Birkenstock (NYSE:BIRK) Shares Gap Up – Still a Buy?

Birkenstock Holding PLC (NYSE:BIRK)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $36.74, but opened at $43.07. Birkenstock shares last traded at $42.9420, with a volume of 1,262,541 shares trading hands.

Analysts Set New Price Targets

BIRK has been the subject of a number of recent analyst reports. Wall Street Zen raised Birkenstock from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Williams Trading cut shares of Birkenstock from a “strong-buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Stifel Nicolaus set a $51.00 target price on shares of Birkenstock in a research note on Wednesday, May 13th. UBS Group dropped their price target on shares of Birkenstock from $77.00 to $76.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Finally, Zacks Research downgraded shares of Birkenstock from a “hold” rating to a “strong sell” rating in a research note on Monday, August 3rd. Thirteen investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Birkenstock presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.28.

Birkenstock Stock Up 13.8%

The firm has a 50 day moving average price of $43.13 and a 200-day moving average price of $40.08. The company has a current ratio of 2.95, a quick ratio of 1.19 and a debt-to-equity ratio of 0.45. The firm has a market cap of $7.69 billion, a PE ratio of 18.88, a PEG ratio of 1.57 and a beta of 1.30.

Birkenstock (NYSE:BIRK) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.12). Birkenstock had a return on equity of 12.95% and a net margin of 16.26%.The firm had revenue of $714.40 million for the quarter, compared to analysts’ expectations of $716.62 million. During the same period last year, the firm posted $0.63 earnings per share. Birkenstock’s revenue for the quarter was up 7.7% on a year-over-year basis. Research analysts forecast that Birkenstock Holding PLC will post 2.27 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Mehdi Nico Bouyakhf sold 30,000 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $43.50, for a total value of $1,305,000.00. Following the completion of the sale, the insider directly owned 31,153 shares of the company’s stock, valued at $1,355,155.50. This represents a 49.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Hedge Funds Weigh In On Birkenstock

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its holdings in Birkenstock by 310.5% during the first quarter. Royal Bank of Canada now owns 15,820 shares of the company’s stock worth $725,000 after acquiring an additional 11,966 shares during the period. AQR Capital Management LLC lifted its position in shares of Birkenstock by 53.1% during the 1st 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 during the period. NewEdge Advisors LLC boosted its stake in shares of Birkenstock by 61.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,288 shares of the company’s stock worth $59,000 after acquiring an additional 488 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Birkenstock by 27.8% in the 1st 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 in the 2nd quarter valued at approximately $371,000. Hedge funds and other institutional investors own 19.93% of the company’s stock.

About Birkenstock

Birkenstock Group AG, listed on the New York Stock Exchange under the symbol BIRK, is a global footwear manufacturer renowned for its anatomically contoured footbeds and iconic sandal designs. The company’s core product lines include classic models such as the Arizona, Boston and Madrid, alongside a range of clogs, shoes and orthotic insoles. In addition to footwear, Birkenstock offers complementary accessories, including socks and leather care products, reinforcing its commitment to foot health and comfort.

Birkenstock reaches consumers through a diversified distribution network that combines direct-to-consumer channels—such as branded retail stores and e-commerce platforms—with wholesale partnerships spanning specialty footwear retailers, department stores and select online marketplaces.