Birkenstock (NYSE:BIRK) Shares Up 4.2% – Should You Buy?

Birkenstock Holding PLC (NYSE:BIRK) shot up 4.2% during trading on Friday. The stock traded as high as $33.15 and last traded at $33.1240. 175,019 shares changed hands during trading, a decline of 93% from the average session volume of 2,460,287 shares. The stock had previously closed at $31.79.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Wall Street Zen raised shares of Birkenstock from a “sell” rating to a “hold” rating in a research note on Sunday, August 23rd. Williams Trading downgraded shares of Birkenstock from a “strong-buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Sanford C. Bernstein reiterated a “market perform” rating and set a $55.00 price target (up from $50.00) on shares of Birkenstock in a research note on Friday, August 14th. JPMorgan Chase & Co. boosted their price objective on Birkenstock from $49.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Birkenstock in a research note on Friday, July 31st. Thirteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Birkenstock currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.50.

Birkenstock Price Performance

The stock has a market cap of $5.91 billion, a P/E ratio of 15.59, a P/E/G ratio of 1.26 and a beta of 1.28. The business has a 50 day simple moving average of $36.24 and a 200-day simple moving average of $38.85. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.09 and a current ratio of 3.78.

Birkenstock (NYSE:BIRK) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.86 earnings per share 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 analysts’ expectations of $827.39 million. During the same period last year, the firm posted $0.62 earnings per share. Birkenstock’s quarterly revenue was up 13.3% compared to the same quarter last year. Birkenstock has set its FY 2026 guidance at 2.220-2.400 EPS. On average, sell-side analysts forecast that Birkenstock Holding PLC will post 2.2 EPS for the current year.

Hedge Funds Weigh In On Birkenstock

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

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.