Birkenstock (NYSE:BIRK) Hits New 12-Month Low – Here’s Why
by Danessa Lincoln · The Markets DailyBirkenstock Holding PLC (NYSE:BIRK – Get Free Report)’s stock price hit a new 52-week low during 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 Upgrades and Downgrades
BIRK has been the subject of several recent research reports. Williams Trading cut shares of Birkenstock from a “strong-buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Seaport Research Partners lowered shares of Birkenstock from a “buy” rating to a “neutral” rating in a report on Monday, July 20th. BMO Capital Markets assumed coverage on shares of Birkenstock in a research report on Tuesday, September 8th. They issued a “market perform” rating and a $35.00 price objective for the company. Wall Street Zen raised Birkenstock from a “sell” rating to a “hold” rating in a research note on Sunday, August 23rd. Finally, JPMorgan Chase & Co. lifted their target price on Birkenstock from $49.00 to $58.00 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. Thirteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $52.50.
Read Our Latest Stock Analysis on Birkenstock
Birkenstock Stock Up 2.4%
The company has a debt-to-equity ratio of 0.67, a quick ratio of 2.09 and a current ratio of 3.78. The stock has a market capitalization of $5.54 billion, a price-to-earnings ratio of 14.60, a P/E/G ratio of 1.22 and a beta of 1.28. The firm’s fifty day simple moving average is $37.54 and its 200 day simple moving average is $39.17.
Birkenstock (NYSE:BIRK – Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.02). The company had revenue of $834.65 million for the quarter, compared to analyst estimates of $827.39 million. Birkenstock had a return on equity of 13.36% and a net margin of 14.82%.The company’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.62 earnings per share. Birkenstock has set its FY 2026 guidance at 2.220-2.400 EPS. On average, sell-side analysts forecast that Birkenstock Holding PLC will post 2.2 earnings per share for the current year.
Institutional Trading of Birkenstock
Several hedge funds and other institutional investors have recently modified their holdings of BIRK. T. Rowe Price Investment Management Inc. grew its position in Birkenstock by 11.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 11,886,454 shares of the company’s stock valued at $486,156,000 after purchasing an additional 1,264,841 shares in the last quarter. Bamco Inc. NY raised its holdings in shares of Birkenstock by 25.4% in the 4th quarter. Bamco Inc. NY now owns 7,966,037 shares of the company’s stock valued at $325,811,000 after purchasing an additional 1,612,236 shares during the period. Dimensional Fund Advisors LP lifted its stake in Birkenstock by 30.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,049,787 shares of the company’s stock valued at $145,078,000 after purchasing an additional 956,167 shares during the last quarter. Swedbank AB lifted its stake in Birkenstock by 6.7% in the 1st quarter. Swedbank AB now owns 1,600,000 shares of the company’s stock valued at $57,328,000 after purchasing an additional 100,000 shares during the last quarter. Finally, Norges Bank bought a new position in Birkenstock during the fourth quarter worth about $34,814,000. Institutional investors and hedge funds own 19.93% of the company’s stock.
About Birkenstock
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.