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

Birkenstock Holding plc (NYSE:BIRKGet Free Report) has been given a consensus recommendation of “Moderate Buy” by the nineteen brokerages that are covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $56.62.

Several equities analysts have weighed in on BIRK shares. The Goldman Sachs Group cut Birkenstock from a “buy” rating to a “neutral” rating and lifted their target price for the company from $54.20 to $58.00 in a research note on Wednesday, June 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $70.00 target price on shares of Birkenstock in a research note on Thursday, June 13th. UBS Group lifted their target price on Birkenstock from $51.00 to $52.00 and gave the company a “neutral” rating in a research note on Monday, March 4th. JPMorgan Chase & Co. boosted their price target on Birkenstock from $56.00 to $64.00 and gave the company an “overweight” rating in a research note on Monday, June 3rd. Finally, Stifel Nicolaus boosted their price target on Birkenstock from $54.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, May 31st.

View Our Latest Report on Birkenstock

Institutional Investors Weigh In On Birkenstock

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blackstone Inc. acquired a new stake in Birkenstock in the 4th quarter worth approximately $3,411,000. Ghisallo Capital Management LLC acquired a new position in shares of Birkenstock during the fourth quarter worth approximately $4,873,000. Capital International Ltd. CA acquired a new position in shares of Birkenstock during the fourth quarter worth approximately $1,909,000. New York State Common Retirement Fund acquired a new position in shares of Birkenstock during the fourth quarter worth approximately $1,067,000. Finally, Treasurer of the State of North Carolina acquired a new position in shares of Birkenstock during the fourth quarter worth approximately $643,000. 19.93% of the stock is currently owned by institutional investors and hedge funds.

Birkenstock Trading Up 0.5 %

NYSE BIRK opened at $61.47 on Tuesday. The stock’s 50-day moving average price is $50.18 and its two-hundred day moving average price is $48.43. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 2.87. Birkenstock has a 1 year low of $35.83 and a 1 year high of $61.83.

Birkenstock (NYSE:BIRKGet Free Report) last released its earnings results on Thursday, May 30th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.09. The business had revenue of $522.51 million for the quarter, compared to analysts’ expectations of $499.98 million. As a group, equities research analysts expect that Birkenstock will post 1.34 EPS for the current year.

About Birkenstock

(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.

Featured Stories

Analyst Recommendations for Birkenstock (NYSE:BIRK)

Receive News & Ratings for Birkenstock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Birkenstock and related companies with MarketBeat.com's FREE daily email newsletter.