Brokerages Set Birkenstock Holding PLC (NYSE:BIRK) Price Target at $68.58

Key Points

• Birkenstock Holding PLC (NYSE:BIRK) has received an average consensus rating of "Buy" from fourteen analysts, with thirteen recommending it as a buy and one as a strong buy.
• The company's stock recently opened at $49.67 and has a market capitalization of $9.33 billion, with a 12-month high of $64.78.
• Birkenstock's quarterly earnings exceeded expectations, with reported earnings per share (EPS) of $0.70 compared to an estimated $0.67, alongside a revenue of $749.13 million.

Birkenstock Holding PLC (NYSE:BIRK - Get Free Report) has been given a consensus recommendation of "Buy" by the fourteen research firms that are currently covering the company, Marketbeat reports. Thirteen research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $68.5833.

Several research analysts recently weighed in on the company. Bank of America lifted their price target on Birkenstock from $70.00 to $73.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Robert W. Baird lifted their price target on Birkenstock from $65.00 to $70.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. The Goldman Sachs Group upgraded Birkenstock from a "neutral" rating to a "buy" rating and set a $60.00 price objective for the company in a research report on Thursday, July 24th. BTIG Research boosted their price objective on Birkenstock from $70.00 to $72.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Finally, UBS Group set a $77.00 price objective on Birkenstock and gave the company a "buy" rating in a research report on Tuesday, August 5th.

Birkenstock Stock Down 0.7%

NYSE BIRK traded down $0.3540 during trading on Friday, hitting $50.1560. The company's stock had a trading volume of 1,739,944 shares, compared to its average volume of 1,948,675. 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 $9.42 billion, a PE ratio of 27.86, a P/E/G ratio of 1.15 and a beta of 1.31. The business's 50 day simple moving average is $50.14 and its 200-day simple moving average is $50.40. 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 announced its quarterly earnings data on Thursday, August 14th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.03. Birkenstock had a return on equity of 11.60% and a net margin of 15.21%.The firm had revenue of $749.13 million during the quarter, compared to analysts' expectations of $641.18 million. During the same period last year, the business posted $0.40 earnings per share. The company's revenue for the quarter was up 12.4% compared to the same quarter last year. Birkenstock has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Birkenstock will post 1.77 EPS for the current fiscal year.

Institutional Trading of Birkenstock

A number of institutional investors have recently made changes to their positions in the company. Ranger Investment Management L.P. acquired a new stake in shares of Birkenstock in the second quarter worth approximately $9,467,000. Tower Research Capital LLC TRC acquired a new stake in shares of Birkenstock in the second quarter worth approximately $363,000. Sculptor Capital LP acquired a new stake in shares of Birkenstock in the second quarter worth approximately $9,836,000. Smartleaf Asset Management LLC acquired a new stake in shares of Birkenstock in the second quarter worth approximately $74,000. Finally, Man Group plc boosted its stake in shares of Birkenstock by 88.2% in the second quarter. Man Group plc now owns 913,619 shares of the company's stock worth $44,932,000 after acquiring an additional 428,134 shares during the last quarter. 19.93% of the stock is owned by institutional investors and hedge funds.

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.