BTIG Research Has Lowered Expectations for Birkenstock (NYSE:BIRK) Stock Price

Birkenstock (NYSE:BIRKGet Free Report) had its price target decreased by equities research analysts at BTIG Research from $65.00 to $60.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. BTIG Research’s price target suggests a potential upside of 92.31% from the company’s current price.

A number of other equities research analysts have also issued reports on BIRK. The Goldman Sachs Group reaffirmed a “buy” rating and set a $59.00 price objective on shares of Birkenstock in a report on Thursday, January 29th. Sanford C. Bernstein cut their price objective on shares of Birkenstock from $55.00 to $50.00 and set a “market perform” rating for the company in a report on Thursday, January 15th. New Street Research set a $47.00 price objective on shares of Birkenstock in a report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft set a $49.00 price objective on shares of Birkenstock in a report on Friday, February 13th. Finally, Seaport Research Partners raised shares of Birkenstock from a “neutral” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Tuesday, April 14th. Fourteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Birkenstock presently has an average rating of “Moderate Buy” and a consensus target price of $55.20.

Get Our Latest Report on BIRK

Birkenstock Trading Down 8.6%

Shares of BIRK opened at $31.20 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.95 and a quick ratio of 1.04. Birkenstock has a 1 year low of $31.12 and a 1 year high of $58.30. The company has a 50 day simple moving average of $37.25 and a two-hundred day simple moving average of $39.73. The firm has a market cap of $5.74 billion, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15.

Institutional Trading of Birkenstock

A number of institutional investors have recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. lifted its position in Birkenstock by 11.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 11,886,454 shares of the company’s stock worth $486,156,000 after buying an additional 1,264,841 shares during the last quarter. Bamco Inc. NY lifted its position in Birkenstock by 25.4% in the fourth quarter. Bamco Inc. NY now owns 7,966,037 shares of the company’s stock worth $325,811,000 after buying an additional 1,612,236 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Birkenstock by 30.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,049,787 shares of the company’s stock worth $145,078,000 after buying an additional 956,167 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Birkenstock by 0.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,950,380 shares of the company’s stock worth $120,672,000 after buying an additional 25,585 shares during the last quarter. Finally, Morgan Stanley lifted its position in Birkenstock by 25.1% in the fourth quarter. Morgan Stanley now owns 2,797,719 shares of the company’s stock worth $114,427,000 after buying an additional 562,188 shares during the last quarter. 19.93% of the stock is currently owned by institutional investors.

Birkenstock News Roundup

Here are the key news stories impacting Birkenstock this week:

About Birkenstock

(Get Free Report)

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.

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Analyst Recommendations for Birkenstock (NYSE:BIRK)

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