Birkenstock (NYSE:BIRK) Given New $65.00 Price Target at Deutsche Bank Aktiengesellschaft

Birkenstock (NYSE:BIRK - Get Free Report) had its price objective decreased by stock analysts at Deutsche Bank Aktiengesellschaft from $69.00 to $65.00 in a note issued to investors on Wednesday. The brokerage currently has a "neutral" rating on the stock. Deutsche Bank Aktiengesellschaft's target price points to a potential upside of 13.72% from the company's current price.

Other analysts have also issued research reports about the stock. BMO Capital Markets restated an "outperform" rating and issued a $60.00 price target on shares of Birkenstock in a research note on Friday, August 30th. HSBC upgraded shares of Birkenstock from a "hold" rating to a "buy" rating and upped their target price for the company from $58.00 to $60.00 in a research note on Tuesday, December 3rd. Evercore ISI reiterated an "outperform" rating and issued a $77.00 price target (up from $63.00) on shares of Birkenstock in a research note on Monday, August 26th. Telsey Advisory Group reissued an "outperform" rating and issued a $70.00 price objective on shares of Birkenstock in a report on Friday, December 13th. Finally, BTIG Research set a $60.00 target price on Birkenstock and gave the stock a "buy" rating in a report on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Birkenstock has an average rating of "Moderate Buy" and a consensus target price of $66.44.

Birkenstock Stock Up 2.0 %

BIRK traded up $1.10 on Wednesday, reaching $57.16. The company's stock had a trading volume of 5,639,601 shares, compared to its average volume of 1,054,559. Birkenstock has a 1 year low of $41.00 and a 1 year high of $64.78. The business's 50 day moving average is $49.81 and its 200 day moving average is $53.05. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.91 and a quick ratio of 1.49. The stock has a market cap of $10.74 billion, a price-to-earnings ratio of 93.70, a price-to-earnings-growth ratio of 1.19 and a beta of 2.22.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Quarry LP acquired a new position in shares of Birkenstock during the third quarter worth approximately $25,000. MetLife Investment Management LLC raised its stake in Birkenstock by 52.2% during the 3rd quarter. MetLife Investment Management LLC now owns 688 shares of the company's stock valued at $34,000 after acquiring an additional 236 shares in the last quarter. GAMMA Investing LLC raised its stake in Birkenstock by 33.7% during the 3rd quarter. GAMMA Investing LLC now owns 893 shares of the company's stock valued at $44,000 after acquiring an additional 225 shares in the last quarter. Amalgamated Bank boosted its position in Birkenstock by 51.8% during the 3rd quarter. Amalgamated Bank now owns 2,071 shares of the company's stock worth $102,000 after acquiring an additional 707 shares during the period. Finally, Acadian Asset Management LLC bought a new position in shares of Birkenstock in the second quarter worth $136,000. Institutional investors 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.