Birkenstock Holding PLC (NYSE:BIRK) Stock Has Average Price Target of $52.50

Birkenstock Holding PLC (NYSE:BIRK) has been given an average recommendation of “Moderate Buy” by the nineteen analysts that are covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $52.50.

A number of research analysts have recently weighed in on BIRK shares. BTIG Research reaffirmed a “buy” rating and set a $60.00 price objective on shares of Birkenstock in a research report on Friday, August 14th. Zacks Research raised Birkenstock from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 1st. Seaport Research Partners downgraded Birkenstock from a “buy” rating to a “neutral” rating in a research note on Monday, July 20th. Guggenheim reaffirmed a “buy” rating and set a $55.00 target price on shares of Birkenstock in a research note on Friday, September 11th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Birkenstock from $49.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th.

Birkenstock Price Performance

NYSE BIRK opened at $33.56 on Monday. Birkenstock has a one year low of $29.93 and a one year high of $50.73. The stock has a 50-day moving average of $36.02 and a 200 day moving average of $38.81. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.09 and a current ratio of 3.78. The company has a market capitalization of $5.97 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 1.27 and a beta of 1.28.

Birkenstock (NYSE:BIRK) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.02). Birkenstock had a net margin of 14.82% and a return on equity of 13.36%. The company had revenue of $834.65 million for the quarter, compared to analysts’ expectations of $827.39 million. During the same period in the previous year, the business earned $0.62 EPS. The business’s 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, sell-side analysts forecast that Birkenstock will post 2.2 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Parallel Advisors LLC grew its holdings in shares of Birkenstock by 1,161.7% during the first quarter. Parallel Advisors LLC now owns 757 shares of the company’s stock valued at $27,000 after buying an additional 697 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Birkenstock by 125.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 768 shares of the company’s stock worth $28,000 after buying an additional 428 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Birkenstock during the 2nd quarter valued at approximately $34,000. State of Wyoming lifted its stake in Birkenstock by 72.9% during the 1st quarter. State of Wyoming now owns 3,250 shares of the company’s stock valued at $116,000 after acquiring an additional 1,370 shares during the period. Finally, Clearstead Advisors LLC raised its holdings in shares of Birkenstock by 176.4% during the fourth quarter. Clearstead Advisors LLC now owns 3,411 shares of the company’s stock worth $140,000 after purchasing an additional 2,177 shares during the last quarter. 19.93% of the stock is owned by hedge funds and other institutional investors.

About Birkenstock

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.