Birkenstock Holding plc (NYSE:BIRK) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Birkenstock Holding plc (NYSE:BIRK) have received a consensus recommendation of “Moderate Buy” from the nineteen ratings firms that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $60.12.

Several research firms recently weighed in on BIRK. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $70.00 price objective on shares of Birkenstock in a research report on Thursday, June 13th. The Goldman Sachs Group downgraded Birkenstock from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $54.20 to $58.00 in a research note on Wednesday, June 12th. BNP Paribas initiated coverage on Birkenstock in a research note on Thursday, June 20th. They set an “outperform” rating and a $68.00 target price for the company. Stifel Nicolaus boosted their target price on Birkenstock from $54.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. Finally, Morgan Stanley boosted their target price on Birkenstock from $44.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 25th.

Birkenstock Price Performance

Shares of BIRK opened at $54.16 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 2.87. The company’s fifty day simple moving average is $54.38 and its 200 day simple moving average is $49.37. Birkenstock has a 1-year low of $35.83 and a 1-year high of $61.83.

Birkenstock (NYSE:BIRK) last announced its earnings results on Thursday, May 30th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.09. The business had revenue of $522.51 million during the quarter, compared to the consensus estimate of $499.98 million. As a group, analysts expect that Birkenstock will post 1.36 EPS for the current fiscal year.

Institutional Investors Weigh In On Birkenstock

Several large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its stake in Birkenstock by 439.5% in the 2nd quarter. SG Americas Securities LLC now owns 84,997 shares of the company’s stock worth $4,625,000 after purchasing an additional 69,242 shares during the period. Renaissance Capital LLC boosted its position in shares of Birkenstock by 36.5% during the 2nd quarter. Renaissance Capital LLC now owns 22,682 shares of the company’s stock valued at $1,234,000 after acquiring an additional 6,068 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Birkenstock by 377.1% during the 2nd quarter. GAMMA Investing LLC now owns 668 shares of the company’s stock valued at $36,000 after acquiring an additional 528 shares during the last quarter. Interval Partners LP boosted its position in shares of Birkenstock by 233.5% during the 1st quarter. Interval Partners LP now owns 183,452 shares of the company’s stock valued at $8,668,000 after acquiring an additional 128,452 shares during the last quarter. Finally, Bwcp LP boosted its position in shares of Birkenstock by 162.3% during the 1st quarter. Bwcp LP now owns 209,645 shares of the company’s stock valued at $9,906,000 after acquiring an additional 129,726 shares during the last quarter. Hedge funds and other institutional investors 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.