Birkenstock Holding PLC (NYSE:BIRK) Given Average Recommendation of "Buy" by Analysts

Birkenstock Holding PLC (NYSE:BIRK - Get Free Report) has earned a consensus rating of "Buy" from the thirteen ratings firms that are covering the firm, Marketbeat Ratings reports. Twelve investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $69.27.

BIRK has been the topic of a number of research reports. Telsey Advisory Group reissued an "outperform" rating and issued a $70.00 target price on shares of Birkenstock in a research note on Thursday, May 15th. Piper Sandler lowered their price target on Birkenstock from $70.00 to $60.00 and set an "overweight" rating for the company in a report on Friday, April 11th. BTIG Research boosted their price objective on Birkenstock from $70.00 to $72.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Stifel Nicolaus upped their target price on Birkenstock from $62.00 to $70.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Finally, William Blair reiterated an "outperform" rating on shares of Birkenstock in a report on Tuesday, June 3rd.

Birkenstock Trading Down 0.4%

NYSE:BIRK traded down $0.18 on Friday, hitting $49.00. 2,034,245 shares of the stock were exchanged, compared to its average volume of 1,586,267. The stock has a fifty day moving average of $52.90 and a 200-day moving average of $52.57. The stock has a market cap of $9.20 billion, a PE ratio of 34.51, a PEG ratio of 1.08 and a beta of 1.32. The company has a current ratio of 3.06, a quick ratio of 1.34 and a debt-to-equity ratio of 0.47. Birkenstock has a fifty-two week low of $40.56 and a fifty-two week high of $64.78.

Birkenstock (NYSE:BIRK - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. The firm had revenue of $623.54 million for the quarter, compared to analyst estimates of $567.84 million. Birkenstock had a net margin of 12.86% and a return on equity of 10.22%. Birkenstock's revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.38 earnings per share. As a group, equities analysts expect that Birkenstock will post 1.77 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Birkenstock

A number of institutional investors have recently made changes to their positions in BIRK. New York State Common Retirement Fund boosted its holdings in Birkenstock by 21.7% in the fourth quarter. New York State Common Retirement Fund now owns 22,415 shares of the company's stock worth $1,270,000 after purchasing an additional 4,000 shares during the period. Handelsbanken Fonder AB acquired a new position in shares of Birkenstock in the 4th quarter valued at about $391,000. Bank of New York Mellon Corp boosted its holdings in shares of Birkenstock by 39.8% in the 4th quarter. Bank of New York Mellon Corp now owns 129,808 shares of the company's stock valued at $7,355,000 after buying an additional 36,987 shares during the period. Oppenheimer & Co. Inc. bought a new stake in shares of Birkenstock during the 4th quarter valued at about $606,000. Finally, Raymond James Financial Inc. acquired a new stake in Birkenstock during the fourth quarter worth about $283,000. 19.93% of the stock is currently owned by institutional investors.

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.