UBS Group Forecasts Strong Price Appreciation for Birkenstock (NYSE:BIRK) Stock

Birkenstock (NYSE:BIRK - Free Report) had its target price increased by UBS Group from $68.00 to $72.00 in a research note issued to investors on Monday morning, MarketBeat reports. They currently have a buy rating on the stock.

A number of other research analysts have also recently issued reports on the company. Stifel Nicolaus decreased their target price on Birkenstock from $70.00 to $62.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Piper Sandler decreased their target price 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, Telsey Advisory Group reiterated an "outperform" rating and issued a $70.00 price objective on shares of Birkenstock in a report on Thursday, February 20th. Two investment 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 stock. Based on data from MarketBeat, Birkenstock has an average rating of "Moderate Buy" and a consensus target price of $66.06.

Birkenstock Stock Performance

NYSE:BIRK traded down $0.14 during trading hours on Monday, reaching $52.33. The company had a trading volume of 182,647 shares, compared to its average volume of 1,406,044. Birkenstock has a 1-year low of $40.56 and a 1-year high of $64.78. The firm has a market cap of $9.83 billion, a PE ratio of 42.20, a price-to-earnings-growth ratio of 1.02 and a beta of 1.56. The business's 50 day moving average price is $47.26 and its 200-day moving average price is $51.42. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.84 and a quick ratio of 1.08.

Birkenstock (NYSE:BIRK - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.03. Birkenstock had a return on equity of 9.52% and a net margin of 11.73%. The firm had revenue of $385.88 million during the quarter, compared to the consensus estimate of $355.80 million. Research analysts forecast that Birkenstock will post 1.77 EPS for the current year.

Institutional Trading of Birkenstock

Institutional investors and hedge funds have recently bought and sold shares of the stock. Signaturefd LLC increased its holdings in Birkenstock by 642.6% in the 4th quarter. Signaturefd LLC now owns 505 shares of the company's stock worth $29,000 after buying an additional 437 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Birkenstock in the fourth quarter valued at $34,000. NewEdge Advisors LLC acquired a new position in Birkenstock in the 4th quarter valued at $45,000. Quarry LP grew its holdings in Birkenstock by 120.3% during the fourth quarter. Quarry LP now owns 1,097 shares of the company's stock worth $62,000 after acquiring an additional 599 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Birkenstock by 112.0% in the fourth quarter. JPMorgan Chase & Co. now owns 1,338 shares of the company's stock valued at $76,000 after buying an additional 707 shares in the last quarter. 19.93% of the stock is currently owned by hedge funds and other institutional investors.

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.