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

Shares of Birkenstock Holding plc (NYSE:BIRK) have been given an average rating of “Moderate Buy” by the nineteen research firms that are currently covering the company, 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 twelve-month price objective among brokers that have covered the stock in the last year is $49.15.

A number of brokerages have recently commented on BIRK. Piper Sandler boosted their price target on Birkenstock from $56.50 to $61.00 and gave the company an “overweight” rating in a report on Friday, March 1st. Robert W. Baird boosted their price target on Birkenstock from $54.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Stifel Nicolaus upped their target price on Birkenstock from $47.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, December 14th. Telsey Advisory Group lowered Birkenstock from an “outperform” rating to a “market perform” rating and set a $56.00 target price on the stock. in a report on Thursday, February 29th. Finally, BMO Capital Markets upped their target price on Birkenstock from $50.00 to $54.00 and gave the stock an “outperform” rating in a report on Friday, March 1st.

Institutional Investors Weigh In On Birkenstock

A number of large investors have recently added to or reduced their stakes in BIRK. Venturi Wealth Management LLC bought a new stake in Birkenstock during the fourth quarter worth $83,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Birkenstock during the fourth quarter worth $1,886,000. Federated Hermes Inc. bought a new position in shares of Birkenstock in the 4th quarter valued at $27,152,000. New York State Common Retirement Fund bought a new position in shares of Birkenstock in the 4th quarter valued at $1,067,000. Finally, Amalgamated Bank bought a new position in shares of Birkenstock in the 4th quarter valued at $233,000. Institutional investors and hedge funds own 19.93% of the company’s stock.

Birkenstock Stock Performance

NYSE:BIRK opened at $44.04 on Thursday. Birkenstock has a 12-month low of $35.83 and a 12-month high of $55.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.28 and a current ratio of 2.85. The business has a fifty day moving average of $47.70.

Birkenstock (NYSE:BIRK) last posted 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 business had revenue of $303.00 million during the quarter, compared to analysts’ expectations of $289.09 million. The firm’s revenue was up 21.9% compared to the same quarter last year. On average, equities analysts anticipate that Birkenstock will post 1.28 EPS 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.