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

Birkenstock Holding plc (NYSE:BIRK) has been assigned a consensus rating of “Moderate Buy” from the seventeen brokerages that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $67.19.

A number of research firms have recently weighed in on BIRK. BMO Capital Markets boosted their target price on Birkenstock from $70.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. Robert W. Baird boosted their target price on Birkenstock from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. Stifel Nicolaus boosted their price target on Birkenstock from $62.00 to $70.00 and gave the company a “buy” rating in a report on Friday, May 16th. BTIG Research upped their target price on Birkenstock from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Thursday, May 15th. Finally, UBS Group upped their target price on Birkenstock from $72.00 to $76.00 and gave the stock a “buy” rating in a report on Friday, May 16th.

Birkenstock Stock Performance

Shares of BIRK opened at $54.61 on Tuesday. The firm has a market cap of $10.26 billion, a PE ratio of 44.04, a PEG ratio of 1.02 and a beta of 1.56. The stock’s fifty day moving average price is $50.30 and its two-hundred day moving average price is $52.37. 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 has a 1 year low of $40.56 and a 1 year high of $64.78.

Birkenstock (NYSE:BIRK) last posted its quarterly earnings data on Thursday, May 15th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. Birkenstock had a return on equity of 9.52% and a net margin of 11.73%. The company had revenue of $623.54 million during the quarter, compared to analyst estimates of $567.84 million. During the same quarter last year, the company earned $0.38 earnings per share. The firm’s quarterly revenue was up 19.3% on a year-over-year basis. On average, equities research analysts forecast that Birkenstock will post 1.77 EPS for the current year.

Hedge Funds Weigh In On Birkenstock

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC increased its stake in shares of Birkenstock by 642.6% in the 4th quarter. Signaturefd LLC now owns 505 shares of the company’s stock worth $29,000 after purchasing an additional 437 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Birkenstock in the fourth quarter worth about $34,000. NewEdge Advisors LLC bought a new stake in shares of Birkenstock during the fourth quarter valued at approximately $45,000. Quarry LP raised its stake in shares of Birkenstock by 120.3% during the fourth quarter. Quarry LP now owns 1,097 shares of the company’s stock valued at $62,000 after acquiring an additional 599 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Birkenstock during the fourth quarter valued at approximately $76,000. 19.93% of the stock is owned by institutional investors.

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.