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

Shares of Birkenstock Holding plc (NYSE:BIRK) have received a consensus rating of “Moderate Buy” from the nineteen ratings firms that are covering the firm, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $49.15.

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

Institutional Trading of Birkenstock

Institutional investors have recently added to or reduced their stakes in the business. Banque Cantonale Vaudoise acquired a new stake in Birkenstock in the first quarter valued at approximately $40,000. Tower Research Capital LLC TRC acquired a new stake in Birkenstock in the fourth quarter valued at approximately $77,000. Venturi Wealth Management LLC acquired a new stake in shares of Birkenstock in the fourth quarter worth $83,000. CWM LLC lifted its stake in shares of Birkenstock by 358.2% in the first quarter. CWM LLC now owns 2,181 shares of the company’s stock worth $103,000 after buying an additional 1,705 shares during the last quarter. Finally, Connable Office Inc. acquired a new stake in shares of Birkenstock in the fourth quarter worth $216,000. 19.93% of the stock is currently owned by institutional investors and hedge funds.

Birkenstock Trading Up 0.4 %

Shares of BIRK stock opened at $44.80 on Monday. The company has a current ratio of 2.85, a quick ratio of 1.28 and a debt-to-equity ratio of 0.80. Birkenstock has a 1 year low of $35.83 and a 1 year high of $55.00. The stock has a fifty day moving average of $45.88 and a two-hundred day moving average of $45.70.

Birkenstock (NYSE:BIRK) last announced 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 company had revenue of $303.00 million for the quarter, compared to analysts’ expectations of $289.09 million. Birkenstock’s revenue for the quarter was up 21.9% on a year-over-year basis. Equities analysts forecast that Birkenstock will post 1.29 earnings per share for the current fiscal year.

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.