Analysts Set Birkenstock Holding plc (NYSE:BIRK) PT at $66.06

Birkenstock Holding plc (NYSE:BIRK - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the seventeen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $66.06.

BIRK has been the subject of a number of recent analyst reports. Telsey Advisory Group reiterated an "outperform" rating and set a $70.00 price target on shares of Birkenstock in a report on Friday, May 9th. UBS Group raised their price objective on shares of Birkenstock from $68.00 to $72.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Piper Sandler dropped their target price on shares of Birkenstock from $70.00 to $60.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Finally, Stifel Nicolaus reduced their price target on shares of Birkenstock from $70.00 to $62.00 and set a "buy" rating for the company in a report on Thursday, April 10th.

Birkenstock Trading Up 1.8%

Shares of NYSE BIRK traded up $0.95 during trading on Friday, reaching $55.03. The company had a trading volume of 876,082 shares, compared to its average volume of 1,429,935. The stock has a market cap of $10.34 billion, a P/E ratio of 44.43, a PEG ratio of 1.02 and a beta of 1.56. The company's fifty day moving average price is $47.63 and its 200-day moving average price is $51.50. The company has a quick ratio of 1.08, a current ratio of 2.84 and a debt-to-equity ratio of 0.48. Birkenstock has a 12 month low of $40.56 and a 12 month high of $64.78.

Birkenstock (NYSE:BIRK - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.03. Birkenstock had a net margin of 11.73% and a return on equity of 9.52%. The business had revenue of $385.88 million during the quarter, compared to the consensus estimate of $355.80 million. As a group, research analysts expect that Birkenstock will post 1.77 earnings per share for the current year.

Hedge Funds Weigh In On Birkenstock

Several institutional investors have recently added to or reduced their stakes in BIRK. T. Rowe Price Investment Management Inc. raised its holdings in shares of Birkenstock by 25.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 5,167,145 shares of the company's stock worth $236,914,000 after purchasing an additional 1,042,891 shares during the period. Bamco Inc. NY raised its stake in shares of Birkenstock by 8.3% in the fourth quarter. Bamco Inc. NY now owns 3,359,351 shares of the company's stock valued at $190,341,000 after buying an additional 256,844 shares during the period. Norges Bank purchased a new position in shares of Birkenstock during the 4th quarter valued at $131,786,000. Westfield Capital Management Co. LP bought a new position in shares of Birkenstock during the 1st quarter worth $72,108,000. Finally, Capital World Investors raised its stake in Birkenstock by 1.1% in the 4th quarter. Capital World Investors now owns 1,490,366 shares of the company's stock valued at $84,444,000 after acquiring an additional 16,466 shares during the period. Institutional investors 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.