Birkenstock (NYSE:BIRK) Hits New 12-Month Low - Here's Why

Key Points

• Birkenstock shares hit a new 52-week low, falling 2.1% to around $30 during mid-day trading. The stock remains well below its 50-day and 200-day moving averages of $38.09 and $39.32, respectively.
• Despite the decline, analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $52.50. Thirteen analysts rate the stock a Buy, while six recommend Hold.
• Birkenstock’s latest quarter showed 13.3% year-over-year revenue growth to $834.65 million, though EPS of $0.86 missed estimates by $0.02. Institutional investors and hedge funds own nearly 20% of the company and several major holders recently increased their positions.

Birkenstock Holding PLC (NYSE:BIRK - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $29.93 and last traded at $30.0140, with a volume of 1867433 shares traded. The stock had previously closed at $30.66.

Wall Street Analysts Forecast Growth

Several research firms have commented on BIRK. Raymond James Financial began coverage on Birkenstock in a research report on Wednesday, July 1st. They set an "outperform" rating and a $52.00 price target on the stock. The Goldman Sachs Group restated a "buy" rating on shares of Birkenstock in a research report on Friday, July 31st. Zacks Research raised shares of Birkenstock from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 1st. UBS Group reiterated a "buy" rating on shares of Birkenstock in a research report on Friday. Finally, BTIG Research reiterated a "buy" rating and set a $60.00 price target on shares of Birkenstock in a research note on Friday, August 14th. Thirteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Birkenstock has a consensus rating of "Moderate Buy" and a consensus target price of $52.50.

Birkenstock Stock Down 2.1%

The firm has a 50 day simple moving average of $38.09 and a two-hundred day simple moving average of $39.32. The company has a market capitalization of $5.34 billion, a PE ratio of 14.06, a P/E/G ratio of 1.22 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 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 analysts' expectations of $827.39 million. During the same quarter last year, the company earned $0.62 EPS. Birkenstock's revenue for the quarter was up 13.3% compared to the same quarter last year. Birkenstock has set its FY 2026 guidance at 2.220-2.400 EPS. Research analysts expect that Birkenstock Holding PLC will post 2.2 EPS for the current year.

Institutional Trading of Birkenstock

Hedge funds have recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. increased its stake in shares of Birkenstock by 11.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 11,886,454 shares of the company's stock worth $486,156,000 after acquiring an additional 1,264,841 shares during the period. Bamco Inc. NY increased its position in Birkenstock by 25.4% during the 4th quarter. Bamco Inc. NY now owns 7,966,037 shares of the company's stock worth $325,811,000 after purchasing an additional 1,612,236 shares during the period. Dimensional Fund Advisors LP increased its position in 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. Swedbank AB raised its stake in shares of Birkenstock by 25.0% during the 4th quarter. Swedbank AB now owns 1,500,000 shares of the company's stock worth $61,350,000 after buying an additional 300,000 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Birkenstock in the 4th quarter valued at approximately $34,814,000. Institutional investors and hedge funds own 19.93% of the company's stock.

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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