Birkenstock Holding plc (NYSE:BIRK) Receives $62.11 Consensus Price Target from Analysts

by · The Cerbat Gem

Shares of Birkenstock Holding plc (NYSE:BIRK – Get Free Report) have been given an average rating of “Moderate Buy” by the twenty analysts that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and sixteen have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $62.11.

A number of analysts have recently issued reports on BIRK shares. Bank of America upgraded Birkenstock from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $62.00 to $65.00 in a research note on Thursday, July 25th. BTIG Research set a $60.00 price objective on shares of Birkenstock and gave the company a “buy” rating in a report on Friday, October 18th. Stifel Nicolaus raised their target price on shares of Birkenstock from $63.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Telsey Advisory Group reiterated an “outperform” rating and issued a $70.00 price target on shares of Birkenstock in a research note on Tuesday, September 24th. Finally, Evercore ISI restated an “outperform” rating and set a $77.00 price objective (up from $63.00) on shares of Birkenstock in a research report on Monday, August 26th.

View Our Latest Analysis on Birkenstock

Hedge Funds Weigh In On Birkenstock

Several hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in Birkenstock by 377.1% in the second quarter. GAMMA Investing LLC now owns 668 shares of the company’s stock valued at $36,000 after acquiring an additional 528 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Birkenstock in the 1st quarter valued at $40,000. CWM LLC lifted its position in shares of Birkenstock by 358.2% during 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. Acadian Asset Management LLC acquired a new stake in Birkenstock in the second quarter valued at about $136,000. Finally, MSA Advisors LLC bought a new position in Birkenstock in the second quarter valued at about $223,000. 19.93% of the stock is currently owned by institutional investors and hedge funds.

Birkenstock Price Performance

NYSE:BIRK opened at $49.40 on Monday. The company has a current ratio of 2.91, a quick ratio of 1.49 and a debt-to-equity ratio of 0.55. The firm has a fifty day simple moving average of $50.87 and a 200 day simple moving average of $52.15. Birkenstock has a 1-year low of $37.60 and a 1-year high of $64.78. The stock has a market capitalization of $9.28 billion and a PE ratio of 80.98.

Birkenstock (NYSE:BIRK – Get Free Report) last issued its earnings results on Thursday, August 29th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.07). Birkenstock had a net margin of 6.26% and a return on equity of 5.79%. The firm had revenue of $564.76 million during the quarter, compared to the consensus estimate of $628.70 million. On average, research analysts expect that Birkenstock will post 1.39 EPS for the current fiscal year.

Birkenstock Company Profile

(Get Free Report

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.

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