Birkenstock (NYSE:BIRK) Sets New 12-Month Low – Should You Sell?

Birkenstock Holding PLC (NYSE:BIRK) reached a new 52-week low during trading on Thursday . The stock traded as low as $30.81 and last traded at $30.7490, with a volume of 209780 shares traded. The stock had previously closed at $31.56.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BIRK. Williams Trading cut shares of Birkenstock from a “strong-buy” rating to a “hold” rating in a report on Sunday, August 2nd. Wall Street Zen upgraded shares of Birkenstock from a “sell” rating to a “hold” rating in a report on Sunday, August 23rd. Guggenheim reaffirmed a “buy” rating and issued a $55.00 target price on shares of Birkenstock in a research report on Friday. The Goldman Sachs Group reiterated a “buy” rating on shares of Birkenstock in a research note on Friday, July 31st. Finally, BTIG Research reissued a “buy” rating and set a $60.00 price target on shares of Birkenstock in a report on Friday, August 14th. Thirteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Birkenstock currently has an average rating of “Moderate Buy” and a consensus target price of $52.50.

Birkenstock Stock Up 1.5%

The company has a 50-day moving average price of $38.71 and a 200 day moving average price of $39.44. The firm has a market capitalization of $5.54 billion, a PE ratio of 14.59, a P/E/G ratio of 1.23 and a beta of 1.28. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.78 and a quick ratio of 2.09.

Birkenstock (NYSE:BIRK) last released its 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). The company had revenue of $834.65 million during the quarter, compared to analysts’ expectations of $827.39 million. Birkenstock had a return on equity of 13.36% and a net margin of 14.82%.Birkenstock’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the firm posted $0.62 EPS. Birkenstock has set its FY 2026 guidance at 2.220-2.400 EPS. Analysts forecast that Birkenstock Holding PLC will post 2.2 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Rice Hall James & Associates LLC grew its stake in Birkenstock by 26.5% in the 1st quarter. Rice Hall James & Associates LLC now owns 590,368 shares of the company’s stock worth $21,153,000 after acquiring an additional 123,791 shares in the last quarter. ABN Amro Investment Solutions bought a new stake in shares of Birkenstock during the first quarter valued at approximately $2,892,000. Bank of New York Mellon Corp purchased a new stake in shares of Birkenstock in the second quarter valued at approximately $4,772,000. Entropy Technologies LP purchased a new stake in shares of Birkenstock in the first quarter valued at approximately $1,075,000. Finally, SummitTX Capital L.P. grew its stake in Birkenstock by 1,301.0% in the first quarter. SummitTX Capital L.P. now owns 89,368 shares of the company’s stock worth $3,202,000 after purchasing an additional 82,989 shares in the last quarter. Hedge funds and other institutional investors 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.