Birkenstock’s (BIRK) “Outperform” Rating Reaffirmed at Telsey Advisory Group

by · The Cerbat Gem

Telsey Advisory Group reissued their outperform rating on shares of Birkenstock (NYSE:BIRK – Free Report) in a report published on Friday,Benzinga reports. The firm currently has a $70.00 target price on the stock.

A number of other equities research analysts have also weighed in on the stock. Stifel Nicolaus lowered their price target on shares of Birkenstock from $70.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Piper Sandler lowered their target price on Birkenstock from $70.00 to $60.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. Finally, UBS Group boosted their price target on Birkenstock from $68.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $66.06.

Check Out Our Latest Stock Analysis on Birkenstock

Birkenstock Price Performance

Shares of NYSE BIRK opened at $52.64 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.84 and a quick ratio of 1.08. Birkenstock has a 1-year low of $40.56 and a 1-year high of $64.78. The company has a market capitalization of $9.89 billion, a price-to-earnings ratio of 42.45, a PEG ratio of 1.02 and a beta of 1.56. The business has a 50-day moving average of $47.37 and a 200-day moving average of $51.43.

Birkenstock (NYSE:BIRK – Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. The firm had revenue of $385.88 million during the quarter, compared to analysts’ expectations of $355.80 million. Birkenstock had a return on equity of 9.52% and a net margin of 11.73%. On average, equities analysts anticipate that Birkenstock will post 1.77 EPS for the current fiscal year.

Institutional Trading of Birkenstock

Institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC boosted its holdings in shares of Birkenstock by 642.6% in the 4th quarter. Signaturefd LLC now owns 505 shares of the company’s stock valued at $29,000 after buying an additional 437 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new position in Birkenstock in the fourth quarter worth about $34,000. NewEdge Advisors LLC acquired a new position in Birkenstock in the fourth quarter valued at approximately $45,000. Quarry LP grew its holdings in shares of Birkenstock by 120.3% during the fourth quarter. Quarry LP now owns 1,097 shares of the company’s stock valued at $62,000 after purchasing an additional 599 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Birkenstock during the 4th quarter worth approximately $76,000. Institutional investors own 19.93% of the company’s stock.

Birkenstock Company Profile

(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.

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