Analysts Set Birkenstock Holding plc (NYSE:BIRK) PT at $68.31

Birkenstock Holding plc (NYSE:BIRK) has been assigned an average recommendation of “Moderate Buy” from the seventeen brokerages that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $68.31.

Several research analysts have recently issued reports on BIRK shares. UBS Group increased their price target on Birkenstock from $83.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. BMO Capital Markets increased their target price on shares of Birkenstock from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. BTIG Research boosted their price target on shares of 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 increased their price objective on shares of Birkenstock from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $70.00 target price on shares of Birkenstock in a report on Thursday, February 20th.

Hedge Funds Weigh In On Birkenstock

A number of institutional investors have recently bought and sold shares of BIRK. MetLife Investment Management LLC lifted its stake in Birkenstock by 52.2% during the third quarter. MetLife Investment Management LLC now owns 688 shares of the company’s stock valued at $34,000 after buying an additional 236 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Birkenstock by 12.3% in the 4th quarter. Legal & General Group Plc now owns 3,158 shares of the company’s stock valued at $179,000 after acquiring an additional 347 shares in the last quarter. Malaga Cove Capital LLC boosted its stake in Birkenstock by 3.5% in the 4th quarter. Malaga Cove Capital LLC now owns 12,108 shares of the company’s stock worth $686,000 after purchasing an additional 407 shares during the period. Signaturefd LLC boosted its stake in Birkenstock by 642.6% in the 4th quarter. Signaturefd LLC now owns 505 shares of the company’s stock worth $29,000 after purchasing an additional 437 shares during the period. Finally, Quarry LP purchased a new position in Birkenstock during the 3rd quarter worth approximately $25,000. Hedge funds and other institutional investors own 19.93% of the company’s stock.

Birkenstock Trading Up 0.5 %

Birkenstock stock opened at $49.42 on Friday. Birkenstock has a 52-week low of $41.00 and a 52-week 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 firm has a market capitalization of $9.28 billion, a price-to-earnings ratio of 39.85, a PEG ratio of 1.02 and a beta of 1.61. The firm has a 50-day moving average price of $56.84 and a two-hundred day moving average price of $52.96.

Birkenstock (NYSE:BIRK) last issued its quarterly earnings data 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. Birkenstock had a return on equity of 9.52% and a net margin of 11.73%. The business had revenue of $385.88 million during the quarter, compared to the consensus estimate of $355.80 million. Sell-side analysts expect that Birkenstock will post 1.77 earnings per share for the current year.

About Birkenstock

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.