Birkenstock (NYSE:BIRK) Upgraded to “Hold” at BMO Capital Markets

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

A number of other equities analysts have also recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Birkenstock from $49.00 to $58.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. The Goldman Sachs Group reiterated a “buy” rating on shares of Birkenstock in a research note on Friday, July 31st. Stifel Nicolaus set a $51.00 price objective on shares of Birkenstock in a research report on Wednesday, May 13th. BTIG Research restated a “buy” rating and issued a $60.00 price objective on shares of Birkenstock in a research note on Friday, August 14th. Finally, Weiss Ratings raised shares of Birkenstock from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 2nd. Thirteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Birkenstock presently has an average rating of “Moderate Buy” and an average price target of $52.79.

Birkenstock Stock Down 2.9%

Shares of NYSE BIRK opened at $30.63 on Tuesday. The stock has a market cap of $5.45 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 1.26 and a beta of 1.28. 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 has a 52-week low of $30.25 and a 52-week high of $50.73. The business has a 50-day moving average price of $39.01 and a 200 day moving average price of $39.50.

Birkenstock (NYSE:BIRK) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.86 EPS 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 analyst estimates of $827.39 million. During the same period last year, the firm earned $0.62 EPS. The company’s quarterly revenue was up 13.3% on a year-over-year basis. Birkenstock has set its FY 2026 guidance at 2.220-2.400 EPS. Equities research analysts forecast that Birkenstock will post 2.2 earnings per share for the current year.

Institutional Investors Weigh In On Birkenstock

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada raised its position in Birkenstock by 310.5% during the 1st quarter. Royal Bank of Canada now owns 15,820 shares of the company’s stock worth $725,000 after buying an additional 11,966 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Birkenstock by 53.1% in the first quarter. AQR Capital Management LLC now owns 14,954 shares of the company’s stock valued at $686,000 after acquiring an additional 5,189 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Birkenstock by 61.0% during the first quarter. NewEdge Advisors LLC now owns 1,288 shares of the company’s stock worth $59,000 after acquiring an additional 488 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Birkenstock by 27.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,074,283 shares of the company’s stock worth $49,256,000 after acquiring an additional 233,672 shares during the period. Finally, Creative Planning purchased a new position in Birkenstock during the second quarter worth about $371,000. 19.93% of the stock is owned by institutional investors and hedge funds.

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.