Birkenstock's (BIRK) "Outperform" Rating Reiterated at William Blair

William Blair restated their outperform rating on shares of Birkenstock (NYSE:BIRK - Free Report) in a research report released on Tuesday,RTT News reports.

Other analysts have also recently issued research reports about the company. UBS Group raised their price objective on Birkenstock from $72.00 to $76.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $70.00 price target on shares of Birkenstock in a research report on Thursday, May 15th. BTIG Research lifted their price target on Birkenstock from $70.00 to $72.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Robert W. Baird lifted their price target on Birkenstock from $65.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Finally, BMO Capital Markets lifted their price target on Birkenstock from $70.00 to $75.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Birkenstock has an average rating of "Moderate Buy" and an average price target of $67.40.

Birkenstock Trading Up 1.3%

BIRK traded up $0.70 during trading on Tuesday, hitting $55.90. 1,910,405 shares of the stock were exchanged, compared to its average volume of 1,547,262. The firm has a 50 day simple moving average of $50.46 and a 200 day simple moving average of $52.39. The firm has a market cap of $10.50 billion, a price-to-earnings ratio of 45.08, a P/E/G ratio of 1.02 and a beta of 1.56. Birkenstock has a 1 year low of $40.56 and a 1 year high of $64.78. 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 released its quarterly earnings data on Thursday, May 15th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. The company had revenue of $623.54 million for the quarter, compared to the consensus estimate of $567.84 million. Birkenstock had a return on equity of 9.52% and a net margin of 11.73%. Birkenstock's quarterly revenue was up 19.3% on a year-over-year basis. During the same period last year, the business posted $0.38 EPS. As a group, equities analysts expect that Birkenstock will post 1.77 EPS for the current year.

Hedge Funds Weigh In On Birkenstock

Several institutional investors and hedge funds have recently modified their holdings of the business. Rhumbline Advisers increased its stake in shares of Birkenstock by 5.9% in the 1st quarter. Rhumbline Advisers now owns 31,957 shares of the company's stock valued at $1,465,000 after purchasing an additional 1,776 shares in the last quarter. Strs Ohio purchased a new position in shares of Birkenstock in the 1st quarter valued at about $1,134,000. Woodline Partners LP increased its stake in shares of Birkenstock by 100.6% in the 1st quarter. Woodline Partners LP now owns 383,570 shares of the company's stock valued at $17,587,000 after purchasing an additional 192,351 shares in the last quarter. Arete Wealth Advisors LLC purchased a new position in shares of Birkenstock in the 1st quarter valued at about $466,000. Finally, Goldman Sachs Group Inc. increased its stake in shares of Birkenstock by 27.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,074,283 shares of the company's stock valued at $49,256,000 after purchasing an additional 233,672 shares in the last quarter. Hedge funds and other institutional investors own 19.93% of the company's stock.

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.