Birkenstock (NYSE:BIRK – Get Free Report) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 2.220-2.40 for the period, compared to the consensus EPS estimate of 2.300. The company issued revenue guidance of $2.7 billion-$2.7 billion, compared to the consensus revenue estimate of $2.8 billion.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Guggenheim upgraded shares of Birkenstock to a “strong-buy” rating in a research note on Wednesday, December 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Birkenstock in a report on Monday. JPMorgan Chase & Co. cut their price objective on shares of Birkenstock from $81.00 to $66.00 and set an “overweight” rating on the stock in a report on Friday, September 19th. Telsey Advisory Group restated an “outperform” rating and set a $70.00 target price on shares of Birkenstock in a research note on Friday, December 12th. Finally, BTIG Research reiterated a “buy” rating and issued a $72.00 price target on shares of Birkenstock in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Birkenstock currently has an average rating of “Buy” and a consensus price target of $68.38.
Get Our Latest Stock Analysis on Birkenstock
Birkenstock Price Performance
Birkenstock (NYSE:BIRK – Get Free Report) last posted its quarterly earnings results on Thursday, December 18th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.11. Birkenstock had a return on equity of 11.52% and a net margin of 15.21%.The business had revenue of $617.67 million during the quarter, compared to the consensus estimate of $521.12 million. Birkenstock has set its FY 2026 guidance at 2.220-2.40 EPS. As a group, research analysts anticipate that Birkenstock will post 1.77 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Birkenstock
Institutional investors have recently made changes to their positions in the stock. Scientech Research LLC bought a new position in shares of Birkenstock during the third quarter worth about $235,000. Creative Planning boosted its stake in Birkenstock by 17.3% during the 3rd quarter. Creative Planning now owns 8,839 shares of the company’s stock valued at $400,000 after purchasing an additional 1,303 shares during the period. Advocacy Wealth Management LLC bought a new position in Birkenstock in the 3rd quarter worth about $564,000. Tower Research Capital LLC TRC bought a new position in Birkenstock in the 2nd quarter worth about $363,000. Finally, Quantinno Capital Management LP increased its stake in shares of Birkenstock by 65.9% in the second quarter. Quantinno Capital Management LP now owns 9,590 shares of the company’s stock valued at $472,000 after purchasing an additional 3,808 shares during the period. 19.93% of the stock is owned by institutional investors.
Birkenstock Company Profile
Birkenstock Holding plc manufactures and sells footwear products. It also offers sandals, shoes, closed-toe silhouettes, skincare products, and accessories. The company sells its products through e-commerce sites and a network of owned retail stores, as well as business-to-business channels. It operates in the United States, Brazil, Canada, Mexico, Europe, APMA, and internationally.
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