Birkenstock Holding plc (NYSE:BIRK) Receives Average Rating of “Moderate Buy” from Analysts

Birkenstock Holding plc (NYSE:BIRK) has been given a consensus rating of “Moderate Buy” by the seventeen research firms that are covering the firm, Marketbeat Ratings 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 12-month target price among brokerages that have covered the stock in the last year is $67.50.

Several equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Birkenstock from $65.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. UBS Group upped their price target on Birkenstock from $83.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. BMO Capital Markets raised their price objective on Birkenstock from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Telsey Advisory Group reiterated an “outperform” rating and issued a $70.00 target price on shares of Birkenstock in a report on Thursday, February 20th. Finally, Robert W. Baird raised their price target on shares of Birkenstock from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th.

Institutional Trading of Birkenstock

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. raised its stake in shares of Birkenstock by 5.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,124,254 shares of the company’s stock valued at $233,681,000 after acquiring an additional 194,622 shares in the last quarter. Bamco Inc. NY grew its holdings in Birkenstock by 8.3% during the fourth quarter. Bamco Inc. NY now owns 3,359,351 shares of the company’s stock valued at $190,341,000 after purchasing an additional 256,844 shares during the last quarter. Norges Bank bought a new position in shares of Birkenstock in the fourth quarter valued at approximately $131,786,000. Capital World Investors lifted its stake in shares of Birkenstock by 1.1% in the fourth quarter. Capital World Investors now owns 1,490,366 shares of the company’s stock worth $84,444,000 after buying an additional 16,466 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of Birkenstock by 27.2% during the 4th quarter. Alliancebernstein L.P. now owns 1,342,214 shares of the company’s stock worth $76,050,000 after buying an additional 286,618 shares during the period. Institutional investors and hedge funds own 19.93% of the company’s stock.

Birkenstock Trading Up 1.7 %

NYSE:BIRK opened at $48.06 on Monday. The stock has a fifty day simple moving average of $48.71 and a 200 day simple moving average of $51.39. 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 firm has a market capitalization of $9.03 billion, a price-to-earnings ratio of 38.76, a price-to-earnings-growth ratio of 1.02 and a beta of 1.71. Birkenstock has a 1-year low of $40.56 and a 1-year high of $64.78.

Birkenstock (NYSE:BIRK) last announced its earnings results on Thursday, February 20th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. Birkenstock had a net margin of 11.73% and a return on equity of 9.52%. The company had revenue of $385.88 million during the quarter, compared to analysts’ expectations of $355.80 million. Sell-side analysts forecast 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.