Birkenstock
BIRK

$45.41

4.4%

Market Cap: $8.53B

About: Birkenstock Holding PLC is a company that manufactures and sells footbed-based products, including sandals, closed-toe silhouettes, and other products, such as skincare and accessories, for everyday, leisure, and work. The company operates in four operating segments based on its regional hubs: Americas, Europe and APMA (Asia Pacific, Middle East and Africa). The company sells its products through two main channels: business-to-business (B2B) and direct-to-consumer (DTC).

Employees: 6,100

0

Funds holding %

of 6,710 funds

0

Analysts bullish %

of 12 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

400% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 5 (+4) [Q2]

252% more first-time investments, than exits

New positions opened: 74 | Existing positions closed: 21

143% more repeat investments, than reductions

Existing positions increased: 56 | Existing positions reduced: 23

114% more call options, than puts

Call options by funds: $62M | Put options by funds: $29M

44% more funds holding

Funds holding: 120 [Q1] → 173 (+53) [Q2]

2% more capital invested

Capital invested by funds: $8.53B [Q1] → $8.69B (+$162M) [Q2]

11.07% less ownership

Funds ownership: 96.12% [Q1] → 85.05% (-11.07%) [Q2]

See Fund Rankings

Research analyst outlook

12 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$58

28%

upside

Avg. target

$68

50%

upside

High target

$85

87%

upside

12 analyst ratings

10 positive

83%

2 neutral

17%

0 negative

0%

BMO Capital Simeon Siegel 48% 1-year accuracy 10 / 21 met price target	32%upside $60	Outperform Maintained	30 Aug 2024
Evercore ISI Group Michael Binetti 50% 1-year accuracy 23 / 46 met price target	54%upside $70	Outperform Maintained	30 Aug 2024
Telsey Advisory Group Dana Telsey 39% 1-year accuracy 66 / 171 met price target	54%upside $70	Outperform Maintained	29 Aug 2024
Evercore ISI Group Michael Binetti 50% 1-year accuracy 23 / 46 met price target	70%upside $77	Outperform Reiterated	26 Aug 2024
Telsey Advisory Group Dana Telsey 39% 1-year accuracy 66 / 171 met price target	54%upside $70	Outperform Maintained	23 Aug 2024

See Analyst Rankings

Financial journalist opinion

Based on 18 articles about BIRK published over the past 30 days

Birkenstock: Buy The Dip

Birkenstock shares fell over 20% post-lackluster Q2 results, but I recommend buying the dip due to strong growth prospects, especially in Asia. Despite weaker-than-expected near-term growth, Birkenstock maintains its full-year outlook and offers a more reasonable valuation at current share prices near $50. Birkenstock's high gross margins and double-digit revenue growth, particularly in under-penetrated Asian markets, present an attractive long-term investment opportunity.

Birkenstock: Buy The Dip

Birkenstock: Stock Is Still Not Attractive After Price Drop

Birkenstock's Q3 2024 showed an impressive 19% YoY revenue growth, but the stock price dropped 20% due to a revenue and earnings miss. Despite strong performance, high valuations and fashion risk make Birkenstock's stock inherently risky, leading me to maintain a Hold rating. The company's shift from DTC to B2B impacted gross margins, but management's guidance of 20% topline growth and 30% EBITDA margins remains intact.

Birkenstock: Stock Is Still Not Attractive After Price Drop

Birkenstock's Sudden Slide—Why It Might Be Your Next Big Win

Birkenstock NYSE: BIRK has been on a strong run since going public in October 2023. Shares were up 54% prior to the release of its fiscal Q3 earnings on Aug. 29.

Birkenstock's Sudden Slide—Why It Might Be Your Next Big Win

Birkenstock: Decelerating Growth And Inflated Valuations Do Not Mix Well

Birkenstock's shares trade at a very high valuation despite decelerating revenue growth, contracting gross profit margins, and insiders selling. The company's third-quarter results missed revenue and profit expectations, and forward guidance was weak. Birkenstock's strategy of creating artificial scarcity is risky and could backfire, giving competitors an opportunity to capture unmet demand.

Birkenstock: Decelerating Growth And Inflated Valuations Do Not Mix Well

Birkenstock shares plunge more than 15% after sandal maker misses profit estimates

The company has focused on expanding its retail fleet and boosting production, which squashed margins.

Birkenstock shares plunge more than 15% after sandal maker misses profit estimates

The Motley Fool

Why Birkenstock Stock Got Knocked Down Today

Birkenstock delivered financial results that met management's guidance, which means its guidance for the year is unchanged. The stock is expensive, and investors are taking profits.

Why Birkenstock Stock Got Knocked Down Today

Birkenstock Holding plc (BIRK) Q3 2024 Earnings Call Transcript

Birkenstock Holding plc (NYSE:BIRK ) Q3 2024 Earnings Conference Call August 29, 2024 8:00 AM ET Company Participants Megan Kulick - Director of Investor Relations Oliver Reichert - Director and Chief Executive Officer Erik Massmann - Chief Financial Officer David Kahan - President, Americas Alexander Hoff - Vice President of Global Finance Conference Call Participants Simeon Siegel - BMO Capital Markets Laurent Vasilescu - BNP Paribas Paul Lejuez - Citibank Jay Sole - UBS Matthew Boss - JPMorgan Micheal Binetti - Evercore Mark Altschwager - Baird Sharon Zackfia - William Blair Sam Poser - Williams Trading Dana Telsey - Telsey Group Louise Singlehurst - Goldman Sachs Jim Duffy - Stifel Operator Good morning and thank you for standing by. Welcome to Birkenstock's Third Quarter Fiscal 2024 Earnings Conference Call.

Birkenstock Holding plc (BIRK) Q3 2024 Earnings Call Transcript

Big Beats in BBY and AFRM, DG and BIRK Shares Slide

Best Buy (BBY) and Affirm (AFRM) surprised investors, fueling rallies for both companies in the market on Thursday. On the other side of the financial see-saw, Dollar General (DG) and Birkenstock (BIRK) slid down.

Big Beats in BBY and AFRM, DG and BIRK Shares Slide

Proactive Investors

Birkenstock shares drop as quarterly financials disappoint

Birkenstock Holding PLC (NYSE:BIRK) shares traded more than 12% lower in Thursday's early deals after the designer clogs brand reported a disappointing third-quarter performance Key financials fell short of analyst expectations and margins reduced, by 220 basis points to 59.5%, with the German firm citing higher costs due to the cost of global expansion and increased production. Revenue was up 19% year-over-year to €564.8 million, slightly below the forecasted €565.2 million which was slightly less than a consensus estimate of €565.2 million.

Birkenstock shares drop as quarterly financials disappoint

Investors Business Daily

Birkenstock Unravels On Earnings Miss; Lululemon Results On Deck

Birkenstock tumbled after missing earnings, posting record revenue. Lululemon is set to report results Thursday morning.

Birkenstock Unravels On Earnings Miss; Lululemon Results On Deck

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