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

Shares of Birkenstock Holding PLC (NYSE:BIRK - Get Free Report) have earned a consensus rating of "Buy" from the fourteen analysts that are covering the stock, MarketBeat Ratings reports. Thirteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $68.92.

BIRK has been the subject of a number of analyst reports. Bank of America lifted their price objective on Birkenstock from $70.00 to $73.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Evercore ISI boosted their target price on Birkenstock from $65.00 to $70.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. BMO Capital Markets upped their price target on Birkenstock from $70.00 to $75.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Telsey Advisory Group reiterated an "outperform" rating and issued a $70.00 price target on shares of Birkenstock in a research report on Thursday, May 15th. Finally, Stifel Nicolaus lifted their price objective on shares of Birkenstock from $62.00 to $70.00 and gave the stock a "buy" rating in a research note on Friday, May 16th.

Birkenstock Trading Up 0.3%

BIRK opened at $49.43 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.06 and a quick ratio of 1.34. The company has a market cap of $9.28 billion, a price-to-earnings ratio of 34.81, a price-to-earnings-growth ratio of 1.08 and a beta of 1.48. The firm has a 50 day simple moving average of $52.84 and a 200 day simple moving average of $52.66. 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 released its earnings results on Thursday, May 15th. The company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.01. The firm had revenue of $623.54 million during 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%. The business's quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.38 EPS. On average, sell-side analysts anticipate that Birkenstock will post 1.77 earnings per share for the current year.

Institutional Trading of Birkenstock

A number of large investors have recently bought and sold shares of BIRK. Signaturefd LLC boosted its holdings in shares of Birkenstock by 642.6% in the fourth quarter. Signaturefd LLC now owns 505 shares of the company's stock valued at $29,000 after buying an additional 437 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Birkenstock in the 4th quarter valued at $34,000. NewEdge Advisors LLC bought a new stake in Birkenstock in the 4th quarter valued at $45,000. Quarry LP boosted 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 purchasing an additional 599 shares during the period. Finally, Headlands Technologies LLC bought a new position in Birkenstock during the 4th quarter worth about $76,000. 19.93% of the stock is owned by institutional investors.

About Birkenstock

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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