Telsey Advisory Group Reaffirms Outperform Rating for Birkenstock (NYSE:BIRK)

Birkenstock (NYSE:BIRK)‘s stock had its “outperform” rating restated by Telsey Advisory Group in a report released on Thursday,Benzinga reports. They presently have a $70.00 price objective on the stock. Telsey Advisory Group’s price target would suggest a potential upside of 70.71% from the stock’s current price.

Several other equities analysts have also commented on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Birkenstock in a research note on Monday. BTIG Research reaffirmed a “buy” rating and set a $72.00 target price on shares of Birkenstock in a research report on Monday. JPMorgan Chase & Co. cut their price target on Birkenstock from $81.00 to $66.00 and set an “overweight” rating on the stock in a research note on Friday, September 19th. Finally, Guggenheim raised Birkenstock to a “strong-buy” rating in a report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Birkenstock presently has an average rating of “Buy” and a consensus price target of $68.38.

Birkenstock Stock Performance

Shares of BIRK stock traded down $5.40 during mid-day trading on Thursday, hitting $41.01. The stock had a trading volume of 7,612,893 shares, compared to its average volume of 1,993,917. Birkenstock has a fifty-two week low of $38.16 and a fifty-two week high of $62.66. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.78 and a quick ratio of 1.29. The company’s 50-day simple moving average is $42.07 and its 200-day simple moving average is $46.98. The firm has a market cap of $7.70 billion, a PE ratio of 22.87, a PEG ratio of 0.90 and a beta of 1.14.

Birkenstock (NYSE:BIRK) last released its earnings results on Thursday, December 18th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.11. The company had revenue of $617.67 million during the quarter, compared to the consensus estimate of $521.12 million. Birkenstock had a return on equity of 11.52% and a net margin of 15.21%.Birkenstock’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.29 earnings per share. Birkenstock has set its FY 2026 guidance at 2.220-2.40 EPS. Sell-side analysts anticipate that Birkenstock will post 1.77 earnings per share for the current year.

Hedge Funds Weigh In On Birkenstock

Large investors have recently bought and sold shares of the stock. Morse Asset Management Inc bought a new stake in shares of Birkenstock during the third quarter valued at approximately $28,000. Activest Wealth Management raised its stake in Birkenstock by 77,500.0% during the 3rd quarter. Activest Wealth Management now owns 776 shares of the company’s stock valued at $35,000 after purchasing an additional 775 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Birkenstock by 34.5% in the second quarter. GAMMA Investing LLC now owns 908 shares of the company’s stock valued at $45,000 after purchasing an additional 233 shares in the last quarter. Quarry LP lifted its position in shares of Birkenstock by 99.2% in the third quarter. Quarry LP now owns 988 shares of the company’s stock worth $45,000 after purchasing an additional 492 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in Birkenstock by 61.0% in the first quarter. NewEdge Advisors LLC now owns 1,288 shares of the company’s stock valued at $59,000 after purchasing an additional 488 shares in the last quarter. Institutional investors and hedge funds own 19.93% of the company’s stock.

About Birkenstock

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.