UBS Group Increases Birkenstock (NYSE:BIRK) Price Target to $95.00

Birkenstock (NYSE:BIRK) had its price target increased by equities researchers at UBS Group from $83.00 to $95.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price objective suggests a potential upside of 66.20% from the stock’s current price.

BIRK has been the topic of a number of other research reports. Piper Sandler initiated coverage on Birkenstock in a research report on Tuesday, December 10th. They issued an “overweight” rating and a $65.00 price target on the stock. Evercore ISI reissued an “outperform” rating and set a $77.00 target price (up previously from $63.00) on shares of Birkenstock in a research report on Monday, August 26th. Hsbc Global Res upgraded shares of Birkenstock to a “strong-buy” rating in a research report on Tuesday, December 3rd. BMO Capital Markets upped their price objective on shares of Birkenstock from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, BTIG Research lifted their target price on shares of Birkenstock from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Birkenstock currently has a consensus rating of “Moderate Buy” and an average target price of $68.31.

Birkenstock Trading Up 2.0 %

Shares of NYSE BIRK opened at $57.16 on Thursday. The stock has a market cap of $10.74 billion, a P/E ratio of 93.70, a price-to-earnings-growth ratio of 1.19 and a beta of 2.22. The firm has a 50 day moving average price of $49.81 and a two-hundred day moving average price of $53.05. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.49 and a current ratio of 2.91. Birkenstock has a 52-week low of $41.00 and a 52-week high of $64.78.

Institutional Trading of Birkenstock

Several hedge funds and other institutional investors have recently bought and sold shares of BIRK. Quarry LP bought a new stake in shares of Birkenstock in the 3rd quarter valued at about $25,000. MetLife Investment Management LLC boosted its stake in shares of Birkenstock by 52.2% during the third quarter. MetLife Investment Management LLC now owns 688 shares of the company’s stock valued at $34,000 after purchasing an additional 236 shares during the period. GAMMA Investing LLC increased its stake in shares of Birkenstock by 33.7% in the third quarter. GAMMA Investing LLC now owns 893 shares of the company’s stock worth $44,000 after buying an additional 225 shares during the period. Amalgamated Bank raised its holdings in Birkenstock by 51.8% during the 3rd quarter. Amalgamated Bank now owns 2,071 shares of the company’s stock valued at $102,000 after buying an additional 707 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Birkenstock in the 2nd quarter worth $136,000. Hedge funds and other institutional investors own 19.93% of the company’s stock.

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.