Birkenstock (NYSE:BIRK) Price Target Raised to $66.00 at Deutsche Bank Aktiengesellschaft

Birkenstock (NYSE:BIRK - Get Free Report) had its target price lifted by analysts at Deutsche Bank Aktiengesellschaft from $65.00 to $66.00 in a report released on Thursday,Benzinga reports. The firm currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective would suggest a potential upside of 14.60% from the company's current price.

Several other brokerages also recently weighed in on BIRK. Robert W. Baird lifted their target price on Birkenstock from $65.00 to $72.00 and gave the company an "outperform" rating in a research note on Thursday. BMO Capital Markets reissued an "outperform" rating and set a $60.00 target price on shares of Birkenstock in a research note on Friday, August 30th. Piper Sandler began coverage on shares of Birkenstock in a research note on Tuesday, December 10th. They issued an "overweight" rating and a $65.00 price target for the company. UBS Group lowered their price objective on shares of Birkenstock from $85.00 to $83.00 and set a "buy" rating on the stock in a research note on Tuesday, December 10th. Finally, Stifel Nicolaus increased their price target on Birkenstock from $63.00 to $70.00 and gave the company a "buy" rating in a research note on Friday, August 23rd. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Birkenstock currently has a consensus rating of "Moderate Buy" and a consensus target price of $68.31.

Birkenstock Stock Performance

Shares of NYSE BIRK traded up $0.43 during trading on Thursday, reaching $57.59. The stock had a trading volume of 2,624,268 shares, compared to its average volume of 1,060,974. The firm's 50 day moving average price is $49.97 and its two-hundred day moving average price is $53.08. Birkenstock has a one year low of $41.00 and a one year high of $64.78. The stock has a market cap of $10.82 billion, a PE ratio of 94.41, a P/E/G ratio of 1.19 and a beta of 2.22. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.49 and a current ratio of 2.91.

Hedge Funds Weigh In On Birkenstock

Hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in Birkenstock by 33.7% during the 3rd quarter. GAMMA Investing LLC now owns 893 shares of the company's stock worth $44,000 after acquiring an additional 225 shares during the last quarter. MetLife Investment Management LLC increased its stake in shares of Birkenstock by 52.2% in the third quarter. MetLife Investment Management LLC now owns 688 shares of the company's stock worth $34,000 after purchasing an additional 236 shares during the period. Quarry LP acquired a new position in shares of Birkenstock during the 3rd quarter worth about $25,000. Amalgamated Bank boosted its stake in Birkenstock by 51.8% during the 3rd quarter. Amalgamated Bank now owns 2,071 shares of the company's stock valued at $102,000 after purchasing an additional 707 shares during the period. Finally, Venturi Wealth Management LLC grew its holdings in Birkenstock by 58.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 6,670 shares of the company's stock valued at $329,000 after buying an additional 2,470 shares during the last quarter. 19.93% of the stock is owned by institutional investors and hedge funds.

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.