Birkenstock Holding PLC (NYSE:BIRK) Stock Has Consensus Target Price of $52.50 According to Brokerages

by · The Markets Daily

Birkenstock Holding PLC (NYSE:BIRK – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the nineteen research firms that are currently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $52.50.

BIRK has been the topic of a number of research analyst reports. Raymond James Financial began coverage on Birkenstock in a research report on Wednesday, July 1st. They set an “outperform” rating and a $52.00 price target on the stock. Zacks Research upgraded Birkenstock from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 1st. BMO Capital Markets started coverage on Birkenstock in a research note on Tuesday, September 8th. They issued a “market perform” rating and a $35.00 price objective on the stock. The Goldman Sachs Group restated a “buy” rating on shares of Birkenstock in a report on Friday, July 31st. Finally, Wall Street Zen upgraded Birkenstock from a “sell” rating to a “hold” rating in a research note on Sunday, August 23rd.

Get Our Latest Report on Birkenstock

Birkenstock Trading Down 0.1%

Shares of Birkenstock stock opened at $33.56 on Monday. Birkenstock has a 12-month low of $29.93 and a 12-month high of $50.73. The stock has a market capitalization of $5.97 billion, a P/E ratio of 15.73, a price-to-earnings-growth ratio of 1.34 and a beta of 1.28. The company has a 50-day simple moving average of $36.02 and a 200 day simple moving average of $38.82. The company has a quick ratio of 2.09, a current ratio of 3.78 and a debt-to-equity ratio of 0.67.

Birkenstock (NYSE:BIRK – Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.02). Birkenstock had a return on equity of 13.36% and a net margin of 14.82%.The firm had revenue of $834.65 million for the quarter, compared to the consensus estimate of $827.39 million. During the same period in the prior year, the company 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. Research analysts expect that Birkenstock will post 2.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Birkenstock

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. lifted its position in shares of Birkenstock by 11.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 11,886,454 shares of the company’s stock worth $486,156,000 after purchasing an additional 1,264,841 shares in the last quarter. Bamco Inc. NY increased its holdings 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 raised its position in 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 purchasing an additional 956,167 shares during the last quarter. Swedbank AB raised its position in Birkenstock by 25.0% in the 4th quarter. Swedbank AB now owns 1,500,000 shares of the company’s stock worth $61,350,000 after purchasing an additional 300,000 shares during the last quarter. Finally, Norges Bank acquired a new position in Birkenstock during the 4th quarter worth $34,814,000. Institutional investors and hedge funds own 19.93% of the company’s stock.

About Birkenstock

(Get Free Report)

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.

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