Birkenstock (NYSE:BIRK) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of Birkenstock (NYSE:BIRK) to a hold rating in a report issued on Tuesday morning,Zacks reports.

Several other equities analysts also recently weighed in on BIRK. Stifel Nicolaus set a $51.00 target price on shares of Birkenstock in a research note on Wednesday, May 13th. Williams Trading cut shares of Birkenstock from a “strong-buy” rating to a “hold” rating in a research note on Sunday, August 2nd. Guggenheim restated a “buy” rating and set a $60.00 price target on shares of Birkenstock in a research note on Friday, August 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $41.00 price objective on shares of Birkenstock in a research note on Thursday, May 14th. Finally, William Blair cut shares of Birkenstock from an “outperform” rating to a “market perform” rating and set a $44.00 target price on the stock. in a report on Monday, August 3rd. Thirteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Birkenstock presently has an average rating of “Moderate Buy” and an average price target of $52.79.

Birkenstock Stock Down 2.9%

BIRK stock opened at $30.63 on Tuesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.09 and a current ratio of 3.78. The company has a market capitalization of $5.45 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 1.26 and a beta of 1.28. Birkenstock has a fifty-two week low of $30.25 and a fifty-two week high of $50.73. The stock has a fifty day moving average of $39.01 and a 200-day moving average of $39.50.

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

Institutional Trading of Birkenstock

Institutional investors and hedge funds have recently modified their holdings of the business. Bamco Inc. NY raised its position in shares of Birkenstock by 25.4% during the 4th quarter. Bamco Inc. NY now owns 7,966,037 shares of the company’s stock valued at $325,811,000 after buying an additional 1,612,236 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Birkenstock by 11.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 11,886,454 shares of the company’s stock worth $486,156,000 after acquiring an additional 1,264,841 shares during the last quarter. Holocene Advisors LP grew its position in Birkenstock by 239.3% in the second 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 in the last quarter. Dimensional Fund Advisors LP grew its position in Birkenstock by 61.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,093,620 shares of the company’s stock worth $126,534,000 after acquiring an additional 1,181,919 shares in the last quarter. Finally, Durable Capital Partners LP bought a new position in Birkenstock in the third quarter valued at $40,121,000. Hedge funds and other institutional investors 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.