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

Key Points

• Birkenstock Holding PLC has received a consensus rating of "Buy" from fourteen analysts, with an average one-year price target of $68.58.
• Institutional investors have shown increased interest, with notable stakes raised by firms such as Balyasny Asset Management and Holocene Advisors, highlighting a growing confidence in the company.
• In its latest quarterly earnings, Birkenstock reported earnings per share of $0.70, exceeding estimates, and achieving a revenue of $749.13 million, which is up 12.4% compared to the prior year.

Birkenstock Holding PLC (NYSE:BIRK - Get Free Report) has earned a consensus rating of "Buy" from the fourteen analysts that are presently covering the company, MarketBeat Ratings reports. Thirteen research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $68.5833.

Several equities analysts have issued reports on the stock. William Blair restated an "outperform" rating on shares of Birkenstock in a research note on Tuesday, June 3rd. Telsey Advisory Group reissued an "outperform" rating and issued a $70.00 target price on shares of Birkenstock in a report on Thursday, August 14th. Evercore ISI raised their price target on Birkenstock from $65.00 to $70.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. The Goldman Sachs Group raised Birkenstock from a "neutral" rating to a "buy" rating and set a $60.00 price target on the stock in a research report on Thursday, July 24th. Finally, UBS Group set a $77.00 price objective on Birkenstock and gave the company a "buy" rating in a research note on Tuesday, August 5th.

Birkenstock Stock Down 1.1%

NYSE BIRK traded down $0.49 on Thursday, hitting $45.60. 3,333,016 shares of the stock were exchanged, compared to its average volume of 1,502,158. The company has a market cap of $8.57 billion, a PE ratio of 25.33, a PEG ratio of 1.03 and a beta of 1.31. The company has a 50-day moving average price of $49.67 and a 200-day moving average price of $49.79. The company has a quick ratio of 1.29, a current ratio of 2.78 and a debt-to-equity ratio of 0.50. Birkenstock has a fifty-two week low of $40.56 and a fifty-two week high of $62.66.

Birkenstock (NYSE:BIRK - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.03. The firm had revenue of $749.13 million during the quarter, compared to analysts' expectations of $641.18 million. Birkenstock had a return on equity of 11.52% and a net margin of 15.21%.The firm's revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.40 earnings per share. Birkenstock has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Birkenstock will post 1.77 EPS for the current fiscal year.

Institutional Trading of Birkenstock

A number of large investors have recently bought and sold shares of BIRK. Signaturefd LLC increased its stake in Birkenstock by 66.5% in the first quarter. Signaturefd LLC now owns 841 shares of the company's stock valued at $39,000 after purchasing an additional 336 shares during the period. GAMMA Investing LLC grew its holdings in shares of Birkenstock by 34.5% during the second quarter. GAMMA Investing LLC now owns 908 shares of the company's stock worth $45,000 after buying an additional 233 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of Birkenstock by 61.0% during the first quarter. NewEdge Advisors LLC now owns 1,288 shares of the company's stock worth $59,000 after buying an additional 488 shares during the last quarter. Smartleaf Asset Management LLC acquired a new position in Birkenstock in the 2nd quarter valued at about $74,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in Birkenstock by 3,131.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 2,068 shares of the company's stock valued at $102,000 after acquiring an additional 2,004 shares during the last quarter. 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.