Birkenstock Holding PLC (NYSE:BIRK) Given Average Recommendation of “Buy” by Analysts

Shares of Birkenstock Holding PLC (NYSE:BIRK) have been given a consensus recommendation of “Buy” by the fourteen research firms that are presently covering the firm, MarketBeat reports. Thirteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $68.5833.

BIRK has been the subject of several recent analyst reports. The Goldman Sachs Group raised shares of Birkenstock from a “neutral” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Thursday, July 24th. Evercore ISI lifted their target price on shares of Birkenstock from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, May 19th. William Blair reaffirmed an “outperform” rating on shares of Birkenstock in a research note on Tuesday, June 3rd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $70.00 target price on shares of Birkenstock in a research note on Thursday, August 14th. Finally, UBS Group set a $77.00 target price on shares of Birkenstock and gave the stock a “buy” rating in a research note on Tuesday, August 5th.

Institutional Trading of Birkenstock

Several institutional investors have recently made changes to their positions in BIRK. Dimensional Fund Advisors LP grew its stake in shares of Birkenstock by 140.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 27,305 shares of the company’s stock valued at $1,547,000 after buying an additional 15,961 shares during the period. Northern Trust Corp grew its stake in shares of Birkenstock by 11.1% during the 4th quarter. Northern Trust Corp now owns 75,027 shares of the company’s stock valued at $4,251,000 after buying an additional 7,498 shares during the period. Deutsche Bank AG grew its stake in shares of Birkenstock by 1,564.2% during the 4th quarter. Deutsche Bank AG now owns 50,343 shares of the company’s stock valued at $2,852,000 after buying an additional 47,318 shares during the period. Ethic Inc. purchased a new stake in shares of Birkenstock during the 4th quarter valued at $315,000. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of Birkenstock by 4.9% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 14,778 shares of the company’s stock valued at $837,000 after buying an additional 688 shares during the period. 19.93% of the stock is owned by hedge funds and other institutional investors.

Birkenstock Trading Down 0.3%

Shares of Birkenstock stock opened at $46.12 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.78 and a quick ratio of 1.29. Birkenstock has a 1 year low of $40.56 and a 1 year high of $62.66. The company has a market capitalization of $8.66 billion, a P/E ratio of 25.62, a P/E/G ratio of 1.03 and a beta of 1.31. The business has a 50 day moving average price of $49.72 and a 200 day moving average price of $49.82.

Birkenstock (NYSE:BIRK) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.03. The firm had revenue of $749.13 million during the quarter, compared to the consensus estimate of $641.18 million. Birkenstock had a return on equity of 11.52% and a net margin of 15.21%.The company’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.40 EPS. Birkenstock has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Birkenstock will post 1.77 EPS 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.