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

Birkenstock (NYSE:BIRK)‘s stock had its “outperform” rating reiterated by equities research analysts at Telsey Advisory Group in a report released on Thursday,Benzinga reports. They currently have a $60.00 price objective on the stock. Telsey Advisory Group’s price objective indicates a potential upside of 49.52% from the company’s current price.

BIRK has been the subject of a number of other research reports. New Street Research set a $47.00 target price on shares of Birkenstock in a research note on Tuesday, January 27th. Morgan Stanley reiterated a “positive” rating and set a $47.00 price objective on shares of Birkenstock in a research note on Tuesday, January 27th. Robert W. Baird reduced their target price on Birkenstock from $70.00 to $60.00 and set an “outperform” rating for the company in a report on Friday, December 19th. BTIG Research reaffirmed a “buy” rating and issued a $65.00 price target on shares of Birkenstock in a research note on Thursday, January 29th. Finally, JPMorgan Chase & Co. dropped their price target on Birkenstock from $66.00 to $52.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. Sixteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $60.18.

Birkenstock Trading Down 0.1%

Shares of BIRK stock opened at $40.13 on Thursday. Birkenstock has a 1-year low of $36.44 and a 1-year high of $59.50. The company has a market cap of $7.38 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 1.54 and a beta of 1.19. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.81 and a quick ratio of 1.26. The stock has a 50 day simple moving average of $41.31 and a 200-day simple moving average of $44.01.

Birkenstock (NYSE:BIRK) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.27 by $0.05. The company had revenue of $471.54 million during the quarter, compared to analyst estimates of $402.30 million. Birkenstock had a net margin of 16.70% and a return on equity of 13.02%. On average, equities research analysts expect that Birkenstock will post 1.77 EPS for the current fiscal year.

Institutional Investors Weigh In On Birkenstock

Several hedge funds and other institutional investors have recently bought and sold shares of BIRK. Royal Bank of Canada grew its holdings in shares of Birkenstock by 310.5% during the 1st quarter. Royal Bank of Canada now owns 15,820 shares of the company’s stock worth $725,000 after purchasing an additional 11,966 shares during the period. AQR Capital Management LLC raised its holdings in Birkenstock by 53.1% in the 1st quarter. AQR Capital Management LLC now owns 14,954 shares of the company’s stock valued at $686,000 after buying an additional 5,189 shares during the period. NewEdge Advisors LLC lifted its position 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 buying an additional 488 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Birkenstock by 27.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,074,283 shares of the company’s stock valued at $49,256,000 after buying an additional 233,672 shares during the last quarter. Finally, CWM LLC boosted its stake in Birkenstock by 72.6% during the second quarter. CWM LLC now owns 5,407 shares of the company’s stock worth $266,000 after buying an additional 2,274 shares during the period. 19.93% of the stock is currently owned by institutional investors and hedge funds.

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.