William Blair analyst Sharon Zackfia has maintained their bullish stance on BIRK stock, giving a Buy rating today.
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Sharon Zackfia’s rating is based on Birkenstock Holding plc’s strong financial performance in the third quarter, which exceeded expectations despite facing currency challenges. The company achieved a notable increase in revenue, with a 12% rise overall and a 16% increase in constant currency terms, aligning with the full-year growth guidance of 15% to 17%. This growth was driven by a significant increase in pairs sold and an improvement in the average selling price, particularly in the closed-toe shoe segment.
Additionally, all geographic regions reported double-digit growth, with the Asia-Pacific region leading at 21% revenue growth. The wholesale channel experienced mid-teens growth, supported by robust demand and effective sell-through strategies. These positive financial indicators and strong market performance underpin Zackfia’s Buy rating for Birkenstock Holding plc, suggesting confidence in the company’s continued growth trajectory.
In another report released today, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $57.00 price target.