Birkenstock (NYSE:BIRK) Research Coverage Started at Citigroup

Citigroup initiated coverage on shares of Birkenstock (NYSE:BIRK) in a research note published on Monday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $65.00 target price on the stock.

Several other equities research analysts have also recently commented on the company. BMO Capital Markets boosted their price target on Birkenstock from $54.00 to $60.00 and gave the company an outperform rating in a research note on Friday, May 31st. Deutsche Bank Aktiengesellschaft reissued a buy rating and issued a $70.00 target price on shares of Birkenstock in a research report on Thursday, June 13th. Stifel Nicolaus raised their price target on shares of Birkenstock from $54.00 to $63.00 and gave the company a buy rating in a report on Friday, May 31st. Evercore ISI upped their price objective on shares of Birkenstock from $54.00 to $63.00 and gave the stock an outperform rating in a report on Friday, May 31st. Finally, BNP Paribas assumed coverage on shares of Birkenstock in a research report on Thursday, June 20th. They set an outperform rating and a $68.00 target price on the stock. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Birkenstock presently has a consensus rating of Moderate Buy and an average target price of $60.12.

Birkenstock Stock Up 1.9 %

Birkenstock stock opened at $56.50 on Monday. Birkenstock has a 12 month low of $35.83 and a 12 month high of $61.83. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 2.87. The company’s fifty day simple moving average is $52.23 and its 200-day simple moving average is $48.85.

Birkenstock (NYSE:BIRK) last released its quarterly earnings data on Thursday, May 30th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.09. The firm had revenue of $522.51 million for the quarter, compared to analyst estimates of $499.98 million. On average, sell-side analysts predict that Birkenstock will post 1.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. GAMMA Investing LLC grew its stake in shares of Birkenstock by 377.1% in the second quarter. GAMMA Investing LLC now owns 668 shares of the company’s stock worth $36,000 after acquiring an additional 528 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Birkenstock during the 1st quarter worth about $40,000. Tower Research Capital LLC TRC acquired a new position in shares of Birkenstock during the fourth quarter valued at about $77,000. Venturi Wealth Management LLC bought a new stake in shares of Birkenstock in the fourth quarter valued at about $83,000. Finally, CWM LLC grew its position in Birkenstock by 358.2% during the first quarter. CWM LLC now owns 2,181 shares of the company’s stock worth $103,000 after buying an additional 1,705 shares in the last quarter. 19.93% of the stock is currently owned by institutional investors and hedge funds.

Birkenstock Company Profile

Birkenstock Holding plc manufactures and sells footwear products. It also offers sandals, shoes, closed-toe silhouettes, skincare products, and accessories. The company sells its products through e-commerce sites and a network of owned retail stores, as well as business-to-business channels. It operates in the United States, Brazil, Canada, Mexico, Europe, APMA, and internationally.