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

Birkenstock Holding plc (NYSE:BIRK) has earned an average rating of “Moderate Buy” from the nineteen research firms that are currently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $49.15.

A number of equities analysts have recently commented on the stock. BMO Capital Markets raised their price objective on shares of Birkenstock from $50.00 to $54.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. UBS Group increased their target price 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. Robert W. Baird increased their target price on shares of Birkenstock from $54.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Telsey Advisory Group reiterated an “outperform” rating and set a $56.00 target price on shares of Birkenstock in a research report on Thursday. Finally, Piper Sandler increased their target price on shares of Birkenstock from $56.50 to $61.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st.

Birkenstock Price Performance

NYSE:BIRK opened at $55.88 on Friday. The company has a 50-day moving average of $45.63 and a 200-day moving average of $46.65. Birkenstock has a 52 week low of $35.83 and a 52 week high of $57.65. 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 released its quarterly earnings data on Thursday, February 29th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The firm had revenue of $303.00 million for 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, research analysts forecast that Birkenstock will post 1.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Banque Cantonale Vaudoise bought a new position in shares of Birkenstock in the 1st quarter valued at about $40,000. Tower Research Capital LLC TRC bought a new position in shares of Birkenstock in the 4th quarter valued at about $77,000. Venturi Wealth Management LLC bought a new position in shares of Birkenstock in the 4th quarter valued at about $83,000. CWM LLC boosted its stake in shares of Birkenstock by 358.2% in the 1st quarter. CWM LLC now owns 2,181 shares of the company’s stock valued at $103,000 after purchasing an additional 1,705 shares during the last quarter. Finally, Connable Office Inc. bought a new position in shares of Birkenstock in the 4th quarter valued at about $216,000. 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.