Birkenstock Holding plc (NYSE:BIRK) Receives $68.31 Average Price Target from Brokerages

Shares of Birkenstock Holding plc (NYSE:BIRK) have been given a consensus rating of “Moderate Buy” by the seventeen analysts that are presently covering the company, MarketBeat.com reports. Two research analysts have 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 12 month price target among brokerages that have covered the stock in the last year is $68.31.

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Birkenstock from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $70.00 price objective on shares of Birkenstock in a report on Thursday, December 19th. BTIG Research upped 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. UBS Group raised their price target on Birkenstock from $83.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, Hsbc Global Res upgraded Birkenstock to a “strong-buy” rating in a report on Tuesday, December 3rd.

Institutional Investors Weigh In On Birkenstock

A number of large investors have recently added to or reduced their stakes in BIRK. GAMMA Investing LLC raised its stake in shares of Birkenstock by 33.7% during the third quarter. GAMMA Investing LLC now owns 893 shares of the company’s stock valued at $44,000 after acquiring an additional 225 shares during the last quarter. MetLife Investment Management LLC raised its position in Birkenstock by 52.2% during the 3rd quarter. MetLife Investment Management LLC now owns 688 shares of the company’s stock valued at $34,000 after purchasing an additional 236 shares during the last quarter. Quarry LP purchased a new stake in Birkenstock in the 3rd quarter worth approximately $25,000. Amalgamated Bank grew its position in shares of Birkenstock by 51.8% in the 3rd quarter. Amalgamated Bank now owns 2,071 shares of the company’s stock worth $102,000 after buying an additional 707 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its position in shares of Birkenstock by 58.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 6,670 shares of the company’s stock worth $329,000 after buying an additional 2,470 shares during the last quarter. Institutional investors own 19.93% of the company’s stock.

Birkenstock Stock Performance

NYSE:BIRK opened at $57.73 on Friday. Birkenstock has a twelve month low of $41.00 and a twelve month high of $64.78. The company has a quick ratio of 1.49, a current ratio of 2.91 and a debt-to-equity ratio of 0.55. The stock has a market cap of $10.84 billion, a P/E ratio of 94.64, a PEG ratio of 1.19 and a beta of 1.61. The business’s 50-day moving average price is $52.34 and its two-hundred day moving average price is $52.93.

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.