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

Shares of Birkenstock Holding plc (NYSE:BIRK) have received an average recommendation of “Moderate Buy” from the seventeen analysts that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $68.31.

Several analysts recently weighed in on BIRK shares. Piper Sandler started coverage on Birkenstock in a report on Tuesday, December 10th. They issued an “overweight” rating and a $65.00 price objective for the company. BMO Capital Markets upped their target price on Birkenstock from $60.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Hsbc Global Res raised Birkenstock to a “strong-buy” rating in a report on Tuesday, December 3rd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $70.00 target price on shares of Birkenstock in a report on Thursday, February 20th. Finally, UBS Group upped their target price on Birkenstock from $83.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, December 19th.

Birkenstock Trading Up 5.5 %

NYSE:BIRK opened at $46.08 on Thursday. 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 has a one year low of $41.00 and a one year high of $64.78. The business’s 50-day simple moving average is $53.54 and its 200 day simple moving average is $51.62. The stock has a market cap of $8.66 billion, a price-to-earnings ratio of 37.16, a price-to-earnings-growth ratio of 1.02 and a beta of 1.90.

Birkenstock (NYSE:BIRK) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. The firm had revenue of $385.88 million during the quarter, compared to analyst estimates of $355.80 million. Birkenstock had a return on equity of 9.52% and a net margin of 11.73%. As a group, sell-side analysts predict that Birkenstock will post 1.77 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Birkenstock

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Birkenstock by 170.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 72,538 shares of the company’s stock worth $4,110,000 after purchasing an additional 45,700 shares during the period. Woodline Partners LP lifted its position in Birkenstock by 129.7% in the fourth quarter. Woodline Partners LP now owns 191,219 shares of the company’s stock worth $10,834,000 after purchasing an additional 107,981 shares during the period. Tairen Capital Ltd acquired a new stake in Birkenstock in the fourth quarter worth approximately $1,133,000. ThornTree Capital Partners LP acquired a new stake in Birkenstock in the fourth quarter worth approximately $19,506,000. Finally, Shellback Capital LP lifted its position in Birkenstock by 26.1% in the fourth quarter. Shellback Capital LP now owns 120,700 shares of the company’s stock worth $6,839,000 after purchasing an additional 25,000 shares during the period. 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.