Stifel Nicolaus Has Lowered Expectations for Birkenstock (NYSE:BIRK) Stock Price

Birkenstock (NYSE:BIRK) had its price objective decreased by investment analysts at Stifel Nicolaus from $70.00 to $62.00 in a research report issued on Thursday, MarketBeat reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 29.00% from the company’s current price.

Other equities analysts also recently issued research reports about the company. BMO Capital Markets lifted their price target on Birkenstock from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Robert W. Baird lifted their target price on Birkenstock from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Telsey Advisory Group reissued an “outperform” rating and issued a $70.00 price target on shares of Birkenstock in a research report on Thursday, February 20th. 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 report on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Birkenstock from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Two 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.50.

Birkenstock Price Performance

Shares of BIRK opened at $48.06 on Thursday. The business’s fifty day moving average is $48.71 and its 200 day moving average is $51.38. Birkenstock has a 12-month low of $40.56 and a 12-month high of $64.78. The company has a quick ratio of 1.08, a current ratio of 2.84 and a debt-to-equity ratio of 0.48. The stock has a market cap of $9.03 billion, a P/E ratio of 38.76, a P/E/G ratio of 1.02 and a beta of 1.71.

Birkenstock (NYSE:BIRK) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The firm had revenue of $385.88 million for the quarter, compared to analyst estimates of $355.80 million. Birkenstock had a net margin of 11.73% and a return on equity of 9.52%. Sell-side analysts anticipate that Birkenstock will post 1.77 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Birkenstock

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP bought a new stake in shares of Birkenstock in the third quarter valued at approximately $25,000. Signaturefd LLC grew its stake in Birkenstock by 642.6% in the 4th quarter. Signaturefd LLC now owns 505 shares of the company’s stock valued at $29,000 after buying an additional 437 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Birkenstock during the 4th quarter valued at $34,000. NewEdge Advisors LLC purchased a new stake in shares of Birkenstock during the fourth quarter worth $45,000. Finally, Headlands Technologies LLC bought a new position in shares of Birkenstock in the fourth quarter worth $76,000. 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.