Birkenstock (NYSE:BIRK) Stock Sees Unusually High Call Option Buying

Birkenstock Holding PLC (NYSE:BIRK) was the target of unusually large options trading activity on Thursday. Traders purchased 8,849 call options on the company. This represents an increase of approximately 127% compared to the typical volume of 3,892 call options.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Telsey Advisory Group increased their target price on shares of Birkenstock from $45.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $55.00 price objective (up from $50.00) on shares of Birkenstock in a research note on Friday, August 14th. BMO Capital Markets began coverage on Birkenstock in a report on Tuesday, September 8th. They set a “market perform” rating and a $35.00 price objective for the company. BTIG Research reissued a “buy” rating and issued a $60.00 target price on shares of Birkenstock in a research report on Friday, August 14th. Finally, JPMorgan Chase & Co. boosted their target price on Birkenstock from $49.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. Thirteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Birkenstock has an average rating of “Moderate Buy” and a consensus price target of $52.50.

Hedge Funds Weigh In On Birkenstock

Large investors have recently made changes to their positions in the stock. WINTON GROUP Ltd purchased a new position in shares of Birkenstock in the second quarter valued at $417,000. Integrated Wealth Concepts LLC bought a new position in Birkenstock in the 2nd quarter worth about $34,000. Squarepoint Ops LLC boosted its stake in Birkenstock by 438.0% in the 2nd quarter. Squarepoint Ops LLC now owns 99,537 shares of the company’s stock worth $4,283,000 after purchasing an additional 81,037 shares during the period. Corient Private Wealth LP purchased a new position in Birkenstock during the 2nd quarter valued at about $3,703,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Birkenstock during the 2nd quarter valued at about $501,000. 19.93% of the stock is owned by institutional investors.

Birkenstock Stock Performance

Shares of BIRK traded up $0.70 during trading hours on Thursday, hitting $33.11. The company’s stock had a trading volume of 602,625 shares, compared to its average volume of 2,463,079. The company has a market cap of $5.89 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 1.32 and a beta of 1.28. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.78 and a quick ratio of 2.09. The business has a 50 day simple moving average of $35.43 and a two-hundred day simple moving average of $38.73. Birkenstock has a 52-week low of $29.93 and a 52-week high of $50.73.

Birkenstock (NYSE:BIRK) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.02). The business had revenue of $834.65 million for the quarter, compared to analysts’ expectations of $827.39 million. Birkenstock had a net margin of 14.82% and a return on equity of 13.36%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 earnings per share. Birkenstock has set its FY 2026 guidance at 2.220-2.400 EPS. On average, equities analysts expect that Birkenstock will post 2.2 earnings per share for the current fiscal year.

Birkenstock Company Profile

Birkenstock is a global footwear company best known for its contoured cork-latex footbed, which is designed to support the natural shape of the foot. The company offers sandals, shoes, clogs, boots and other footwear, along with accessories and foot-care products. Its portfolio includes classic styles such as Arizona, Boston, Madrid and Gizeh.

Birkenstock traces its roots to 1774, when Johann Adam Birkenstock was recorded as a shoemaker in Germany. The company’s modern footbed concept was developed in the late 19th and early 20th centuries, helping establish its reputation for comfort, functionality and orthopedic-inspired design.