Birkenstock (NYSE:BIRK) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Birkenstock Holding PLC (NYSE:BIRK) shares passed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $33.11 and traded as high as $33.52. Birkenstock shares last traded at $33.3980, with a volume of 1,659,300 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. BTIG Research reissued a “buy” rating and set a $60.00 target price on shares of Birkenstock in a research report on Friday, August 14th. Seaport Research Partners downgraded Birkenstock from a “buy” rating to a “neutral” rating in a research note on Monday, July 20th. JPMorgan Chase & Co. upped 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. Guggenheim reissued a “buy” rating and set a $55.00 price objective on shares of Birkenstock in a report on Friday, September 11th. Finally, UBS Group reissued a “buy” rating on shares of Birkenstock in a research report on Friday, September 11th. Thirteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Birkenstock currently has an average rating of “Moderate Buy” and an average target price of $51.91.

Birkenstock Price Performance

The stock has a market cap of $5.95 billion, a PE ratio of 15.66, a P/E/G ratio of 1.10 and a beta of 1.30. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.78 and a quick ratio of 2.09. The firm’s 50 day moving average price is $33.09 and its two-hundred day moving average price is $38.23.

Birkenstock (NYSE:BIRK) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates 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 quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 earnings per share. Birkenstock has set its FY 2026 guidance at 2.220-2.400 EPS. On average, research analysts expect that Birkenstock Holding PLC will post 2.19 earnings per share for the current year.

Hedge Funds Weigh In On Birkenstock

Large investors have recently made changes to their positions in the stock. 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 worth $145,078,000 after purchasing an additional 956,167 shares in the last quarter. Swedbank AB boosted its holdings 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 period. Rice Hall James & Associates LLC boosted its holdings in Birkenstock by 26.5% in the 1st quarter. Rice Hall James & Associates LLC now owns 590,368 shares of the company’s stock valued at $21,153,000 after purchasing an additional 123,791 shares during the period. Kornitzer Capital Management Inc. KS grew its position in shares of Birkenstock by 6.2% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 170,525 shares of the company’s stock valued at $6,110,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Birkenstock during the 2nd quarter valued at $4,772,000. 19.93% of the stock is owned by institutional investors.

Birkenstock Company Profile

Birkenstock Holding plc, which operates the Birkenstock brand, is a German footwear company known for anatomically shaped footbed products designed to provide support and comfort. Its product portfolio includes sandals, shoes, clogs, boots and children’s footwear, along with related accessories and care products.

The company traces its roots to 1774, when Johann Adam Birkenstock was listed as a shoemaker in Germany. Birkenstock’s distinctive contoured footbed became the foundation of its footwear products and remains central to the brand.