Birkenstock (NYSE:BIRK) Price Target Raised to $95.00

Birkenstock (NYSE:BIRK) had its price objective upped by UBS Group from $83.00 to $95.00 in a research note published on Thursday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also recently commented on the company. Telsey Advisory Group reissued an “outperform” rating and issued a $70.00 target price on shares of Birkenstock in a research note on Thursday. BMO Capital Markets lifted their target price on shares of Birkenstock from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday. Robert W. Baird increased their price target on shares of Birkenstock from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday. Stifel Nicolaus raised their price target on shares of Birkenstock from $63.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Finally, BTIG Research upped their price objective on Birkenstock from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $68.31.

Birkenstock Stock Performance

Shares of BIRK opened at $60.40 on Thursday. The company has a quick ratio of 1.49, a current ratio of 2.91 and a debt-to-equity ratio of 0.55. The stock has a market cap of $11.34 billion, a P/E ratio of 99.02, a P/E/G ratio of 1.19 and a beta of 2.22. The business’s 50 day moving average price is $50.18 and its 200-day moving average price is $53.10. Birkenstock has a 52 week low of $41.00 and a 52 week high of $64.78.

Hedge Funds Weigh In On Birkenstock

Institutional investors have recently made changes to their positions in the business. Quarry LP bought a new position in Birkenstock in the third quarter worth approximately $25,000. MetLife Investment Management LLC increased its stake in shares of Birkenstock by 52.2% in the 3rd quarter. MetLife Investment Management LLC now owns 688 shares of the company’s stock worth $34,000 after purchasing an additional 236 shares in the last quarter. GAMMA Investing LLC raised its holdings in Birkenstock by 33.7% in the 3rd quarter. GAMMA Investing LLC now owns 893 shares of the company’s stock worth $44,000 after purchasing an additional 225 shares during the period. Amalgamated Bank grew its holdings in Birkenstock by 51.8% during the third quarter. Amalgamated Bank now owns 2,071 shares of the company’s stock valued at $102,000 after purchasing an additional 707 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in Birkenstock in the second quarter worth about $136,000. 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.