Analysts Set Birkenstock Holding plc (NYSE:BIRK) Price Target at $67.50

Birkenstock Holding plc (NYSE:BIRK - Get Free Report) has been assigned an average rating of "Moderate Buy" from the seventeen brokerages that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $67.50.

Several equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Birkenstock from $65.00 to $66.00 and gave the company a "buy" rating in a report on Thursday, December 19th. BTIG Research boosted their price objective on shares of Birkenstock from $60.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Stifel Nicolaus lowered their price target on Birkenstock from $70.00 to $62.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Piper Sandler decreased their target price on Birkenstock from $70.00 to $60.00 and set an "overweight" rating for the company in a report on Friday. Finally, UBS Group lifted their price objective on shares of Birkenstock from $83.00 to $95.00 and gave the company a "buy" rating in a research note on Thursday, December 19th.

Birkenstock Stock Down 2.3 %

Shares of BIRK traded down $1.12 during trading hours on Monday, hitting $47.29. The company had a trading volume of 1,232,060 shares, compared to its average volume of 1,352,105. Birkenstock has a one year low of $40.56 and a one year high of $64.78. The company's fifty day moving average price is $48.36 and its two-hundred day moving average price is $51.35. The company has a market capitalization of $8.88 billion, a PE ratio of 38.14, a price-to-earnings-growth ratio of 1.02 and a beta of 1.71. The company has a current ratio of 2.84, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48.

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Birkenstock (NYSE:BIRK - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.03. The business had revenue of $385.88 million for the quarter, compared to analysts' expectations of $355.80 million. Birkenstock had a net margin of 11.73% and a return on equity of 9.52%. As a group, equities analysts forecast that Birkenstock will post 1.77 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Birkenstock

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BIRK. Signaturefd LLC raised its holdings in shares of Birkenstock by 642.6% during the 4th quarter. Signaturefd LLC now owns 505 shares of the company's stock worth $29,000 after acquiring an additional 437 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Birkenstock during the 4th quarter valued at approximately $34,000. NewEdge Advisors LLC purchased a new position in Birkenstock in the fourth quarter worth approximately $45,000. Quarry LP grew its position in Birkenstock by 120.3% in the fourth quarter. Quarry LP now owns 1,097 shares of the company's stock worth $62,000 after acquiring an additional 599 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in Birkenstock in the fourth quarter valued at $76,000. Institutional investors and hedge funds 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.