Birkenstock grants 2,275 RSUs and Bernstein lifts target for Birkenstock Holding stock

Published on 10/13/2026 at 01:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bernstein set a USD 55.00 target after USD 50.00 on September 25, 2026. For Birkenstock Holding stock, Q3 revenue was EUR 720.00 million.

Key points in brief

Birkenstock Holding granted director Nisha Kumar 2,275 restricted stock units on October 1, 2026.
Bernstein lifted its price target from USD 50.00 to USD 55.00 on September 25, 2026.
Fiscal third-quarter revenue reached EUR 720.00 million, with constant-currency growth of 15.00 percent.
Adjusted EBITDA was EUR 242.00 million and the margin was 33.70 percent in the third quarter.
The NYSE-listed company had a market capitalization of USD 6.2 billion as of October 12, 2026.

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Birkenstock Holding granted director Nisha Kumar 2,275 restricted stock units on October 1, 2026, while Bernstein lifted its target from USD 50.00 to USD 55.00 on September 25, 2026. StockTitan reported the director grant, while Investing.com reported the Bernstein target change.

Three events shape the picture

On August 13, 2026, Birkenstock reported fiscal third-quarter revenue of EUR 720.00 million and raised full-year constant-currency revenue growth guidance to 15.00 percent. The Yahoo Finance transcript records the quarter, the guidance change and adjusted EBITDA guidance of at least EUR 710.00 million.

On August 14, 2026, the company was reported to have priced a secondary offering and concurrent share repurchase, while the October 1, 2026 director grant became the most recent dated corporate filing in this review. The 2,275-unit award represents one ordinary share per restricted stock unit and vests on the earlier of the first anniversary or the next annual meeting, according to StockTitan.

What do margins mean for valuation?

The third-quarter adjusted EBITDA result was EUR 242.00 million, up 11.00 percent year over year, while the adjusted EBITDA margin was 33.70 percent. Adjusted gross margin stood at 59.20 percent, down 130 basis points year over year as foreign-exchange effects and U.S. tariffs reduced profitability.

The operating split offers a useful counterweight: direct-to-consumer revenue grew 16.00 percent in constant currency and owned retail revenue rose 50.00 percent. That combination matters because Birkenstock is expanding its own distribution while preserving the pricing control that supports its premium positioning.

Stock context and investor view

Birkenstock Holding had a market capitalization of USD 6.2 billion as of October 12, 2026. Finance data placed the NYSE-listed company at a 52-week range of USD 29.93 to USD 50.73, leaving the latest USD 33.85 quote well below the yearly high and keeping the valuation discussion tied to execution rather than headline growth alone.

The latest operating figures show both sides of the case. Revenue growth reached 15.00 percent in constant currency, but the adjusted gross margin declined 130 basis points and the adjusted EBITDA margin declined 70 basis points year over year. Analysts therefore have a stronger sales story to weigh against tariff, currency and distribution costs.

Market report and company facts

The NYSE quotation and the latest company disclosures put the emphasis on cash generation, retail expansion and margin protection. The third-quarter call reported EUR 247.00 million in operating cash flow and EUR 694.00 million in cash and cash equivalents as of June 30, 2026, while the company continued to target adjusted EBITDA of at least EUR 710.00 million for fiscal 2026.

The further course of trading is shown by the continuously updated real-time quote of Birkenstock Holding stock.