Birkenstock Holding plc (NYSE:BIRK) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Birkenstock Holding plc (NYSE:BIRK) have been given an average recommendation of “Moderate Buy” by the nineteen research firms that are covering the stock, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $49.15.

A number of research analysts have recently issued reports on the stock. Telsey Advisory Group lowered shares of Birkenstock from an “outperform” rating to a “market perform” rating and set a $56.00 price target on the stock. in a research note on Thursday, February 29th. BMO Capital Markets increased their target price on Birkenstock from $50.00 to $54.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. UBS Group lifted their price target on Birkenstock from $51.00 to $52.00 and gave the company a “neutral” rating in a research note on Monday, March 4th. Piper Sandler increased their price objective on Birkenstock from $56.50 to $61.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. Finally, Robert W. Baird raised their target price on Birkenstock from $54.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, March 1st.

Birkenstock Trading Up 1.4 %

Shares of BIRK stock opened at $45.45 on Monday. Birkenstock has a 52-week low of $35.83 and a 52-week high of $55.00. The stock’s 50-day moving average price is $46.49 and its 200 day moving average price is $45.46. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.28 and a current ratio of 2.85.

Birkenstock (NYSE:BIRK) last released its earnings results on Thursday, February 29th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The firm had revenue of $303.00 million during the quarter, compared to analyst estimates of $289.09 million. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. Analysts predict that Birkenstock will post 1.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Birkenstock

Institutional investors and hedge funds have recently bought and sold shares of the stock. Banque Cantonale Vaudoise acquired a new position in shares of Birkenstock in the first quarter valued at approximately $40,000. Tower Research Capital LLC TRC acquired a new stake in shares of Birkenstock during the fourth quarter worth $77,000. Venturi Wealth Management LLC purchased a new stake in shares of Birkenstock in the fourth quarter valued at $83,000. CWM LLC increased its stake in Birkenstock by 358.2% in the first quarter. CWM LLC now owns 2,181 shares of the company’s stock valued at $103,000 after purchasing an additional 1,705 shares during the last quarter. Finally, Connable Office Inc. acquired a new stake in Birkenstock in the 4th quarter worth about $216,000. 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.