Birkenstock (BIRK) Projected to Post Earnings on Thursday

Birkenstock (NYSE:BIRK) will likely be releasing its earnings data before the market opens on Thursday, February 20th. Analysts expect Birkenstock to post earnings of $0.16 per share and revenue of $355.80 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Birkenstock Trading Down 0.7 %

NYSE:BIRK opened at $54.89 on Wednesday. The firm has a market capitalization of $10.31 billion, a P/E ratio of 50.82, a PEG ratio of 1.13 and a beta of 1.61. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.60 and a quick ratio of 1.20. Birkenstock has a one year low of $41.00 and a one year high of $64.78. The company’s 50-day simple moving average is $57.58 and its 200 day simple moving average is $53.25.

Analysts Set New Price Targets

A number of brokerages have recently commented on BIRK. BTIG Research boosted their price target on Birkenstock from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Telsey Advisory Group reissued an “outperform” rating and issued a $70.00 target price on shares of Birkenstock in a research note on Thursday, February 13th. Hsbc Global Res raised Birkenstock to a “strong-buy” rating in a research report on Tuesday, December 3rd. UBS Group increased their price objective on shares of Birkenstock from $83.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, HSBC raised shares of Birkenstock from a “hold” rating to a “buy” rating and lifted their target price for the stock from $58.00 to $60.00 in a report on Tuesday, December 3rd. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.31.

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.