Birkenstock Holding PLC (NYSE:BIRK) Given Average Rating of “Buy” by Brokerages

Shares of Birkenstock Holding PLC (NYSE:BIRK) have received a consensus rating of “Buy” from the sixteen analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $68.3846.

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group upgraded shares of Birkenstock from a “neutral” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Thursday, July 24th. JPMorgan Chase & Co. cut their price objective on shares of Birkenstock from $81.00 to $66.00 and set an “overweight” rating on the stock in a report on Friday, September 19th. Weiss Ratings restated a “hold (c)” rating on shares of Birkenstock in a report on Wednesday, October 8th. Telsey Advisory Group reiterated an “outperform” rating and issued a $70.00 target price on shares of Birkenstock in a report on Friday, September 26th. Finally, UBS Group set a $77.00 target price on shares of Birkenstock and gave the stock a “buy” rating in a report on Tuesday, August 5th.

Institutional Investors Weigh In On Birkenstock

Hedge funds have recently bought and sold shares of the company. Activest Wealth Management raised its holdings in Birkenstock by 77,500.0% in the third quarter. Activest Wealth Management now owns 776 shares of the company’s stock worth $35,000 after purchasing an additional 775 shares during the period. Signaturefd LLC raised its holdings in Birkenstock by 66.5% in the first quarter. Signaturefd LLC now owns 841 shares of the company’s stock worth $39,000 after purchasing an additional 336 shares during the period. GAMMA Investing LLC raised its holdings in Birkenstock by 34.5% in the second quarter. GAMMA Investing LLC now owns 908 shares of the company’s stock worth $45,000 after purchasing an additional 233 shares during the period. NewEdge Advisors LLC raised its holdings in Birkenstock by 61.0% in the first quarter. NewEdge Advisors LLC now owns 1,288 shares of the company’s stock worth $59,000 after purchasing an additional 488 shares during the period. Finally, Smartleaf Asset Management LLC acquired a new stake in Birkenstock in the second quarter worth $74,000. 19.93% of the stock is currently owned by institutional investors and hedge funds.

Birkenstock Trading Up 0.3%

Shares of NYSE BIRK opened at $39.50 on Friday. The company’s 50 day simple moving average is $45.22 and its 200 day simple moving average is $49.23. Birkenstock has a fifty-two week low of $38.83 and a fifty-two week high of $62.66. The firm has a market capitalization of $7.42 billion, a P/E ratio of 21.94, a P/E/G ratio of 0.75 and a beta of 1.22. 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 (NYSE:BIRK) last announced its quarterly earnings data on Thursday, August 14th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.03. Birkenstock had a net margin of 15.21% and a return on equity of 11.52%. The business had revenue of $749.13 million for the quarter, compared to analyst estimates of $641.18 million. During the same period in the prior year, the business posted $0.40 earnings per share. Birkenstock’s revenue was up 12.4% compared to the same quarter last year. Birkenstock has set its FY 2025 guidance at EPS. On average, analysts predict that Birkenstock will post 1.77 EPS for the current year.

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.