Birkenstock (NYSE:BIRK) Raised to “Hold” at BMO Capital Markets

Birkenstock (NYSE:BIRK) was upgraded by equities research analysts at BMO Capital Markets to a “hold” rating in a research report issued on Tuesday, Zacks reports.

BIRK has been the topic of a number of other reports. Morgan Stanley set a $41.00 price target on shares of Birkenstock in a research report on Thursday, May 14th. Raymond James Financial began coverage on Birkenstock in a research note on Wednesday, July 1st. They set an “outperform” rating and a $52.00 price objective on the stock. JPMorgan Chase & Co. lifted their target price on Birkenstock from $49.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. UBS Group decreased their target price on Birkenstock from $77.00 to $76.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Finally, William Blair downgraded Birkenstock from an “outperform” rating to a “market perform” rating and set a $44.00 price target for the company. in a report on Monday, August 3rd. Thirteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Birkenstock currently has an average rating of “Moderate Buy” and an average target price of $52.79.

Birkenstock Stock Performance

Shares of BIRK stock opened at $30.63 on Tuesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.78 and a quick ratio of 2.09. The stock has a market cap of $5.45 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 1.26 and a beta of 1.28. The stock has a 50-day moving average of $39.01 and a 200-day moving average of $39.50. Birkenstock has a one year low of $30.25 and a one year high of $50.73.

Birkenstock (NYSE:BIRK) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.02). The firm had revenue of $834.65 million for the quarter, compared to the consensus estimate of $827.39 million. Birkenstock had a return on equity of 13.36% and a net margin of 14.82%.The firm’s revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.62 EPS. Birkenstock has set its FY 2026 guidance at 2.220-2.400 EPS. As a group, sell-side analysts expect that Birkenstock will post 2.2 earnings per share for the current year.

Institutional Trading of Birkenstock

A number of institutional investors have recently made changes to their positions in BIRK. State Board of Administration of Florida Retirement System lifted its holdings in Birkenstock by 9.0% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 5,110 shares of the company’s stock valued at $209,000 after purchasing an additional 420 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Birkenstock by 125.9% in the first quarter. EverSource Wealth Advisors LLC now owns 768 shares of the company’s stock valued at $28,000 after purchasing an additional 428 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Birkenstock by 2.8% in the third quarter. Public Employees Retirement System of Ohio now owns 16,990 shares of the company’s stock valued at $769,000 after purchasing an additional 460 shares during the last quarter. GW&K Investment Management LLC raised its position in shares of Birkenstock by 77.4% in the fourth quarter. GW&K Investment Management LLC now owns 1,114 shares of the company’s stock valued at $46,000 after purchasing an additional 486 shares during the period. Finally, NewEdge Advisors LLC raised its position in shares of Birkenstock by 61.0% in the first quarter. NewEdge Advisors LLC now owns 1,288 shares of the company’s stock valued at $59,000 after purchasing an additional 488 shares during the period. 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.