set a $77.00 target price on shares of Birkenstock and gave the company a "buy" rating in a report on Tuesday, August 5th. Finally, BTIG Research upped their price target on shares of Birkenstock from $70.00 to $72.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Thirteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $68.58.

Birkenstock Stock Performance

Shares of BIRK stock traded down $0.54 during trading on Thursday, reaching $47.66. 788,708 shares of the company's stock traded hands, compared to its average volume of 1,895,597. The company has a market capitalization of $8.95 billion, a P/E ratio of 33.57, a PEG ratio of 1.15 and a beta of 1.31. The company has a current ratio of 3.06, a quick ratio of 1.34 and a debt-to-equity ratio of 0.47. The firm's 50-day moving average is $50.86 and its 200 day moving average is $50.86. Birkenstock has a 1 year low of $40.56 and a 1 year high of $64.78.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. raised its position in shares of 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 purchasing an additional 203,918 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Birkenstock by 23.3% in the 1st quarter. Bank of New York Mellon Corp now owns 160,030 shares of the company's stock valued at $7,337,000 after purchasing an additional 30,222 shares in the last quarter. TD Asset Management Inc raised its position in shares of Birkenstock by 30.8% in the 1st 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 in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Birkenstock in the 4th quarter valued at approximately $283,000. Finally, Handelsbanken Fonder AB raised its position in shares of Birkenstock by 118.8% in the 1st quarter. Handelsbanken Fonder AB now owns 15,100 shares of the company's stock valued at $692,000 after purchasing an additional 8,200 shares in the last quarter. Institutional investors and hedge funds 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.