Birkenstock (NYSE:BIRK) Stock Sees Heavy Call Option Buying

Key Points

• Birkenstock saw unusually heavy call-option activity, with traders purchasing 8,849 calls—127% above the typical daily volume.
• The stock rose 2.2% to $33.11, but remains well below its 12-month high of $50.73 and its 50-day and 200-day moving averages.
• Despite a slight quarterly EPS miss, revenue increased 13.3% year over year, and analysts maintain a consensus “Moderate Buy” rating with a $52.50 price target.

Birkenstock Holding PLC (NYSE:BIRK - Get Free Report) was the target of unusually large options trading on Thursday. Traders acquired 8,849 call options on the company. This is an increase of 127% compared to the typical daily volume of 3,892 call options.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in Birkenstock by 125.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 768 shares of the company's stock valued at $28,000 after buying an additional 428 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Birkenstock by 1,161.7% in the first quarter. Parallel Advisors LLC now owns 757 shares of the company's stock valued at $27,000 after acquiring an additional 697 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Birkenstock during the second quarter valued at approximately $34,000. PNC Financial Services Group Inc. boosted its position in Birkenstock by 12.2% in the first quarter. PNC Financial Services Group Inc. now owns 11,689 shares of the company's stock worth $419,000 after purchasing an additional 1,270 shares during the last quarter. Finally, State of Wyoming boosted its position in Birkenstock by 72.9% in the first quarter. State of Wyoming now owns 3,250 shares of the company's stock worth $116,000 after purchasing an additional 1,370 shares during the last quarter. 19.93% of the stock is currently owned by hedge funds and other institutional investors.

Birkenstock Stock Up 2.2%

Shares of NYSE:BIRK traded up $0.70 during mid-day trading on Thursday, hitting $33.11. 602,625 shares of the company traded hands, compared to its average volume of 2,463,079. The stock has a 50-day moving average price of $35.43 and a two-hundred day moving average price of $38.73. Birkenstock has a 12-month low of $29.93 and a 12-month high of $50.73. The stock has a market cap of $5.89 billion, a P/E ratio of 15.54, a P/E/G ratio of 1.32 and a beta of 1.28. The company has a current ratio of 3.78, a quick ratio of 2.09 and a debt-to-equity ratio of 0.67.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. William Blair cut Birkenstock from an "outperform" rating to a "market perform" rating and set a $44.00 price objective for the company. in a research note on Monday, August 3rd. BTIG Research reiterated a "buy" rating and issued a $60.00 target price on shares of Birkenstock in a report on Friday, August 14th. Sanford C. Bernstein reissued a "market perform" rating and issued a $55.00 price target (up from $50.00) on shares of Birkenstock in a research report on Friday, August 14th. BMO Capital Markets began coverage on shares of Birkenstock in a research note on Tuesday, September 8th. They set a "market perform" rating and a $35.00 price target for the company. Finally, Williams Trading downgraded shares of Birkenstock from a "strong-buy" rating to a "hold" rating in a report on Sunday, August 2nd. Thirteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.50.

Birkenstock Company Profile

Birkenstock is a global footwear company best known for its contoured cork-latex footbed, which is designed to support the natural shape of the foot. The company offers sandals, shoes, clogs, boots and other footwear, along with accessories and foot-care products. Its portfolio includes classic styles such as Arizona, Boston, Madrid and Gizeh.

Birkenstock traces its roots to 1774, when Johann Adam Birkenstock was recorded as a shoemaker in Germany. The company's modern footbed concept was developed in the late 19th and early 20th centuries, helping establish its reputation for comfort, functionality and orthopedic-inspired design.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.