Brokerages Set Birkenstock Holding plc (NYSE:BIRK) Price Target at $68.31

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

Several analysts have recently issued reports on BIRK shares. Hsbc Global Res raised Birkenstock to a “strong-buy” rating in a report on Tuesday, December 3rd. BTIG Research increased their target price on Birkenstock from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft increased 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. Piper Sandler assumed coverage on Birkenstock in a research note on Tuesday, December 10th. They issued an “overweight” rating and a $65.00 price objective on the stock. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $70.00 price objective on shares of Birkenstock in a research note on Thursday, February 20th.

Hedge Funds Weigh In On Birkenstock

Large investors have recently bought and sold shares of the company. HighTower Advisors LLC raised its position in Birkenstock by 370.8% in the third quarter. HighTower Advisors LLC now owns 26,165 shares of the company’s stock valued at $1,289,000 after purchasing an additional 20,607 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Birkenstock in the third quarter valued at about $1,323,000. Renaissance Capital LLC raised its position in Birkenstock by 94.0% in the fourth quarter. Renaissance Capital LLC now owns 82,190 shares of the company’s stock valued at $4,657,000 after purchasing an additional 39,831 shares during the last quarter. FMR LLC raised its position in Birkenstock by 61.4% in the third quarter. FMR LLC now owns 2,128,689 shares of the company’s stock valued at $104,923,000 after purchasing an additional 809,784 shares during the last quarter. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Birkenstock during the fourth quarter worth about $606,000. 19.93% of the stock is currently owned by institutional investors.

Birkenstock Stock Up 0.4 %

BIRK stock opened at $45.33 on Thursday. The stock has a market capitalization of $8.51 billion, a price-to-earnings ratio of 36.56, a PEG ratio of 1.02 and a beta of 1.90. Birkenstock has a fifty-two week low of $41.00 and a fifty-two week high of $64.78. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.84 and a quick ratio of 1.08. The business’s fifty day moving average price is $53.06 and its two-hundred day moving average price is $51.56.

Birkenstock (NYSE:BIRK) last released its earnings results on Thursday, February 20th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.03. The company had revenue of $385.88 million for the quarter, compared to analyst estimates of $355.80 million. Birkenstock had a return on equity of 9.52% and a net margin of 11.73%. On average, equities analysts anticipate that Birkenstock will post 1.77 earnings per share 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.