Birkenstock Holding plc (NYSE:BIRK - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $40.56 and last traded at $43.45, with a volume of 287105 shares trading hands. The stock had previously closed at $42.03.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on the company. BMO Capital Markets lifted their target price on Birkenstock from $60.00 to $70.00 and gave the stock an "outperform" rating in a research note on Thursday, December 19th. UBS Group lifted their price objective on shares of Birkenstock from $83.00 to $95.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Piper Sandler reduced their target price on shares of Birkenstock from $70.00 to $60.00 and set an "overweight" rating for the company in a research report on Friday. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $70.00 price target on shares of Birkenstock in a report on Thursday, February 20th. Finally, BTIG Research increased their price objective on Birkenstock from $60.00 to $70.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $67.50.
View Our Latest Research Report on BIRK
Birkenstock Stock Performance
The company has a 50-day moving average price of $48.71 and a two-hundred day moving average price of $51.39. The company has a quick ratio of 1.08, a current ratio of 2.84 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $9.02 billion, a P/E ratio of 38.73, a PEG ratio of 1.02 and a beta of 1.71.
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, topping the consensus estimate 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%. Equities analysts expect that Birkenstock Holding plc will post 1.77 earnings per share for the current year.
Hedge Funds Weigh In On Birkenstock
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC boosted its position in shares of Birkenstock by 642.6% during the 4th quarter. Signaturefd LLC now owns 505 shares of the company's stock valued at $29,000 after acquiring an additional 437 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Birkenstock in the fourth quarter valued at approximately $34,000. NewEdge Advisors LLC bought a new stake in Birkenstock during the fourth quarter valued at approximately $45,000. Quarry LP grew its stake in Birkenstock by 120.3% in the 4th quarter. Quarry LP now owns 1,097 shares of the company's stock worth $62,000 after buying an additional 599 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Birkenstock in the 4th quarter worth $76,000. 19.93% of the stock is currently owned by hedge funds and other institutional investors.
About Birkenstock
(
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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.
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