Birkenstock (NYSE:BIRK) Price Target Lowered to $60.00 at BTIG Research

Birkenstock (NYSE:BIRK) had its price objective decreased by equities researchers at BTIG Research from $65.00 to $60.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. BTIG Research’s target price would suggest a potential upside of 81.56% from the company’s previous close.

A number of other analysts also recently issued reports on BIRK. New Street Research set a $47.00 price target on Birkenstock in a research report on Tuesday, January 27th. The Goldman Sachs Group restated a “buy” rating and issued a $59.00 target price on shares of Birkenstock in a research report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft set a $49.00 target price on Birkenstock in a research report on Friday, February 13th. Piper Sandler restated an “overweight” rating and issued a $55.00 target price (down from $60.00) on shares of Birkenstock in a research report on Monday, April 27th. Finally, Morgan Stanley restated a “positive” rating and issued a $47.00 target price on shares of Birkenstock in a research report on Tuesday, January 27th. Sixteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $58.24.

Birkenstock Stock Performance

Shares of BIRK opened at $33.05 on Thursday. The company has a market cap of $6.08 billion, a PE ratio of 14.47, a price-to-earnings-growth ratio of 1.45 and a beta of 1.15. The company has a current ratio of 3.13, a quick ratio of 1.04 and a debt-to-equity ratio of 0.46. The stock has a 50-day moving average price of $37.60 and a 200-day moving average price of $39.85. Birkenstock has a 12-month low of $32.44 and a 12-month high of $59.50.

Hedge Funds Weigh In On Birkenstock

A number of large investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC increased its stake in Birkenstock by 7.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,174 shares of the company’s stock worth $221,000 after purchasing an additional 348 shares during the period. State Board of Administration of Florida Retirement System increased its stake in Birkenstock by 9.0% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 5,110 shares of the company’s stock worth $209,000 after purchasing an additional 420 shares during the period. Illinois Municipal Retirement Fund increased its stake in Birkenstock by 1.3% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 35,968 shares of the company’s stock worth $1,628,000 after purchasing an additional 448 shares during the period. Smartleaf Asset Management LLC increased its stake in Birkenstock by 30.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,951 shares of the company’s stock worth $87,000 after purchasing an additional 458 shares during the period. Finally, Public Employees Retirement System of Ohio increased its stake in Birkenstock by 2.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 16,990 shares of the company’s stock worth $769,000 after purchasing an additional 460 shares during the period. 19.93% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Birkenstock

Here are the key news stories impacting Birkenstock this week:

• Positive Sentiment: Birkenstock reported revenue of about €716 million, up roughly 8% reported and 14% in constant currency, showing demand for its sandals and footwear remains resilient. Birkenstock Reports Fiscal Second Quarter 2026 Results with Revenue Growth Of 14% In Constant FX Despite War, Tariffs and Inflation; Confirms Full-Year Target Of 13-15%
• Positive Sentiment: The company maintained its full-year revenue target, suggesting management still sees healthy demand despite a tougher operating environment. Birkenstock Reports Fiscal Second Quarter 2026 Results with Revenue Growth Of 14% In Constant FX Despite War, Tariffs and Inflation; Confirms Full-Year Target Of 13-15%
• Neutral Sentiment: Birkenstock also issued FY2026 guidance with revenue above consensus, but EPS guidance below expectations, which leaves investors split between top-line strength and margin pressure. Birkenstock misses sales estimates, flags Middle East hit
• Negative Sentiment: Quarterly EPS of $0.58 missed the consensus estimate of $0.70, and revenue also came in slightly below expectations, signaling weaker profitability than analysts anticipated. Birkenstock (BIRK) Misses Q2 Earnings and Revenue Estimates
• Negative Sentiment: Management warned that tariffs, foreign exchange swings, and Middle East conflict are squeezing margins and raising costs, which is a key reason the stock has been falling. Birkenstock warns of higher costs from tariffs, Middle East conflict
• Negative Sentiment: Reports also noted tighter margins and softer profit growth, reinforcing concerns that cost pressures may outweigh strong sales growth in the near term. EXEC: Birkenstock Maintains Double-Digit Growth in Fiscal Q2 but Margins Tighten and Profits Sink

About Birkenstock

Birkenstock Group AG, listed on the New York Stock Exchange under the symbol BIRK, is a global footwear manufacturer renowned for its anatomically contoured footbeds and iconic sandal designs. The company’s core product lines include classic models such as the Arizona, Boston and Madrid, alongside a range of clogs, shoes and orthotic insoles. In addition to footwear, Birkenstock offers complementary accessories, including socks and leather care products, reinforcing its commitment to foot health and comfort.

Birkenstock reaches consumers through a diversified distribution network that combines direct-to-consumer channels—such as branded retail stores and e-commerce platforms—with wholesale partnerships spanning specialty footwear retailers, department stores and select online marketplaces.