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

Birkenstock Holding PLC (NYSE:BIRK) has earned an average rating of “Buy” from the sixteen brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, fourteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $68.3846.

A number of analysts have issued reports on BIRK shares. JPMorgan Chase & Co. reduced their price target 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 reiterated a “hold (c)” rating on shares of Birkenstock in a report on Wednesday. The Goldman Sachs Group upgraded shares of Birkenstock from a “neutral” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Thursday, July 24th. Telsey Advisory Group reiterated an “outperform” rating and issued a $70.00 price target on shares of Birkenstock in a report on Friday, September 26th. Finally, UBS Group set a $77.00 price target on shares of Birkenstock and gave the company a “buy” rating in a report on Tuesday, August 5th.

Institutional Trading of Birkenstock

Large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its holdings in shares of Birkenstock by 2,514.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,785 shares of the company’s stock worth $403,000 after buying an additional 8,449 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Birkenstock by 23.3% in the 1st quarter. Bank of New York Mellon Corp now owns 160,030 shares of the company’s stock worth $7,337,000 after buying an additional 30,222 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Birkenstock by 37.6% in the 1st quarter. Principal Financial Group Inc. now owns 746,716 shares of the company’s stock worth $34,237,000 after buying an additional 203,918 shares during the last quarter. AGF Management Ltd. increased its holdings in shares of Birkenstock by 79.9% in the 1st quarter. AGF Management Ltd. now owns 1,179,688 shares of the company’s stock worth $54,089,000 after buying an additional 523,961 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Birkenstock in the 1st quarter worth about $523,000. 19.93% of the stock is currently owned by institutional investors.

Birkenstock Stock Down 2.8%

Shares of BIRK stock opened at $42.29 on Monday. The company has a market capitalization of $7.94 billion, a price-to-earnings ratio of 23.49, a PEG ratio of 0.83 and a beta of 1.22. Birkenstock has a one year low of $40.56 and a one year high of $62.66. The company’s fifty day moving average price is $48.08 and its 200-day moving average price is $49.71. 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 results on Thursday, August 14th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. The company had revenue of $749.13 million for the quarter, compared to the consensus estimate of $641.18 million. Birkenstock had a net margin of 15.21% and a return on equity of 11.52%. Birkenstock’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.40 EPS. Birkenstock has set its FY 2025 guidance at EPS. Sell-side analysts expect that Birkenstock will post 1.77 EPS for the current fiscal year.

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.