Birkenstock Holding plc (NYSE:BIRK) Receives $68.31 Average PT from Brokerages

Shares of Birkenstock Holding plc (NYSE:BIRK - Get Free Report) have been given a consensus rating of "Moderate Buy" by the seventeen ratings firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $68.31.

A number of analysts recently issued reports on the stock. Telsey Advisory Group restated an "outperform" rating and set a $70.00 target price on shares of Birkenstock in a research report on Thursday, December 19th. Piper Sandler initiated coverage on shares of Birkenstock in a research note on Tuesday, December 10th. They issued an "overweight" rating and a $65.00 target price on the stock. BTIG Research upped their price target on Birkenstock from $60.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Robert W. Baird lifted their target price on Birkenstock from $65.00 to $72.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. Finally, BMO Capital Markets increased their price objective on shares of Birkenstock from $60.00 to $70.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BIRK. Quarry LP bought a new stake in shares of Birkenstock in the third quarter valued at $25,000. MetLife Investment Management LLC lifted its position 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 purchasing an additional 236 shares during the last quarter. GAMMA Investing LLC grew its position in Birkenstock by 33.7% in the third quarter. GAMMA Investing LLC now owns 893 shares of the company's stock worth $44,000 after acquiring an additional 225 shares in the last quarter. Amalgamated Bank grew its position in Birkenstock by 51.8% during the third quarter. Amalgamated Bank now owns 2,071 shares of the company's stock valued at $102,000 after acquiring an additional 707 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new position in Birkenstock in the 2nd quarter worth $136,000. 19.93% of the stock is owned by institutional investors.

Birkenstock Price Performance

BIRK traded down $1.00 on Friday, hitting $56.29. 888,527 shares of the company were exchanged, compared to its average volume of 1,071,364. The business's fifty day moving average is $51.74 and its 200 day moving average is $53.00. The firm has a market capitalization of $10.57 billion, a P/E ratio of 92.28, a price-to-earnings-growth ratio of 1.19 and a beta of 2.22. Birkenstock has a fifty-two week low of $41.00 and a fifty-two week high of $64.78. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.49 and a current ratio of 2.91.

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.