Analysts Set Birkenstock Holding plc (NYSE:BIRK) Target Price at $49.15

Shares of Birkenstock Holding plc (NYSE:BIRK) have been given a consensus recommendation of “Moderate Buy” by the nineteen brokerages that are covering the stock, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $49.15.

A number of equities analysts have issued reports on the stock. Piper Sandler boosted their price objective on shares of Birkenstock from $56.50 to $61.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Telsey Advisory Group downgraded Birkenstock from an “outperform” rating to a “market perform” rating and set a $56.00 price target on the stock. in a report on Thursday, February 29th. Robert W. Baird upped their price target on Birkenstock from $54.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. UBS Group lifted their price objective on Birkenstock from $51.00 to $52.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th. Finally, BMO Capital Markets upped their target price on Birkenstock from $50.00 to $54.00 and gave the company an “outperform” rating in a report on Friday, March 1st.

Institutional Trading of Birkenstock

A number of hedge funds have recently modified their holdings of the business. Banque Cantonale Vaudoise purchased a new position in Birkenstock during the 1st quarter valued at about $40,000. Tower Research Capital LLC TRC purchased a new position in shares of Birkenstock during the fourth quarter valued at approximately $77,000. Venturi Wealth Management LLC purchased a new position in shares of Birkenstock during the fourth quarter valued at approximately $83,000. CWM LLC grew its stake in shares of Birkenstock by 358.2% in the 1st quarter. CWM LLC now owns 2,181 shares of the company’s stock worth $103,000 after buying an additional 1,705 shares during the last quarter. Finally, Connable Office Inc. bought a new position in Birkenstock during the 4th quarter valued at approximately $216,000. Institutional investors own 19.93% of the company’s stock.

Birkenstock Stock Down 0.6 %

Shares of BIRK stock opened at $44.48 on Monday. The business has a 50-day moving average of $46.30 and a 200 day moving average of $45.57. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.28 and a current ratio of 2.85. Birkenstock has a 1-year low of $35.83 and a 1-year high of $55.00.

Birkenstock (NYSE:BIRK) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). The business had revenue of $303.00 million during the quarter, compared to analysts’ expectations of $289.09 million. The firm’s quarterly revenue was up 21.9% on a year-over-year basis. On average, equities analysts anticipate that Birkenstock will post 1.29 earnings per share for the current fiscal 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.