Birkenstock Holding plc (NYSE:BIRK) Receives $67.19 Average PT from Analysts

Birkenstock Holding plc (NYSE:BIRK - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seventeen research firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $67.40.

A number of research analysts recently commented on BIRK shares. Bank of America boosted their price target on Birkenstock from $70.00 to $73.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Piper Sandler dropped their target price on shares of Birkenstock from $70.00 to $60.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Telsey Advisory Group restated an "outperform" rating and issued a $70.00 target price on shares of Birkenstock in a research report on Thursday, May 15th. Robert W. Baird boosted their price objective on shares of Birkenstock from $65.00 to $70.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Finally, Evercore ISI boosted their price objective on shares of Birkenstock from $65.00 to $70.00 and gave the company an "outperform" rating in a research report on Monday, May 19th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Renaissance Capital LLC increased its holdings in Birkenstock by 94.0% in the 4th quarter. Renaissance Capital LLC now owns 82,190 shares of the company's stock worth $4,657,000 after purchasing an additional 39,831 shares in the last quarter. True Vision MN LLC acquired a new position in shares of Birkenstock in the fourth quarter valued at approximately $502,000. Vontobel Holding Ltd. acquired a new position in shares of Birkenstock in the fourth quarter valued at approximately $461,000. Kessler Investment Group LLC acquired a new position in shares of Birkenstock in the fourth quarter valued at approximately $6,737,000. Finally, Principal Financial Group Inc. increased its stake in shares of Birkenstock by 581.8% in the fourth quarter. Principal Financial Group Inc. now owns 542,798 shares of the company's stock valued at $30,755,000 after buying an additional 463,191 shares during the period. 19.93% of the stock is currently owned by institutional investors and hedge funds.

Birkenstock Price Performance

Shares of NYSE BIRK traded down $0.47 during midday trading on Tuesday, reaching $54.78. The company's stock had a trading volume of 1,767,351 shares, compared to its average volume of 1,555,144. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 2.84. Birkenstock has a fifty-two week low of $40.56 and a fifty-two week high of $64.78. The business's 50 day moving average price is $51.02 and its two-hundred day moving average price is $52.53. The company has a market cap of $10.29 billion, a P/E ratio of 44.18, a P/E/G ratio of 1.02 and a beta of 1.48.

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

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.