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

Shares of Birkenstock Holding plc (NYSE:BIRK) have earned an average recommendation of “Moderate Buy” from the seventeen brokerages that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $68.31.

Several brokerages have recently commented on BIRK. Robert W. Baird boosted their price target on Birkenstock from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Telsey Advisory Group reissued an “outperform” rating and issued a $70.00 target price on shares of Birkenstock in a report on Thursday, February 20th. Deutsche Bank Aktiengesellschaft raised their price target on Birkenstock from $65.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. 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, BMO Capital Markets raised their target price on shares of Birkenstock from $60.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, December 19th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Quarry LP purchased a new position in Birkenstock during the third quarter worth about $25,000. Signaturefd LLC increased its stake in shares of Birkenstock by 642.6% during the 4th quarter. Signaturefd LLC now owns 505 shares of the company’s stock valued at $29,000 after acquiring an additional 437 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Birkenstock by 52.2% during the 3rd quarter. MetLife Investment Management LLC now owns 688 shares of the company’s stock worth $34,000 after acquiring an additional 236 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Birkenstock in the fourth quarter worth approximately $34,000. Finally, NewEdge Advisors LLC acquired a new position in Birkenstock during the fourth quarter worth approximately $45,000. Hedge funds and other institutional investors own 19.93% of the company’s stock.

Birkenstock Trading Down 0.6 %

NYSE:BIRK opened at $46.90 on Thursday. Birkenstock has a 1 year low of $41.00 and a 1 year high of $64.78. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 2.84. The stock has a fifty day moving average price of $52.46 and a two-hundred day moving average price of $51.56. The stock has a market capitalization of $8.81 billion, a price-to-earnings ratio of 37.82, a PEG ratio of 1.02 and a beta of 1.90.

Birkenstock (NYSE:BIRK) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The business had revenue of $385.88 million during the quarter, compared to the consensus estimate of $355.80 million. Birkenstock had a net margin of 11.73% and a return on equity of 9.52%. As a group, sell-side analysts anticipate that Birkenstock will post 1.77 earnings per share for the current fiscal 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.