Birkenstock (NYSE:BIRK) Receives Outperform Rating from William Blair

William Blair reissued their outperform rating on shares of Birkenstock (NYSE:BIRK - Free Report) in a research report sent to investors on Tuesday morning,RTT News reports.

Other research analysts have also issued research reports about the company. Robert W. Baird raised their price objective on Birkenstock from $65.00 to $70.00 and gave the company an "outperform" rating in a report on Friday, May 16th. BTIG Research increased their target price on shares of Birkenstock from $70.00 to $72.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Stifel Nicolaus raised their price target on shares of Birkenstock from $62.00 to $70.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Bank of America upped their price objective on shares of Birkenstock from $70.00 to $73.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Finally, Evercore ISI increased their price objective on shares of Birkenstock from $65.00 to $70.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $67.40.

Birkenstock Price Performance

Shares of BIRK traded down $0.47 during mid-day trading on Tuesday, hitting $54.78. 1,767,351 shares of the company were exchanged, compared to its average volume of 1,555,144. The stock has a market cap of $10.29 billion, a price-to-earnings ratio of 44.18, a price-to-earnings-growth ratio of 1.02 and a beta of 1.48. Birkenstock has a 1-year low of $40.56 and a 1-year high of $64.78. The company has a 50 day moving average of $51.02 and a 200-day moving average of $52.53. 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 (NYSE:BIRK - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. The business 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 business's revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.38 earnings per share. Analysts expect that Birkenstock will post 1.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. raised its position in Birkenstock by 25.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 5,167,145 shares of the company's stock valued at $236,914,000 after purchasing an additional 1,042,891 shares during the period. Bamco Inc. NY grew its holdings in shares of Birkenstock by 8.3% during the 4th quarter. Bamco Inc. NY now owns 3,359,351 shares of the company's stock worth $190,341,000 after purchasing an additional 256,844 shares during the period. Norges Bank acquired a new stake in shares of Birkenstock during the 4th quarter worth about $131,786,000. Westfield Capital Management Co. LP purchased a new stake in Birkenstock in the 1st quarter valued at about $72,108,000. Finally, Capital World Investors raised its holdings 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 buying an additional 16,466 shares during the period. 19.93% of the stock is currently owned by institutional investors and hedge funds.

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.