Analysts Set Birkenstock Holding plc (NYSE:BIRK) Target Price at $66.06

Birkenstock Holding plc (NYSE:BIRK) has earned a consensus recommendation of “Moderate Buy” from the seventeen research firms that are currently covering the firm, 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 price target among analysts that have issued ratings on the stock in the last year is $66.19.

A number of equities analysts recently commented on the stock. Stifel Nicolaus dropped their price target on shares of Birkenstock from $70.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. BTIG Research lifted their price target on shares of Birkenstock from $70.00 to $72.00 and gave the stock a “buy” rating in a research note on Thursday. Piper Sandler dropped their price target on shares of Birkenstock from $70.00 to $60.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. Telsey Advisory Group restated an “outperform” rating and issued a $70.00 target price on shares of Birkenstock in a research note on Thursday. Finally, UBS Group upped their target price on shares of Birkenstock from $68.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, May 5th.

Institutional Investors Weigh In On Birkenstock

Several hedge funds have recently modified their holdings of BIRK. Signaturefd LLC lifted its position 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 during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Birkenstock in the 4th quarter worth approximately $34,000. NewEdge Advisors LLC purchased a new stake in shares of Birkenstock in the 4th quarter worth approximately $45,000. Quarry LP lifted its position in shares of Birkenstock by 120.3% in the 4th quarter. Quarry LP now owns 1,097 shares of the company’s stock worth $62,000 after purchasing an additional 599 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in shares of Birkenstock in the 4th quarter worth approximately $76,000. Hedge funds and other institutional investors own 19.93% of the company’s stock.

Birkenstock Price Performance

BIRK stock opened at $57.72 on Friday. Birkenstock has a 12 month low of $40.56 and a 12 month high of $64.78. The company has a current ratio of 2.84, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average price of $48.09 and a 200 day moving average price of $51.58. The stock has a market cap of $10.84 billion, a PE ratio of 46.55, a P/E/G ratio of 1.02 and a beta of 1.56.

Birkenstock (NYSE:BIRK) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. Birkenstock had a net margin of 11.73% and a return on equity of 9.52%. The firm had revenue of $385.88 million during the quarter, compared to analysts’ expectations of $355.80 million. Equities research analysts anticipate that Birkenstock will post 1.77 earnings per share for the current year.

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.