BTIG Research Reaffirms Buy Rating for Birkenstock (NYSE:BIRK)

Birkenstock (NYSE:BIRK)‘s stock had its “buy” rating reissued by investment analysts at BTIG Research in a research note issued on Monday, MarketBeat reports. They currently have a $65.00 target price on the stock. BTIG Research’s price target indicates a potential upside of 58.92% from the stock’s current price.

Several other brokerages also recently commented on BIRK. Telsey Advisory Group reiterated an “outperform” rating and set a $70.00 price target on shares of Birkenstock in a report on Friday, December 12th. JPMorgan Chase & Co. decreased their price objective on shares of Birkenstock from $81.00 to $66.00 and set an “overweight” rating for the company in a report on Friday, September 19th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Birkenstock in a report on Monday, December 8th. Finally, Guggenheim raised shares of Birkenstock to a “strong-buy” rating in a research report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Birkenstock presently has an average rating of “Buy” and a consensus price target of $68.38.

Birkenstock Stock Down 11.9%

NYSE:BIRK traded down $5.50 during trading hours on Monday, reaching $40.90. The company’s stock had a trading volume of 8,089,947 shares, compared to its average volume of 1,994,657. Birkenstock has a one year low of $38.16 and a one year high of $62.66. The business’s 50-day moving average is $42.07 and its 200-day moving average is $46.98. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.78 and a quick ratio of 1.29. The company has a market cap of $7.68 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 0.90 and a beta of 1.14.

Birkenstock (NYSE:BIRK) last released its quarterly earnings results on Thursday, December 18th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.11. The company had revenue of $617.67 million during the quarter, compared to the consensus estimate of $521.12 million. Birkenstock had a return on equity of 11.52% and a net margin of 15.21%.The firm’s revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.29 EPS. Birkenstock has set its FY 2026 guidance at 2.220-2.40 EPS. Equities research analysts predict that Birkenstock will post 1.77 EPS for the current year.

Institutional Investors Weigh In On Birkenstock

A number of institutional investors have recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. lifted its position in shares of Birkenstock by 214.3% in the 2nd quarter. Balyasny Asset Management L.P. now owns 2,991,187 shares of the company’s stock worth $147,107,000 after acquiring an additional 2,039,623 shares during the period. Bamco Inc. NY boosted its stake in Birkenstock by 41.9% during the third quarter. Bamco Inc. NY now owns 6,353,801 shares of the company’s stock worth $287,509,000 after buying an additional 1,876,398 shares in the last quarter. Norges Bank bought a new stake in Birkenstock in the 2nd quarter valued at $62,097,000. Holocene Advisors LP lifted its holdings in shares of Birkenstock by 239.3% during the 2nd quarter. Holocene Advisors LP now owns 1,748,348 shares of the company’s stock worth $85,984,000 after acquiring an additional 1,233,085 shares during the period. Finally, T. Rowe Price Investment Management Inc. grew its position in Birkenstock by 25.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 5,167,145 shares of the company’s stock valued at $236,914,000 after acquiring an additional 1,042,891 shares during the period. 19.93% of the stock is owned by institutional investors and hedge funds.

About Birkenstock

Birkenstock Holding plc manufactures and sells footwear products. It also offers sandals, shoes, closed-toe silhouettes, skincare products, and accessories. The company sells its products through e-commerce sites and a network of owned retail stores, as well as business-to-business channels. It operates in the United States, Brazil, Canada, Mexico, Europe, APMA, and internationally.