Birkenstock (NYSE:BIRK) Hits New 12-Month Low – Here’s Why

Birkenstock Holding PLC (NYSE:BIRK)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $29.93 and last traded at $30.0140, with a volume of 1867433 shares. The stock had previously closed at $30.66.

Analyst Ratings Changes

Several brokerages have commented on BIRK. Telsey Advisory Group boosted their target price on shares of Birkenstock from $45.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Zacks Research upgraded shares of Birkenstock from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 1st. BMO Capital Markets assumed coverage on shares of Birkenstock in a report on Tuesday, September 8th. They issued a “market perform” rating and a $35.00 target price for the company. UBS Group reiterated a “buy” rating on shares of Birkenstock in a research report on Friday. Finally, JPMorgan Chase & Co. raised their price objective on Birkenstock from $49.00 to $58.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. Thirteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $52.50.

Birkenstock Stock Down 2.1%

The firm has a market capitalization of $5.34 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 1.22 and a beta of 1.28. The firm’s 50-day moving average is $38.09 and its 200 day moving average is $39.32. The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.09 and a current ratio of 3.78.

Birkenstock (NYSE:BIRK) last posted its earnings results on Thursday, August 13th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate 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 revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.62 earnings per share. Birkenstock has set its FY 2026 guidance at 2.220-2.400 EPS. As a group, research analysts forecast that Birkenstock Holding PLC will post 2.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BIRK. Parallel Advisors LLC raised its position in shares of Birkenstock by 1,161.7% during the 1st quarter. Parallel Advisors LLC now owns 757 shares of the company’s stock worth $27,000 after purchasing an additional 697 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings 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. Integrated Wealth Concepts LLC purchased a new position in Birkenstock during the second quarter worth $34,000. State of Wyoming increased its position in Birkenstock by 72.9% during the first quarter. State of Wyoming now owns 3,250 shares of the company’s stock worth $116,000 after buying an additional 1,370 shares in the last quarter. Finally, Clearstead Advisors LLC raised its holdings in shares of Birkenstock by 176.4% in the fourth quarter. Clearstead Advisors LLC now owns 3,411 shares of the company’s stock worth $140,000 after acquiring an additional 2,177 shares during the last quarter. 19.93% of the stock is owned by hedge funds and other institutional investors.

Birkenstock Company Profile

Birkenstock Holding plc is a global footwear company best known for its anatomically shaped cork-latex footbed and distinctive sandals. The company offers a range of footwear, including sandals, shoes, clogs, boots and sneakers, as well as accessories and foot-care products.

Birkenstock traces its roots to 1774, when Johann Adam Birkenstock was listed as a shoemaker in Germany. The company’s products are sold through its own retail stores and e-commerce platforms, as well as through independent retailers and distributors.