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

Shares of Birkenstock Holding plc (NYSE:BIRKGet Free Report) have earned a consensus rating of “Moderate Buy” from the seventeen ratings firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $68.31.

Several equities research analysts have commented on the company. Robert W. Baird boosted their price objective on Birkenstock from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. BTIG Research upped their price target on Birkenstock from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Telsey Advisory Group reissued an “outperform” rating and issued a $70.00 target price on shares of Birkenstock in a research report on Wednesday, January 22nd. BMO Capital Markets upped their target price on shares of Birkenstock from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Finally, UBS Group boosted their price objective on Birkenstock from $83.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th.

Check Out Our Latest Stock Report on BIRK

Institutional Investors Weigh In On Birkenstock

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP acquired a new position in Birkenstock in the third quarter worth $25,000. MetLife Investment Management LLC raised its stake in Birkenstock by 52.2% during the third quarter. MetLife Investment Management LLC now owns 688 shares of the company’s stock worth $34,000 after acquiring an additional 236 shares during the period. GAMMA Investing LLC lifted its holdings in Birkenstock by 33.7% in the third quarter. GAMMA Investing LLC now owns 893 shares of the company’s stock worth $44,000 after acquiring an additional 225 shares during the last quarter. Amalgamated Bank raised its position in shares of Birkenstock by 51.8% during the 3rd quarter. Amalgamated Bank now owns 2,071 shares of the company’s stock worth $102,000 after purchasing an additional 707 shares during the period. Finally, R Squared Ltd bought a new stake in shares of Birkenstock in the 4th quarter worth approximately $143,000. Institutional investors own 19.93% of the company’s stock.

Birkenstock Stock Up 1.6 %

BIRK stock opened at $56.60 on Wednesday. The firm has a market cap of $10.63 billion, a PE ratio of 52.41, a P/E/G ratio of 1.18 and a beta of 1.61. Birkenstock has a one year low of $41.00 and a one year high of $64.78. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.20 and a current ratio of 2.60. The firm’s fifty day moving average is $56.86 and its 200 day moving average is $53.32.

About Birkenstock

(Get Free Report

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.

Further Reading

Analyst Recommendations for Birkenstock (NYSE:BIRK)

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