Birkenstock (NYSE:BIRK) Receives "Outperform" Rating from Telsey Advisory Group

Birkenstock (NYSE:BIRK - Get Free Report)'s stock had its "outperform" rating reiterated by equities research analysts at Telsey Advisory Group in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $70.00 price objective on the stock. Telsey Advisory Group's price target would suggest a potential upside of 26.87% from the company's previous close.

Other equities research analysts have also recently issued reports about the company. UBS Group upped their target price on Birkenstock from $83.00 to $95.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. HSBC raised shares of Birkenstock from a "hold" rating to a "buy" rating and upped their price objective for the stock from $58.00 to $60.00 in a research note on Tuesday, December 3rd. BMO Capital Markets boosted their price target on shares of Birkenstock from $60.00 to $70.00 and gave the company an "outperform" rating in a report on Thursday, December 19th. BTIG Research increased their price objective on shares of Birkenstock from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft lifted 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. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Birkenstock has a consensus rating of "Moderate Buy" and a consensus price target of $68.31.

Birkenstock Trading Down 3.1 %

Shares of Birkenstock stock traded down $1.75 on Thursday, hitting $55.17. 1,140,525 shares of the company traded hands, compared to its average volume of 1,405,292. Birkenstock has a 52 week low of $41.00 and a 52 week high of $64.78. The company has a market cap of $10.36 billion, a PE ratio of 51.09, a PEG ratio of 1.13 and a beta of 1.61. The stock's 50 day moving average price is $57.55 and its 200-day moving average price is $53.27. The company has a current ratio of 2.60, a quick ratio of 1.20 and a debt-to-equity ratio of 0.50.

Hedge Funds Weigh In On Birkenstock

Hedge funds have recently modified their holdings of the stock. Quarry LP acquired a new position in Birkenstock during the 3rd quarter valued at approximately $25,000. Signaturefd LLC raised its stake in shares of Birkenstock by 642.6% in the fourth quarter. Signaturefd LLC now owns 505 shares of the company's stock worth $29,000 after purchasing an additional 437 shares during the last quarter. MetLife Investment Management LLC boosted its position in Birkenstock by 52.2% in the third quarter. MetLife Investment Management LLC now owns 688 shares of the company's stock valued at $34,000 after buying an additional 236 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Birkenstock during the 4th quarter worth approximately $34,000. Finally, GAMMA Investing LLC lifted 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 during the period. 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.