Birkenstock (NYSE:BIRK) Stock Rating Cut to “Strong Sell” at Williams Trading

by · The Cerbat Gem

Williams Trading cut shares of Birkenstock (NYSE:BIRK – Free Report) from a hold rating to a strong sell rating in a research report report published on Friday morning,Zacks reports.

Other equities research analysts have also recently issued reports about the stock. Zacks Research raised shares of Birkenstock from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 1st. Raymond James Financial lowered their target price on shares of Birkenstock from $52.00 to $42.00 and set an “outperform” rating for the company in a report on Friday. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $55.00 price target (up from $50.00) on shares of Birkenstock in a research report on Friday, August 14th. Weiss Ratings lowered shares of Birkenstock from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, September 22nd. Finally, BTIG Research reaffirmed a “buy” rating and set a $60.00 price target on shares of Birkenstock in a research note on Friday, August 14th. Thirteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $51.91.

Read Our Latest Analysis on Birkenstock

Birkenstock Trading Down 5.6%

NYSE:BIRK traded down $2.01 during mid-day trading on Friday, reaching $33.88. The company’s stock had a trading volume of 2,730,305 shares, compared to its average volume of 1,799,029. The company’s fifty day simple moving average is $34.03 and its two-hundred day simple moving average is $38.53. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.78 and a quick ratio of 2.09. Birkenstock has a twelve month low of $29.93 and a twelve month high of $50.73. The stock has a market cap of $6.03 billion, a P/E ratio of 15.87, a P/E/G ratio of 1.18 and a beta of 1.30.

Birkenstock (NYSE:BIRK – Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.02). Birkenstock had a net margin of 14.82% and a return on equity of 13.36%. The business had revenue of $834.65 million during the quarter, compared to analysts’ expectations of $827.39 million. During the same quarter last year, the firm earned $0.62 EPS. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. Birkenstock has set its FY 2026 guidance at 2.220-2.400 EPS. On average, equities analysts predict that Birkenstock will post 2.20 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its position in shares of Birkenstock by 125.9% in the first quarter. EverSource Wealth Advisors LLC now owns 768 shares of the company’s stock worth $28,000 after buying an additional 428 shares during the period. Parallel Advisors LLC grew its stake in shares of Birkenstock by 1,161.7% in the first quarter. Parallel Advisors LLC now owns 757 shares of the company’s stock valued at $27,000 after buying an additional 697 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Birkenstock during the 2nd quarter valued at about $34,000. Mather Group LLC. purchased a new stake in shares of Birkenstock during the 3rd quarter valued at about $27,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Birkenstock by 12.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,689 shares of the company’s stock valued at $419,000 after buying an additional 1,270 shares during the period. Institutional investors and hedge funds own 19.93% of the company’s stock.

Birkenstock Company Profile

(Get Free Report)

Birkenstock is a global footwear company best known for its contoured cork-latex footbed, which is designed to support the natural shape of the foot. The company offers sandals, shoes, clogs, boots and other footwear, along with accessories and foot-care products. Its portfolio includes classic styles such as Arizona, Boston, Madrid and Gizeh.

Birkenstock traces its roots to 1774, when Johann Adam Birkenstock was recorded as a shoemaker in Germany. The company’s modern footbed concept was developed in the late 19th and early 20th centuries, helping establish its reputation for comfort, functionality and orthopedic-inspired design.

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