Telsey Advisory Group reaffirmed their outperform rating on shares of Birkenstock (NYSE:BIRK – Free Report) in a research report report published on Thursday morning,Benzinga reports. The brokerage currently has a $70.00 price target on the stock.
BIRK has been the subject of several other research reports. Robert W. Baird upped their target price on Birkenstock from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. UBS Group increased their price target on Birkenstock from $83.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, December 19th. HSBC raised Birkenstock from a “hold” rating to a “buy” rating and increased their price target for the company from $58.00 to $60.00 in a report on Tuesday, December 3rd. Hsbc Global Res raised Birkenstock to a “strong-buy” rating in a report on Tuesday, December 3rd. Finally, BTIG Research increased their price target on Birkenstock from $60.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Birkenstock has a consensus rating of “Moderate Buy” and an average price target of $68.31.
Read Our Latest Report on Birkenstock
Birkenstock Price Performance
Birkenstock (NYSE:BIRK – Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.03. Birkenstock had a return on equity of 8.82% and a net margin of 10.57%. On average, equities analysts anticipate that Birkenstock will post 1.77 EPS for the current fiscal year.
Institutional Trading of Birkenstock
Institutional investors and hedge funds have recently bought and sold shares of the company. Quarry LP acquired a new stake in Birkenstock during the third quarter valued at approximately $25,000. Signaturefd LLC raised its position in shares of Birkenstock by 642.6% during the 4th quarter. Signaturefd LLC now owns 505 shares of the company’s stock worth $29,000 after purchasing an additional 437 shares during the period. MetLife Investment Management LLC raised its position in shares of Birkenstock by 52.2% during the 3rd quarter. MetLife Investment Management LLC now owns 688 shares of the company’s stock worth $34,000 after purchasing an additional 236 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Birkenstock during the 4th quarter worth approximately $34,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of Birkenstock during the 4th quarter worth approximately $45,000. Institutional investors and hedge funds 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.
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