Birkenstock Holding plc (NYSE:BIRK) Receives Average Rating of "Moderate Buy" from Brokerages

Birkenstock Holding plc (NYSE:BIRK - Get Free Report) has earned a consensus rating of "Moderate Buy" from the twenty analysts that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $62.11.

A number of analysts recently issued reports on BIRK shares. Morgan Stanley boosted their price objective on Birkenstock from $44.00 to $58.00 and gave the company an "equal weight" rating in a research note on Tuesday, June 25th. Stifel Nicolaus raised their price objective on shares of Birkenstock from $63.00 to $70.00 and gave the company a "buy" rating in a research report on Friday, August 23rd. Bank of America raised shares of Birkenstock from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $62.00 to $65.00 in a research note on Thursday, July 25th. BMO Capital Markets reiterated an "outperform" rating and issued a $60.00 target price on shares of Birkenstock in a research note on Friday, August 30th. Finally, Evercore ISI restated an "outperform" rating and set a $77.00 price target (up from $63.00) on shares of Birkenstock in a research report on Monday, August 26th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. GAMMA Investing LLC grew its holdings in shares of 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 purchasing an additional 225 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in Birkenstock during the first quarter valued at about $40,000. CWM LLC grew its stake in shares of Birkenstock by 358.2% during the first quarter. CWM LLC now owns 2,181 shares of the company's stock valued at $103,000 after buying an additional 1,705 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of Birkenstock in the second quarter worth about $136,000. Finally, MSA Advisors LLC purchased a new stake in Birkenstock during the 2nd quarter valued at about $223,000. 19.93% of the stock is owned by hedge funds and other institutional investors.

Birkenstock Stock Performance

NYSE BIRK traded down $0.72 during trading on Monday, hitting $51.06. 513,329 shares of the company's stock traded hands, compared to its average volume of 1,018,928. The stock has a market capitalization of $9.59 billion and a price-to-earnings ratio of 83.70. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.49 and a current ratio of 2.91. The business has a 50 day moving average of $51.93 and a 200-day moving average of $51.93. Birkenstock has a 12-month low of $37.60 and a 12-month high of $64.78.

Birkenstock (NYSE:BIRK - Get Free Report) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.07). Birkenstock had a return on equity of 5.79% and a net margin of 6.26%. The business had revenue of $564.76 million during the quarter, compared to the consensus estimate of $628.70 million. As a group, equities research analysts anticipate that Birkenstock will post 1.39 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.