Birkenstock (NYSE:BIRK) Issues Quarterly Earnings Results

Birkenstock (NYSE:BIRK) issued its quarterly earnings results on Thursday. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03, Zacks reports. Birkenstock had a net margin of 10.57% and a return on equity of 8.82%.

Birkenstock Stock Performance

NYSE BIRK traded down $1.37 during trading on Thursday, reaching $53.33. The company’s stock had a trading volume of 2,219,792 shares, compared to its average volume of 1,505,098. The firm has a 50 day moving average price of $57.59 and a 200 day moving average price of $53.26. Birkenstock has a 12 month low of $41.00 and a 12 month high of $64.78. The firm has a market capitalization of $10.02 billion, a price-to-earnings ratio of 49.39, a price-to-earnings-growth ratio of 1.09 and a beta of 1.61. The company has a current ratio of 2.60, a quick ratio of 1.20 and a debt-to-equity ratio of 0.50.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $70.00 price target on shares of Birkenstock in a research note on Thursday. UBS Group lifted their price target on shares of Birkenstock from $83.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Piper Sandler assumed coverage on shares of Birkenstock in a research report on Tuesday, December 10th. They issued an “overweight” rating and a $65.00 price objective for the company. BTIG Research lifted their price objective on shares of Birkenstock from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, Robert W. Baird lifted their price objective on shares of Birkenstock from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Two 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $68.31.

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.