Birkenstock jumps 18% as investors digest Q2 results and steady FY2026 outlook

Birkenstock Holding plc (BIRK) is up 18.2% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a positive read-through from Birkenstock’s fiscal Q2 2026 update, where the company delivered double-digit constant-currency growth and reiterated its full-year targets despite FX and tariff headwinds. The rally may also reflect investors refocusing on demand resilience and capacity expansion after prior concerns around margins and macro pressures.

Details:

The company reported fiscal Q2 revenue of about €618 million, up 14% in constant currency, landing within its previously stated growth range.

Management confirmed its fiscal 2026 outlook, including 13–15% constant-currency revenue growth and a 30.0–30.5% adjusted EBITDA margin target.

APAC remained the fastest-growing region in constant currency, supporting the view that the brand still has meaningful runway outside its core markets.

Margins and EPS were pressured by currency translation and incremental U.S. tariffs, but investors may be looking through these items as temporary or manageable over time.

Sources:

U.S. Securities and Exchange Commission (Birkenstock Form 6-K / Exhibit 99.1), Birkenstock Investor Relations, TipRanks

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

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$BIRK Hedge Fund Activity

We have seen 131 institutional investors add shares of $BIRK stock to their portfolio, and 176 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CATTERTON MANAGEMENT COMPANY, L.L.C. removed 15,319,748 shares (-13.4%) from their portfolio in Q1 2026, for an estimated $548,906,570
T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 4,368,842 shares (-41.1%) from their portfolio in Q4 2025, for an estimated $178,685,637
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added 2,175,805 shares (+216.5%) to their portfolio in Q1 2026, for an estimated $77,959,093
AGF MANAGEMENT LTD removed 2,089,320 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $85,453,188
FMR LLC added 1,487,353 shares (+41.8%) to their portfolio in Q1 2026, for an estimated $53,291,857
ANOMALY CAPITAL MANAGEMENT, LP added 1,415,235 shares (+inf%) to their portfolio in Q1 2026, for an estimated $50,707,870
BAMCO INC /NY/ added 1,400,031 shares (+17.6%) to their portfolio in Q1 2026, for an estimated $50,163,110

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$BIRK Analyst Ratings

Wall Street analysts have issued reports on $BIRK in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Telsey Advisory Group issued a "Outperform" rating on 01/13/2026
Stifel issued a "Buy" rating on 12/19/2025
BTIG issued a "Buy" rating on 12/15/2025
Guggenheim issued a "Buy" rating on 12/10/2025

To track analyst ratings and price targets for $BIRK, check out Quiver Quantitative's $BIRK forecast page.

$BIRK Price Targets

Multiple analysts have issued price targets for $BIRK recently. We have seen 9 analysts offer price targets for $BIRK in the last 6 months, with a median target of $55.0.

Here are some recent targets:

Janine Stichter from BTIG set a target price of $60.0 on 05/14/2026
Dana Telsey from Telsey Advisory Group set a target price of $45.0 on 05/14/2026
Anna Andreeva from Piper Sandler set a target price of $55.0 on 04/27/2026
Peter McGoldrick from Stifel set a target price of $56.0 on 04/22/2026
Mitch Kummetz from Seaport Global set a target price of $52.0 on 04/14/2026
Matthew Boss from JP Morgan set a target price of $52.0 on 01/20/2026
Luca Solca from Bernstein set a target price of $50.0 on 01/15/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.