Guggenheim has initiated coverage on Birkenstock Holding PLC (BIRK) with a Buy rating, marking the firm's first assessment of the company. This decision highlights Guggenheim's analysis of Birkenstock's investment potential within the textiles, apparel, and luxury goods sector.
Birkenstock, known for its iconic footbed-based products, operates a vertically integrated manufacturing base in Germany. The company caters to a diverse consumer base with offerings that extend beyond footwear to include sleep systems and natural cosmetics. With a market capitalization of $8.0 billion and a trailing P/E ratio of 22.49, Birkenstock's financial snapshot suggests a solid foundation for growth.
Looking ahead, the company is expected to report earnings on August 12, 2026, with an estimated EPS of $0.78 and revenue of $749.6 million. Recent earnings performance has shown positive surprises, including a Q3 2025 EPS of $0.62, exceeding estimates by 1.8%.
Currently, analyst consensus indicates a Buy rating, with 10 Strong Buy, 12 Buy, and 3 Hold ratings. Analyst ratings serve as professional opinions based on extensive research, but they should be considered alongside company fundamentals and market conditions. As new information emerges, ratings may evolve, reflecting the dynamic nature of the market.