Birkenstock (NYSE:BIRK) Stock Price Breaks Above 200-Day Moving Average - Here's What Happened

Birkenstock Holding PLC (NYSE:BIRK - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $38.13 and traded as high as $39.15. Birkenstock shares last traded at $38.7630, with a volume of 1,778,455 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have commented on BIRK shares. Seaport Research Partners lowered Birkenstock from a "buy" rating to a "neutral" rating in a research report on Monday, July 20th. Telsey Advisory Group raised their price objective on shares of Birkenstock from $45.00 to $50.00 and gave the company an "outperform" rating in a research report on Friday, August 14th. JPMorgan Chase & Co. raised their target price on Birkenstock from $49.00 to $58.00 and gave the company an "overweight" rating in a report on Tuesday, August 4th. Williams Trading cut Birkenstock from a "hold" rating to a "strong sell" rating in a report on Friday, October 16th. Finally, Wall Street Zen raised Birkenstock from a "sell" rating to a "hold" rating in a report on Sunday, August 23rd. Thirteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $51.91.

Birkenstock Trading Up 3.9%

The business has a 50 day simple moving average of $33.25 and a two-hundred day simple moving average of $38.13. The company has a current ratio of 3.78, a quick ratio of 2.09 and a debt-to-equity ratio of 0.67. The company has a market cap of $6.90 billion, a PE ratio of 18.16, a price-to-earnings-growth 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 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.02). Birkenstock had a net margin of 14.82% and a return on equity of 13.36%. The business had revenue of $834.65 million during the quarter, compared to analysts' expectations of $827.39 million. During the same quarter last year, the firm earned $0.62 EPS. The firm's quarterly revenue was up 13.3% compared to the same quarter last year. Birkenstock has set its FY 2026 guidance at 2.220-2.400 EPS. On average, analysts forecast that Birkenstock Holding PLC will post 2.19 EPS for the current fiscal year.

Institutional Trading of Birkenstock

A number of institutional investors have recently modified their holdings of BIRK. Russell Investments Group Ltd. grew its stake in Birkenstock by 132.1% during the third quarter. Russell Investments Group Ltd. now owns 49,529 shares of the company's stock worth $1,605,000 after buying an additional 28,190 shares during the period. Illinois Municipal Retirement Fund purchased a new stake in shares of Birkenstock during the third quarter worth about $769,000. Van Berkom & Associates Inc. acquired a new stake in Birkenstock during the 3rd quarter valued at approximately $50,000. Signaturefd LLC grew its stake in Birkenstock by 457.3% during the 3rd quarter. Signaturefd LLC now owns 836 shares of the company's stock valued at $27,000 after purchasing an additional 686 shares in the last quarter. Finally, Sterling Capital Management LLC increased its holdings in Birkenstock by 25.7% during the 3rd quarter. Sterling Capital Management LLC now owns 1,518 shares of the company's stock worth $49,000 after purchasing an additional 310 shares during the last quarter. Hedge funds and other institutional investors own 19.93% of the company's stock.

Birkenstock Company Profile

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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