Birkenstock Holding PLC (NYSE:BIRK) Receives $52.50 Average Target Price from Analysts

Shares of Birkenstock Holding PLC (NYSE:BIRK) have received a consensus recommendation of “Moderate Buy” from the nineteen research firms that are covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $52.50.

Several brokerages recently weighed in on BIRK. The Goldman Sachs Group reaffirmed 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. JPMorgan Chase & Co. lifted their price objective on Birkenstock from $49.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. Sanford C. Bernstein restated a “market perform” rating and issued a $55.00 target price (up from $50.00) on shares of Birkenstock in a research note on Friday, August 14th. Finally, BMO Capital Markets assumed coverage on Birkenstock in a research note on Tuesday, September 8th. They set a “market perform” rating and a $35.00 price target on the stock.

Birkenstock Trading Down 0.8%

Shares of Birkenstock stock opened at $31.43 on Monday. Birkenstock has a 1-year low of $29.93 and a 1-year high of $50.73. The company’s fifty day simple moving average is $36.49 and its 200-day simple moving average is $38.89. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.78 and a quick ratio of 2.09. The stock has a market capitalization of $5.59 billion, a PE ratio of 14.73, a P/E/G ratio of 1.26 and a beta of 1.28.

Birkenstock (NYSE:BIRK) last announced its earnings results on Thursday, August 13th. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $827.39 million. During the same period in the prior year, the business posted $0.62 earnings per share. Birkenstock’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 anticipate that Birkenstock will post 2.2 earnings per share for the current year.

Hedge Funds Weigh In On Birkenstock

A number of large investors have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. grew its stake in Birkenstock by 11.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 11,886,454 shares of the company’s stock valued at $486,156,000 after acquiring an additional 1,264,841 shares during the period. Bamco Inc. NY grew its position in shares of Birkenstock by 25.4% in the fourth quarter. Bamco Inc. NY now owns 7,966,037 shares of the company’s stock valued at $325,811,000 after purchasing an additional 1,612,236 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Birkenstock by 30.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,049,787 shares of the company’s stock worth $145,078,000 after acquiring an additional 956,167 shares during the last quarter. Swedbank AB raised its stake in Birkenstock by 6.7% during the first quarter. Swedbank AB now owns 1,600,000 shares of the company’s stock worth $57,328,000 after purchasing an additional 100,000 shares during the period. Finally, Norges Bank acquired a new position in Birkenstock in the fourth quarter valued at approximately $34,814,000. Institutional investors and hedge funds own 19.93% of the company’s stock.

About Birkenstock

Birkenstock Holding plc is a global footwear company best known for its anatomically shaped cork-latex footbed and distinctive sandals. The company offers a range of footwear, including sandals, shoes, clogs, boots and sneakers, as well as accessories and foot-care products.

Birkenstock traces its roots to 1774, when Johann Adam Birkenstock was listed as a shoemaker in Germany. The company’s products are sold through its own retail stores and e-commerce platforms, as well as through independent retailers and distributors.