Birkenstock (NYSE:BIRK) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Birkenstock Holding PLC (NYSE:BIRK) shares crossed above its 200-day moving average during trading on Monday. The stock has a 200-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.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. William Blair downgraded shares of Birkenstock from an “outperform” rating to a “market perform” rating and set a $44.00 target price for the company. in a report on Monday, August 3rd. The Goldman Sachs Group reissued a “buy” rating on shares of Birkenstock in a report on Friday, July 31st. Seaport Research Partners cut Birkenstock from a “buy” rating to a “neutral” rating in a report on Monday, July 20th. Zacks Research raised Birkenstock from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 1st. Finally, JPMorgan Chase & Co. upped their price objective on Birkenstock from $49.00 to $58.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. Thirteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $51.91.

Birkenstock Stock Performance

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 $6.51 billion, a P/E ratio of 17.16, a P/E/G ratio of 1.23 and a beta of 1.26. The business’s fifty day simple moving average is $33.35 and its 200-day simple moving average is $38.10.

Birkenstock (NYSE:BIRK) last announced 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). 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%. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.62 EPS. Birkenstock has set its FY 2026 guidance at 2.220-2.400 EPS. As a group, equities analysts anticipate that Birkenstock Holding PLC will post 2.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Birkenstock

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BIRK. Dimensional Fund Advisors LP grew its holdings in Birkenstock by 30.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,049,787 shares of the company’s stock valued at $145,078,000 after buying an additional 956,167 shares in the last quarter. Rice Hall James & Associates LLC raised its holdings in shares of Birkenstock by 26.5% during 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. Cercano Management LLC purchased a new stake in shares of Birkenstock during the 3rd quarter worth approximately $6,196,000. Bank of New York Mellon Corp bought a new position in shares of Birkenstock during the 2nd quarter valued at approximately $4,772,000. Finally, Squarepoint Ops LLC grew its holdings in shares of Birkenstock by 438.0% in the second quarter. Squarepoint Ops LLC now owns 99,537 shares of the company’s stock valued at $4,283,000 after purchasing an additional 81,037 shares in the last quarter. 19.93% of the stock is owned by institutional investors.

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.