Birkenstock (NYSE:BIRK) Price Target Lowered to $56.00 at Stifel Nicolaus

Birkenstock (NYSE:BIRK) had its price target reduced by equities researchers at Stifel Nicolaus from $58.00 to $56.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 34.31% from the stock’s current price.

A number of other research analysts also recently issued reports on BIRK. Sanford C. Bernstein dropped their price target on Birkenstock from $55.00 to $50.00 and set a “market perform” rating on the stock in a research note on Thursday, January 15th. Weiss Ratings restated a “hold (c-)” rating on shares of Birkenstock in a research note on Monday, December 29th. BTIG Research restated a “buy” rating and set a $65.00 price target on shares of Birkenstock in a research note on Thursday, January 29th. Morgan Stanley restated a “positive” rating and set a $47.00 price target on shares of Birkenstock in a research note on Tuesday, January 27th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $60.00 price target on shares of Birkenstock in a research note on Thursday, February 12th. Fifteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Birkenstock currently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

Birkenstock Trading Down 0.2%

BIRK opened at $41.70 on Wednesday. The business’s 50-day simple moving average is $38.08 and its 200-day simple moving average is $40.27. The company has a market cap of $7.67 billion, a P/E ratio of 18.26, a PEG ratio of 1.59 and a beta of 1.21. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.04 and a current ratio of 3.13. Birkenstock has a one year low of $33.06 and a one year high of $59.50.

Institutional Trading of Birkenstock

A number of hedge funds have recently added to or reduced their stakes in the stock. Ranger Investment Management L.P. lifted its holdings in shares of Birkenstock by 66.4% in the 3rd quarter. Ranger Investment Management L.P. now owns 320,345 shares of the company’s stock valued at $14,496,000 after buying an additional 127,845 shares during the period. Azzad Asset Management Inc. ADV lifted its holdings in shares of Birkenstock by 94.2% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 56,754 shares of the company’s stock valued at $2,568,000 after buying an additional 27,531 shares during the period. AGF Management Ltd. lifted its holdings in shares of Birkenstock by 2.5% in the 3rd quarter. AGF Management Ltd. now owns 2,089,320 shares of the company’s stock valued at $94,542,000 after buying an additional 51,110 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Birkenstock by 4.4% in the 3rd quarter. Federated Hermes Inc. now owns 1,391,150 shares of the company’s stock valued at $62,950,000 after buying an additional 59,223 shares during the period. Finally, Swedbank AB lifted its holdings in shares of Birkenstock by 20.0% in the 3rd quarter. Swedbank AB now owns 1,200,000 shares of the company’s stock valued at $54,300,000 after buying an additional 200,000 shares during the period. 19.93% of the stock is owned by institutional investors and hedge funds.

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.