Birkenstock Holding PLC (NYSE:BIRK) Receives Average Recommendation of "Buy" from Analysts

Key Points

• Birkenstock Holding PLC has received an average rating of "Buy" from 16 analysts, with a 1-year target price of $68.38.
• Recent upgrades include UBS Group's price objective of $77.00 and Goldman Sachs' upgrade from "neutral" to "buy" with a target price of $60.00.
• Birkenstock's latest earnings report showed a 12.4% year-over-year revenue increase, with earnings per share at $0.70, surpassing estimates.

Shares of Birkenstock Holding PLC (NYSE:BIRK - Get Free Report) have been given an average rating of "Buy" by the sixteen ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has 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 1-year target price among brokerages that have issued a report on the stock in the last year is $68.3846.

Several research analysts recently weighed in on the company. UBS Group set a $77.00 price objective on Birkenstock and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $70.00 price target on shares of Birkenstock in a research note on Friday, September 26th. The Goldman Sachs Group upgraded Birkenstock from a "neutral" rating to a "buy" rating and set a $60.00 price target for the company in a report on Thursday, July 24th. Weiss Ratings reissued a "hold (c)" rating on shares of Birkenstock in a research report on Saturday, September 27th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Birkenstock from $81.00 to $66.00 and set an "overweight" rating on the stock in a research report on Friday, September 19th.

Hedge Funds Weigh In On Birkenstock

A number of hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in Birkenstock by 3,914.1% during the first quarter. GAMMA Investing LLC now owns 30,949 shares of the company's stock worth $1,419,000 after purchasing an additional 30,178 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Birkenstock by 5.9% in the first quarter. Rhumbline Advisers now owns 31,957 shares of the company's stock valued at $1,465,000 after buying an additional 1,776 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of Birkenstock in the 1st quarter valued at $4,291,000. Handelsbanken Fonder AB raised its holdings in shares of Birkenstock by 118.8% in the 1st quarter. Handelsbanken Fonder AB now owns 15,100 shares of the company's stock valued at $692,000 after buying an additional 8,200 shares during the period. Finally, Shikiar Asset Management Inc. acquired a new position in Birkenstock during the 1st quarter worth about $883,000. Hedge funds and other institutional investors own 19.93% of the company's stock.

Birkenstock Price Performance

Birkenstock stock opened at $46.00 on Monday. The company has a current ratio of 2.78, a quick ratio of 1.29 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $48.78 and a 200 day moving average price of $49.85. Birkenstock has a 12-month low of $40.56 and a 12-month high of $62.66. The stock has a market cap of $8.64 billion, a P/E ratio of 25.55, a PEG ratio of 0.87 and a beta of 1.22.

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, beating the consensus estimate of $0.67 by $0.03. The company had revenue of $749.13 million for the quarter, compared to analyst estimates of $641.18 million. Birkenstock had a net margin of 15.21% and a return on equity of 11.52%. Birkenstock's revenue was up 12.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.40 EPS. Birkenstock has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Birkenstock will post 1.77 earnings per share for the current year.

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.

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