Birkenstock's (BIRK) Outperform Rating Reiterated at Telsey Advisory Group

Key Points

• The Telsey Advisory Group reiterated its "outperform" rating for Birkenstock, setting a target price of $70.00, which indicates an upside potential of 39.18% from the current stock price.
• Birkenstock recently reported a quarterly earnings per share of $0.58, which surpassed analysts' estimates, alongside a revenue increase of 19.3% year-over-year.
• Thirteen research analysts currently rate the stock as a "buy," leading to a consensus rating of "Buy" with a consensus price target of $68.50.

Telsey Advisory Group reissued their outperform rating on shares of Birkenstock (NYSE:BIRK - Free Report) in a report released on Tuesday morning,Benzinga reports. They currently have a $70.00 target price on the stock. Telsey Advisory Group also issued estimates for Birkenstock's Q3 2025 earnings at $0.67 EPS, Q4 2025 earnings at $0.38 EPS, FY2025 earnings at $1.89 EPS and FY2026 earnings at $2.28 EPS.

A number of other brokerages have also commented on BIRK. Stifel Nicolaus raised their price objective on shares of Birkenstock from $62.00 to $70.00 and gave the stock a "buy" rating in a report on Friday, May 16th. BMO Capital Markets increased their target price on Birkenstock from $70.00 to $75.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Piper Sandler cut their price target on Birkenstock from $70.00 to $60.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. BTIG Research upped their price objective on Birkenstock from $70.00 to $72.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Finally, UBS Group increased their price objective on Birkenstock from $72.00 to $76.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Thirteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $68.58.

Birkenstock Trading Down 0.6%

Shares of BIRK traded down $0.31 during trading hours on Tuesday, reaching $48.20. The stock had a trading volume of 1,235,681 shares, compared to its average volume of 1,886,562. The company has a market cap of $9.05 billion, a P/E ratio of 33.94, a P/E/G ratio of 1.16 and a beta of 1.31. The company has a quick ratio of 1.34, a current ratio of 3.06 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average of $50.86 and a 200 day moving average of $50.97. Birkenstock has a 52 week low of $40.56 and a 52 week high of $64.78.

Birkenstock (NYSE:BIRK - Get Free Report) last posted its 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. The business had revenue of $623.54 million during the quarter, compared to analysts' expectations of $567.84 million. Birkenstock had a return on equity of 10.22% and a net margin of 12.86%. Birkenstock's revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.38 EPS. On average, sell-side analysts expect that Birkenstock will post 1.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Birkenstock

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

About Birkenstock

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.