Birkenstock (NYSE:BIRK) Earns Buy Rating from Guggenheim

Birkenstock (NYSE:BIRK)‘s stock had its “buy” rating reissued by Guggenheim in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $60.00 target price on the stock. Guggenheim’s target price indicates a potential upside of 46.70% from the stock’s previous close.

BIRK has been the topic of a number of other research reports. Jefferies Financial Group set a $60.00 target price on shares of Birkenstock in a report on Thursday. JPMorgan Chase & Co. decreased their price objective on Birkenstock from $81.00 to $66.00 and set an “overweight” rating on the stock in a research note on Friday, September 19th. BTIG Research reissued a “buy” rating and set a $65.00 price objective (down previously from $72.00) on shares of Birkenstock in a report on Monday. Weiss Ratings restated a “hold (c-)” rating on shares of Birkenstock in a research note on Monday. Finally, Stifel Nicolaus set a $58.00 price target on Birkenstock in a research report on Thursday. Fourteen analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Birkenstock has an average rating of “Moderate Buy” and an average price target of $65.69.

Birkenstock Price Performance

NYSE BIRK opened at $40.90 on Friday. The company has a quick ratio of 1.29, a current ratio of 2.78 and a debt-to-equity ratio of 0.50. The company has a market cap of $7.68 billion, a PE ratio of 22.72, a price-to-earnings-growth ratio of 0.89 and a beta of 1.14. Birkenstock has a 52 week low of $38.16 and a 52 week high of $62.66. The firm’s 50-day simple moving average is $42.02 and its two-hundred day simple moving average is $46.94.

Birkenstock (NYSE:BIRK) last posted its earnings results on Thursday, December 18th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.11. Birkenstock had a net margin of 15.21% and a return on equity of 11.52%. The firm had revenue of $617.67 million during the quarter, compared to the consensus estimate of $521.12 million. During the same quarter last year, the company earned $0.29 earnings per share. The company’s revenue was up 15.5% on a year-over-year basis. Birkenstock has set its FY 2026 guidance at 2.220-2.40 EPS. Research analysts predict that Birkenstock will post 1.77 earnings per share for the current year.

Institutional Trading of Birkenstock

Several institutional investors and hedge funds have recently modified their holdings of BIRK. GAMMA Investing LLC raised its position in Birkenstock by 34.5% during the second quarter. GAMMA Investing LLC now owns 908 shares of the company’s stock valued at $45,000 after purchasing an additional 233 shares in the last quarter. Connable Office Inc. increased its position in shares of Birkenstock by 7.8% during the 2nd quarter. Connable Office Inc. now owns 4,767 shares of the company’s stock valued at $234,000 after purchasing an additional 344 shares during the last quarter. Illinois Municipal Retirement Fund raised its holdings in shares of Birkenstock by 1.3% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 35,968 shares of the company’s stock valued at $1,628,000 after buying an additional 448 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Birkenstock by 30.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,951 shares of the company’s stock worth $87,000 after buying an additional 458 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in Birkenstock by 2.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 16,990 shares of the company’s stock worth $769,000 after buying an additional 460 shares during the last quarter. Hedge funds and other institutional investors own 19.93% of the company’s stock.

Birkenstock Company Profile

Birkenstock Holding plc manufactures and sells footwear products. It also offers sandals, shoes, closed-toe silhouettes, skincare products, and accessories. The company sells its products through e-commerce sites and a network of owned retail stores, as well as business-to-business channels. It operates in the United States, Brazil, Canada, Mexico, Europe, APMA, and internationally.