Brokerages Set Birkenstock Holding plc (NYSE:BIRK) PT at $66.06

Birkenstock Holding plc (NYSE:BIRK) has been given an average rating of “Moderate Buy” by the seventeen brokerages that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $66.06.

A number of research analysts recently weighed in on the stock. UBS Group increased their price objective on shares of Birkenstock from $68.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Piper Sandler cut their price objective on Birkenstock from $70.00 to $60.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. Stifel Nicolaus cut their price target on Birkenstock from $70.00 to $62.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $70.00 price objective on shares of Birkenstock in a report on Friday, May 9th.

Institutional Trading of Birkenstock

Institutional investors have recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. lifted its stake in shares of Birkenstock by 5.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,124,254 shares of the company’s stock worth $233,681,000 after acquiring an additional 194,622 shares during the last quarter. Bamco Inc. NY boosted its stake in shares of Birkenstock by 8.3% during the fourth quarter. Bamco Inc. NY now owns 3,359,351 shares of the company’s stock valued at $190,341,000 after purchasing an additional 256,844 shares in the last quarter. Norges Bank bought a new stake in Birkenstock during the 4th quarter valued at $131,786,000. Westfield Capital Management Co. LP bought a new stake in Birkenstock during the first quarter valued at about $72,108,000. Finally, Capital World Investors grew its position in shares of Birkenstock by 1.1% in the 4th quarter. Capital World Investors now owns 1,490,366 shares of the company’s stock worth $84,444,000 after buying an additional 16,466 shares during the last quarter. 19.93% of the stock is currently owned by institutional investors.

Birkenstock Stock Up 1.8%

Shares of NYSE:BIRK opened at $54.23 on Friday. The stock has a fifty day simple moving average of $47.63 and a two-hundred day simple moving average of $51.50. The company has a current ratio of 2.84, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $10.19 billion, a price-to-earnings ratio of 43.73, a PEG ratio of 1.02 and a beta of 1.56. Birkenstock has a 12-month low of $40.56 and a 12-month high of $64.78.

Birkenstock (NYSE:BIRK) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. Birkenstock had a net margin of 11.73% and a return on equity of 9.52%. The company had revenue of $385.88 million during the quarter, compared to analyst estimates of $355.80 million. On average, research analysts anticipate that Birkenstock will post 1.77 earnings per share 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.