Birkenstock Holding plc (NYSE:BIRK) Receives $68.31 Average Price Target from Analysts

Shares of Birkenstock Holding plc (NYSE:BIRK) have earned an average rating of “Moderate Buy” from the seventeen brokerages that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $68.31.

Several brokerages have recently commented on BIRK. Deutsche Bank Aktiengesellschaft boosted their price target on Birkenstock from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Piper Sandler initiated coverage on Birkenstock in a report on Tuesday, December 10th. They issued an “overweight” rating and a $65.00 target price on the stock. Hsbc Global Res upgraded shares of Birkenstock to a “strong-buy” rating in a research report on Tuesday, December 3rd. UBS Group increased their price objective on shares of Birkenstock from $83.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, HSBC upgraded shares of Birkenstock from a “hold” rating to a “buy” rating and lifted their target price for the stock from $58.00 to $60.00 in a research report on Tuesday, December 3rd.

Institutional Investors Weigh In On Birkenstock

A number of large investors have recently added to or reduced their stakes in BIRK. Quarry LP acquired a new position in shares of Birkenstock during the 3rd quarter worth about $25,000. Signaturefd LLC increased its position in Birkenstock by 642.6% during the fourth quarter. Signaturefd LLC now owns 505 shares of the company’s stock worth $29,000 after acquiring an additional 437 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Birkenstock during the 4th quarter valued at $34,000. MetLife Investment Management LLC boosted its holdings in Birkenstock by 52.2% in the 3rd quarter. MetLife Investment Management LLC now owns 688 shares of the company’s stock valued at $34,000 after purchasing an additional 236 shares during the period. Finally, NewEdge Advisors LLC bought a new position in shares of Birkenstock during the 4th quarter worth about $45,000. Institutional investors own 19.93% of the company’s stock.

Birkenstock Stock Performance

NYSE BIRK opened at $49.12 on Friday. The company has a current ratio of 2.84, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average is $57.05 and its two-hundred day moving average is $53.08. The stock has a market capitalization of $9.23 billion, a price-to-earnings ratio of 39.61, a PEG ratio of 1.02 and a beta of 1.61. Birkenstock has a 12-month low of $41.00 and a 12-month high of $64.78.

Birkenstock (NYSE:BIRK) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. Birkenstock had a net margin of 11.73% and a return on equity of 9.52%. The business had revenue of $385.88 million for the quarter, compared to analysts’ expectations of $355.80 million. Research analysts expect that Birkenstock will post 1.77 EPS for the current year.

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.