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

Shares of Birkenstock Holding plc (NYSE:BIRK) have been given an average rating of “Moderate Buy” by the nineteen ratings firms that are presently covering the company, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $49.15.

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

Birkenstock Price Performance

NYSE BIRK opened at $45.45 on Monday. The stock has a fifty day simple moving average of $46.49 and a 200 day simple moving average of $45.46. Birkenstock has a twelve month low of $35.83 and a twelve 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.

Birkenstock (NYSE:BIRK) last issued its quarterly earnings data 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 firm had revenue of $303.00 million during the quarter, compared to the consensus estimate of $289.09 million. The firm’s quarterly revenue was up 21.9% compared to the same quarter last year. As a group, analysts predict that Birkenstock will post 1.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Birkenstock

Several hedge funds and other institutional investors have recently modified their holdings of BIRK. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Birkenstock during the fourth quarter valued at approximately $458,539,000. Norges Bank purchased a new stake in Birkenstock during the fourth quarter valued at about $177,068,000. Capital World Investors bought a new position in shares of Birkenstock during the fourth quarter valued at about $70,916,000. Federated Hermes Inc. purchased a new position in shares of Birkenstock in the fourth quarter worth about $27,152,000. Finally, Ghisallo Capital Management LLC bought a new stake in shares of Birkenstock in the 4th quarter valued at about $4,873,000. 19.93% of the stock is currently 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.