Birkenstock Holding plc (NYSE:BIRK) Receives $68.31 Consensus PT from Analysts

Shares of Birkenstock Holding plc (NYSE:BIRK) have been assigned a consensus recommendation of “Moderate Buy” from the seventeen research firms that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $68.31.

A number of analysts have recently weighed in on BIRK shares. HSBC upgraded shares of Birkenstock from a “hold” rating to a “buy” rating and increased their price objective for the stock from $58.00 to $60.00 in a research note on Tuesday, December 3rd. Hsbc Global Res raised Birkenstock to a “strong-buy” rating in a research report on Tuesday, December 3rd. UBS Group boosted their price objective on Birkenstock from $83.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft raised their target price on Birkenstock from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Finally, BMO Capital Markets lifted their price target on Birkenstock from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th.

Institutional Trading of Birkenstock

Institutional investors have recently modified their holdings of the stock. Quarry LP purchased a new position in Birkenstock in the 3rd quarter valued at about $25,000. Signaturefd LLC raised its holdings in shares of Birkenstock by 642.6% during the fourth 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. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Birkenstock in the fourth quarter valued at approximately $34,000. MetLife Investment Management LLC boosted its stake in shares of Birkenstock by 52.2% in the third 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 last quarter. Finally, NewEdge Advisors LLC purchased a new stake in shares of Birkenstock during the fourth quarter worth approximately $45,000. Institutional investors and hedge funds own 19.93% of the company’s stock.

Birkenstock Stock Up 4.8 %

Birkenstock stock opened at $47.43 on Thursday. Birkenstock has a fifty-two week low of $41.00 and a fifty-two week high of $64.78. The company has a market cap of $8.91 billion, a PE ratio of 38.25, a PEG ratio of 1.02 and a beta of 1.90. 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 business’s 50-day simple moving average is $52.87 and its two-hundred day simple moving average is $51.58.

Birkenstock (NYSE:BIRK) last issued its earnings results on Thursday, February 20th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. Birkenstock had a return on equity of 9.52% and a net margin of 11.73%. The firm had revenue of $385.88 million for the quarter, compared to analyst estimates of $355.80 million. Equities analysts anticipate that Birkenstock will post 1.77 EPS for the current year.

About Birkenstock

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.