Birkenstock (NYSE:BIRK) Stock Sees Heavy Call Option Buying

Birkenstock Holding PLC (NYSE:BIRK) saw unusually large options trading on Thursday. Stock traders acquired 8,849 call options on the stock. This represents an increase of 127% compared to the average volume of 3,892 call options.

Birkenstock Trading Up 1.8%

NYSE BIRK opened at $32.99 on Friday. The business has a 50 day moving average price of $35.28 and a 200-day moving average price of $38.70. Birkenstock has a 52 week low of $29.93 and a 52 week high of $50.73. The company has a quick ratio of 2.09, a current ratio of 3.78 and a debt-to-equity ratio of 0.67. The company has a market cap of $5.87 billion, a price-to-earnings ratio of 15.46, a P/E/G ratio of 1.29 and a beta of 1.30.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BIRK. WINTON GROUP Ltd purchased a new position in shares of Birkenstock during the 2nd quarter valued at $417,000. Integrated Wealth Concepts LLC bought a new stake in shares of Birkenstock during the 2nd quarter valued at $34,000. Squarepoint Ops LLC raised its stake in shares of Birkenstock by 438.0% during the 2nd 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 during the period. Corient Private Wealth LP purchased a new stake in Birkenstock during the 2nd quarter worth about $3,703,000. Finally, Public Employees Retirement System of Ohio bought a new position in Birkenstock in the 2nd quarter worth about $501,000. 19.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BIRK has been the subject of a number of research reports. The Goldman Sachs Group reiterated a “buy” rating on shares of Birkenstock in a report on Friday, July 31st. Williams Trading downgraded shares of Birkenstock from a “strong-buy” rating to a “hold” rating in a research note on Sunday, August 2nd. 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. Weiss Ratings cut Birkenstock from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, September 22nd. Finally, William Blair cut shares of Birkenstock from an “outperform” rating to a “market perform” rating and set a $44.00 price objective for the company. in a research report on Monday, August 3rd. Thirteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Birkenstock presently has a consensus rating of “Moderate Buy” and an average price target of $52.50.

About Birkenstock

Birkenstock is a global footwear company best known for its contoured cork-latex footbed, which is designed to support the natural shape of the foot. The company offers sandals, shoes, clogs, boots and other footwear, along with accessories and foot-care products. Its portfolio includes classic styles such as Arizona, Boston, Madrid and Gizeh.

Birkenstock traces its roots to 1774, when Johann Adam Birkenstock was recorded as a shoemaker in Germany. The company’s modern footbed concept was developed in the late 19th and early 20th centuries, helping establish its reputation for comfort, functionality and orthopedic-inspired design.