Guggenheim Reaffirms “Buy” Rating for Birkenstock (NYSE:BIRK)

Birkenstock (NYSE:BIRK)‘s stock had its “buy” rating reissued by analysts at Guggenheim in a report released on Friday,Benzinga reports. They presently have a $60.00 target price on the stock. Guggenheim’s target price would indicate a potential upside of 50.88% from the stock’s current price.

Other analysts also recently issued reports about the company. Wall Street Zen raised Birkenstock from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Telsey Advisory Group dropped their target price on Birkenstock from $60.00 to $45.00 and set an “outperform” rating on the stock in a report on Thursday, May 14th. The Goldman Sachs Group restated a “buy” rating on shares of Birkenstock in a research note on Friday, July 31st. Williams Trading lowered shares of Birkenstock from a “strong-buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Finally, Piper Sandler reissued an “overweight” rating and issued a $55.00 price objective (down from $60.00) on shares of Birkenstock in a research note on Monday, April 27th. Thirteen research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Birkenstock has a consensus rating of “Moderate Buy” and an average target price of $53.28.

Birkenstock Stock Down 3.0%

Shares of NYSE:BIRK opened at $39.77 on Friday. Birkenstock has a 1-year low of $31.12 and a 1-year high of $53.53. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.95 and a quick ratio of 1.19. The stock has a market cap of $7.31 billion, a P/E ratio of 17.95, a P/E/G ratio of 1.54 and a beta of 1.30. The firm has a fifty day moving average price of $43.10 and a 200 day moving average price of $40.09.

Birkenstock (NYSE:BIRK) last announced its earnings results on Wednesday, May 13th. The company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.12). The business had revenue of $714.40 million for the quarter, compared to analyst estimates of $716.62 million. Birkenstock had a return on equity of 12.95% and a net margin of 16.26%.Birkenstock’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company posted $0.63 EPS. Sell-side analysts predict that Birkenstock will post 2.27 EPS for the current year.

Insider Activity

In other news, insider Mehdi Nico Bouyakhf sold 60,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $42.07, for a total value of $2,524,200.00. Following the completion of the sale, the insider directly owned 61,153 shares of the company’s stock, valued at $2,572,706.71. This trade represents a 49.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Investors Weigh In On Birkenstock

Hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC boosted its position in shares of Birkenstock by 1,161.7% during the 1st quarter. Parallel Advisors LLC now owns 757 shares of the company’s stock worth $27,000 after purchasing an additional 697 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake 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 period. Morse Asset Management Inc purchased a new stake in Birkenstock during the third quarter worth about $28,000. Kestra Advisory Services LLC purchased a new stake in Birkenstock during the fourth quarter worth about $42,000. Finally, Quarry LP grew its position in Birkenstock by 99.2% during the third quarter. Quarry LP now owns 988 shares of the company’s stock worth $45,000 after buying an additional 492 shares during the period. Institutional investors and hedge funds own 19.93% of the company’s stock.

Birkenstock News Roundup

Here are the key news stories impacting Birkenstock this week:

• Positive Sentiment: Revenue beat and guidance increase: Fiscal third-quarter revenue rose roughly 13% year over year to approximately €719.5 million, or $821 million, exceeding analyst expectations. Management raised its full-year revenue-growth forecast, citing strong demand and continued full-price selling. Birkenstock raises annual revenue forecast on strong demand
• Positive Sentiment: Direct-to-consumer momentum: Revenue growth reached 15% on a constant-currency basis, led by the direct-to-consumer channel. New styles, pricing power and demand for sandals supported the quarter, while management pointed to potential global interest in its emerging ballerina trend. Birkenstock keeps its footing as new styles and pricing power drive growth
• Positive Sentiment: Analyst support: BTIG Research reaffirmed its “buy” rating and assigned a $60 price target, implying substantial upside from the reference price. This reinforces the bullish view following the results. BTIG Research rating update
• Neutral Sentiment: Profitability was slightly below expectations: Quarterly earnings of approximately $0.85–$0.86 per share narrowly missed consensus estimates of $0.86–$0.87, although earnings increased from the prior-year period. Full-year EPS guidance of $2.22–$2.40 brackets the current analyst consensus of $2.27.
• Negative Sentiment: Valuation remains a consideration: Some analysts view Birkenstock as less attractive at its current valuation despite the strong DTC acceleration, which could limit further gains if growth slows or consumer demand weakens. Birkenstock: Fantastic DTC Acceleration, But Not the Best Deal

Birkenstock Company Profile

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.