Raymond James Financial Upgrades Birkenstock (NYSE:BIRK) to Moderate Buy

Birkenstock (NYSE:BIRK) was upgraded by investment analysts at Raymond James Financial to a “moderate buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other research firms also recently weighed in on BIRK. Zacks Research downgraded Birkenstock from a “hold” rating to a “strong sell” rating in a research note on Friday, May 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of Birkenstock in a research note on Thursday, June 18th. Morgan Stanley set a $41.00 price target on Birkenstock in a research report on Thursday, May 14th. The Goldman Sachs Group reissued a “buy” rating and set a $52.50 price objective on shares of Birkenstock in a research report on Friday, May 22nd. Finally, Wall Street Zen upgraded shares of Birkenstock from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Thirteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Birkenstock presently has an average rating of “Moderate Buy” and a consensus price target of $53.57.

Birkenstock Stock Up 1.8%

NYSE:BIRK opened at $43.78 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.95 and a quick ratio of 1.19. The firm’s 50-day moving average price is $41.48 and its 200-day moving average price is $40.13. The company has a market capitalization of $8.05 billion, a PE ratio of 19.78, a P/E/G ratio of 1.80 and a beta of 1.26. Birkenstock has a 1-year low of $31.12 and a 1-year high of $53.53.

Birkenstock (NYSE:BIRK) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.12). The business had revenue of $714.40 million for the quarter, compared to analysts’ expectations of $716.62 million. Birkenstock had a net margin of 16.26% and a return on equity of 12.95%. The company’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the business earned $0.63 earnings per share. Birkenstock has set its FY 2026 guidance at 2.220-2.400 EPS. On average, equities analysts predict that Birkenstock will post 2.27 EPS for the current fiscal year.

Insider Activity

In related news, insider Mehdi Nico Bouyakhf sold 60,000 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $42.07, for a total transaction of $2,524,200.00. Following the sale, the insider directly owned 61,153 shares of the company’s stock, valued at $2,572,706.71. This trade represents a 49.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Institutional Trading of Birkenstock

Institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC raised its holdings in shares of Birkenstock by 1,161.7% during the first quarter. Parallel Advisors LLC now owns 757 shares of the company’s stock valued at $27,000 after purchasing an additional 697 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Birkenstock by 125.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 768 shares of the company’s stock valued at $28,000 after buying an additional 428 shares during the last quarter. Morse Asset Management Inc purchased a new stake in Birkenstock during the 3rd quarter valued at $28,000. Kestra Advisory Services LLC bought a new position in shares of Birkenstock during the 4th quarter valued at $42,000. Finally, Quarry LP boosted its stake in shares of Birkenstock by 99.2% in the 3rd quarter. Quarry LP now owns 988 shares of the company’s stock worth $45,000 after buying an additional 492 shares during the last quarter. Hedge funds and other institutional investors own 19.93% of the company’s stock.

Birkenstock Company Profile

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.