Brokerages Set Birkenstock Holding plc (NYSE:BIRK) PT at $67.19

Shares of Birkenstock Holding plc (NYSE:BIRK - Get Free Report) have been given a consensus rating of "Moderate Buy" by the seventeen research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $67.40.

Several research firms have issued reports on BIRK. BTIG Research upped their price objective on Birkenstock from $70.00 to $72.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $70.00 price objective on shares of Birkenstock in a report on Thursday, May 15th. Stifel Nicolaus upped their price objective on Birkenstock from $62.00 to $70.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Piper Sandler cut their price target on Birkenstock from $70.00 to $60.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Finally, Evercore ISI increased their price target on Birkenstock from $65.00 to $70.00 and gave the company an "outperform" rating in a research note on Monday, May 19th.

Birkenstock Trading Down 0.9%

NYSE:BIRK traded down $0.52 during trading hours on Tuesday, hitting $55.30. 760,906 shares of the stock were exchanged, compared to its average volume of 1,544,252. The company's 50 day moving average is $50.67 and its two-hundred day moving average is $52.41. Birkenstock has a twelve month low of $40.56 and a twelve month high of $64.78. The company has a quick ratio of 1.08, a current ratio of 2.84 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $10.39 billion, a P/E ratio of 44.58, a price-to-earnings-growth ratio of 1.02 and a beta of 1.48.

Birkenstock (NYSE:BIRK - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. Birkenstock had a return on equity of 9.52% and a net margin of 11.73%. The firm had revenue of $623.54 million for the quarter, compared to the consensus estimate of $567.84 million. During the same quarter in the prior year, the business earned $0.38 EPS. The business's revenue for the quarter was up 19.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Birkenstock will post 1.77 earnings per share for the current fiscal year.

Institutional Trading of Birkenstock

Several hedge funds have recently added to or reduced their stakes in BIRK. Renaissance Capital LLC raised its stake in Birkenstock by 94.0% during the 4th quarter. Renaissance Capital LLC now owns 82,190 shares of the company's stock worth $4,657,000 after buying an additional 39,831 shares during the period. True Vision MN LLC acquired a new stake in Birkenstock during the 4th quarter worth $502,000. Vontobel Holding Ltd. acquired a new stake in Birkenstock during the 4th quarter worth $461,000. Kessler Investment Group LLC acquired a new stake in Birkenstock during the 4th quarter worth $6,737,000. Finally, Principal Financial Group Inc. raised its stake in Birkenstock by 581.8% during the 4th quarter. Principal Financial Group Inc. now owns 542,798 shares of the company's stock worth $30,755,000 after buying an additional 463,191 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.