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

Birkenstock Holding plc (NYSE:BIRK) has been assigned a consensus rating of “Moderate Buy” from the seventeen ratings firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $68.31.

A number of equities analysts have weighed in on BIRK shares. BTIG Research upped their price target on Birkenstock from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Robert W. Baird upped their price target on Birkenstock from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Telsey Advisory Group reiterated an “outperform” rating and set a $70.00 price objective on shares of Birkenstock in a research note on Thursday, February 20th. UBS Group upped their price objective on Birkenstock from $83.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Finally, Hsbc Global Res upgraded Birkenstock to a “strong-buy” rating in a research note on Tuesday, December 3rd.

Birkenstock Trading Up 0.4 %

NYSE:BIRK opened at $45.33 on Thursday. Birkenstock has a twelve month low of $41.00 and a twelve month high of $64.78. The company has a quick ratio of 1.08, a current ratio of 2.84 and a debt-to-equity ratio of 0.48. The business has a 50 day moving average price of $53.06 and a two-hundred day moving average price of $51.56. The company has a market cap of $8.51 billion, a P/E ratio of 36.56, a price-to-earnings-growth ratio of 1.02 and a beta of 1.90.

Birkenstock (NYSE:BIRK) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.19 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $355.80 million. As a group, analysts expect that Birkenstock will post 1.77 EPS for the current fiscal year.

Institutional Investors Weigh In On Birkenstock

A number of large investors have recently added to or reduced their stakes in the business. MetLife Investment Management LLC raised its stake in Birkenstock by 52.2% in the 3rd quarter. MetLife Investment Management LLC now owns 688 shares of the company’s stock valued at $34,000 after acquiring an additional 236 shares during the period. Legal & General Group Plc increased its position in Birkenstock by 12.3% during the 4th quarter. Legal & General Group Plc now owns 3,158 shares of the company’s stock worth $179,000 after buying an additional 347 shares during the period. Malaga Cove Capital LLC increased its position in Birkenstock by 3.5% during the 4th quarter. Malaga Cove Capital LLC now owns 12,108 shares of the company’s stock worth $686,000 after buying an additional 407 shares during the period. Signaturefd LLC increased its position in Birkenstock by 642.6% during the 4th quarter. Signaturefd LLC now owns 505 shares of the company’s stock worth $29,000 after buying an additional 437 shares during the period. Finally, Quarry LP bought a new position in Birkenstock during the 3rd quarter worth $25,000. Institutional investors own 19.93% of the company’s stock.

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.