Analysts Set Birkenstock Holding plc (NYSE:BIRK) Target Price at $49.15

Birkenstock Holding plc (NYSE:BIRK) has received a consensus rating of “Moderate Buy” from the nineteen research firms that are covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $49.15.

BIRK has been the subject of several analyst reports. Robert W. Baird boosted their price objective on Birkenstock from $54.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, March 1st. BMO Capital Markets upped their price objective on Birkenstock from $50.00 to $54.00 and gave the stock 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 target price for the company. in a report on Thursday, February 29th. Piper Sandler raised their price target 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 upped their price objective on shares of Birkenstock from $51.00 to $52.00 and gave the stock a “neutral” rating in a research report on Monday, March 4th.

Hedge Funds Weigh In On Birkenstock

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Birkenstock in the 4th quarter worth approximately $458,539,000. Norges Bank acquired a new stake in shares of Birkenstock in the fourth quarter valued at approximately $177,068,000. Capital World Investors purchased a new position in Birkenstock during the fourth quarter worth approximately $70,916,000. Federated Hermes Inc. acquired a new position in Birkenstock during the fourth quarter worth $27,152,000. Finally, Capstone Investment Advisors LLC grew its holdings in Birkenstock by 41.2% in the 1st quarter. Capstone Investment Advisors LLC now owns 109,392 shares of the company’s stock valued at $5,169,000 after buying an additional 31,917 shares in the last quarter. 19.93% of the stock is currently owned by institutional investors and hedge funds.

Birkenstock Stock Performance

Shares of BIRK opened at $44.80 on Monday. Birkenstock has a one year low of $35.83 and a one year high of $55.00. The stock has a 50-day moving average of $45.88 and a two-hundred day moving average of $45.70. The company has a quick ratio of 1.28, a current ratio of 2.85 and a debt-to-equity ratio of 0.80.

Birkenstock (NYSE:BIRK) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). The business had revenue of $303.00 million for the quarter, compared to analyst estimates of $289.09 million. The firm’s revenue was up 21.9% compared to the same quarter last year. On average, research 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.