Robert W. Baird Lowers Birkenstock (NYSE:BIRK) Price Target to $60.00

Birkenstock (NYSE:BIRK) had its price target decreased by Robert W. Baird from $70.00 to $60.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price target points to a potential upside of 46.70% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the company. Guggenheim restated a “buy” rating and issued a $60.00 price objective on shares of Birkenstock in a research note on Friday. BTIG Research reiterated a “buy” rating and issued a $65.00 target price (down previously from $72.00) on shares of Birkenstock in a research note on Monday. Jefferies Financial Group set a $60.00 price target on shares of Birkenstock in a research note on Thursday. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $70.00 price objective on shares of Birkenstock in a report on Thursday. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Birkenstock in a report on Monday. Fourteen analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Birkenstock presently has an average rating of “Moderate Buy” and a consensus target price of $65.69.

Birkenstock Price Performance

Birkenstock stock opened at $40.90 on Friday. The business’s 50 day simple moving average is $42.02 and its 200 day simple moving average is $46.94. Birkenstock has a 12 month low of $38.16 and a 12 month high of $62.66. The company has a market cap of $7.68 billion, a price-to-earnings ratio of 22.72, a PEG ratio of 0.89 and a beta of 1.14. The company has a current ratio of 2.78, a quick ratio of 1.29 and a debt-to-equity ratio of 0.50.

Birkenstock (NYSE:BIRK) last issued its earnings results on Thursday, December 18th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.11. Birkenstock had a return on equity of 11.52% and a net margin of 15.21%.The firm had revenue of $617.67 million for the quarter, compared to analyst estimates of $521.12 million. During the same period in the previous year, the company posted $0.29 earnings per share. The business’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. Sell-side analysts forecast that Birkenstock will post 1.77 EPS for the current year.

Institutional Investors Weigh In On Birkenstock

A number of institutional investors and hedge funds have recently made changes to their positions in BIRK. GAMMA Investing LLC grew its position in Birkenstock by 34.5% during the second quarter. GAMMA Investing LLC now owns 908 shares of the company’s stock worth $45,000 after buying an additional 233 shares in the last quarter. Connable Office Inc. raised its holdings in shares of Birkenstock by 7.8% in the 2nd quarter. Connable Office Inc. now owns 4,767 shares of the company’s stock valued at $234,000 after acquiring an additional 344 shares in the last quarter. Illinois Municipal Retirement Fund boosted its position 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 acquiring an additional 448 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Birkenstock by 30.7% during the third quarter. Smartleaf Asset Management LLC now owns 1,951 shares of the company’s stock worth $87,000 after purchasing an additional 458 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of Birkenstock by 2.8% during the third quarter. Public Employees Retirement System of Ohio now owns 16,990 shares of the company’s stock worth $769,000 after purchasing an additional 460 shares in 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.