Birkenstock (NYSE:BIRK) Trading Down 11.9% – Time to Sell?

Shares of Birkenstock Holding PLC (NYSE:BIRK) traded down 11.9% on Wednesday . The stock traded as low as $34.01 and last traded at $33.4250. 800,193 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 2,371,403 shares. The stock had previously closed at $37.95.

Analyst Ratings Changes

Several research firms recently commented on BIRK. Sanford C. Bernstein decreased their target price on Birkenstock from $55.00 to $50.00 and set a “market perform” rating for the company in a research note on Thursday, January 15th. Morgan Stanley reissued a “positive” rating and issued a $47.00 price target on shares of Birkenstock in a research note on Tuesday, January 27th. BTIG Research restated a “buy” rating and set a $65.00 price target on shares of Birkenstock in a report on Thursday, January 29th. The Goldman Sachs Group reiterated a “buy” rating and issued a $59.00 price objective on shares of Birkenstock in a research note on Thursday, January 29th. Finally, UBS Group reiterated a “buy” rating on shares of Birkenstock in a research report on Monday, February 9th. Sixteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $59.71.

Birkenstock Trading Down 13.0%

The company has a quick ratio of 1.04, a current ratio of 3.13 and a debt-to-equity ratio of 0.46. The firm’s 50-day moving average price is $37.79 and its 200 day moving average price is $39.92. The company has a market capitalization of $6.07 billion, a P/E ratio of 14.45, a P/E/G ratio of 1.50 and a beta of 1.15.

Institutional Trading of Birkenstock

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bamco Inc. NY lifted its holdings in shares of Birkenstock by 41.9% in the third quarter. Bamco Inc. NY now owns 6,353,801 shares of the company’s stock valued at $287,509,000 after purchasing an additional 1,876,398 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in Birkenstock by 11.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 11,886,454 shares of the company’s stock worth $486,156,000 after buying an additional 1,264,841 shares in the last quarter. Holocene Advisors LP raised its position in Birkenstock by 239.3% in the 2nd quarter. Holocene Advisors LP now owns 1,748,348 shares of the company’s stock valued at $85,984,000 after buying an additional 1,233,085 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Birkenstock by 61.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,093,620 shares of the company’s stock valued at $126,534,000 after acquiring an additional 1,181,919 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new position in Birkenstock during the 4th quarter valued at $41,110,000. 19.93% of the stock is owned by institutional investors.

About Birkenstock

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.