Birkenstock Holding plc (NYSE:BIRK) Receives $68.31 Average Price Target from Analysts

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

A number of analysts recently issued reports on BIRK shares. BTIG Research increased their target price on Birkenstock from $60.00 to $70.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Telsey Advisory Group restated an "outperform" rating and set a $70.00 price objective on shares of Birkenstock in a report on Thursday, February 20th. HSBC raised shares of Birkenstock from a "hold" rating to a "buy" rating and boosted their price objective for the company from $58.00 to $60.00 in a research report on Tuesday, December 3rd. BMO Capital Markets increased their target price on Birkenstock from $60.00 to $70.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. Finally, Hsbc Global Res upgraded Birkenstock to a "strong-buy" rating in a report on Tuesday, December 3rd.

Hedge Funds Weigh In On Birkenstock

A number of institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Birkenstock in the fourth quarter valued at $131,786,000. FMR LLC lifted its stake in Birkenstock by 61.4% in the 3rd quarter. FMR LLC now owns 2,128,689 shares of the company's stock valued at $104,923,000 after purchasing an additional 809,784 shares during the last quarter. Marshall Wace LLP grew its holdings in Birkenstock by 260.5% during the fourth quarter. Marshall Wace LLP now owns 1,100,692 shares of the company's stock worth $62,365,000 after purchasing an additional 795,382 shares during the period. AGF Management Ltd. acquired a new position in Birkenstock during the fourth quarter worth approximately $37,153,000. Finally, AXA S.A. bought a new stake in Birkenstock in the fourth quarter valued at approximately $29,050,000. 19.93% of the stock is currently owned by institutional investors and hedge funds.

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Birkenstock Trading Up 0.4 %

Shares of BIRK stock traded up $0.17 on Thursday, hitting $45.33. The stock had a trading volume of 882,603 shares, compared to its average volume of 1,238,448. The company has a current ratio of 2.84, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. Birkenstock has a twelve month low of $41.00 and a twelve month high of $64.78. The company has a fifty day moving average price of $53.06 and a two-hundred day moving average price of $51.56. The firm has a market cap of $8.51 billion, a P/E ratio of 36.56, a PEG ratio of 1.02 and a beta of 1.90.

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