Birkenstock (NYSE:BIRK) Given Outperform Rating at Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Birkenstock (NYSE:BIRK) in a research report report published on Thursday,Benzinga reports. They currently have a $70.00 price target on the stock.

Other equities analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft boosted their price target on Birkenstock from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. BMO Capital Markets boosted their price target on Birkenstock from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Hsbc Global Res raised Birkenstock to a “strong-buy” rating in a report on Tuesday, December 3rd. Robert W. Baird boosted their price target on Birkenstock from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Finally, HSBC raised Birkenstock from a “hold” rating to a “buy” rating and boosted their price target for the stock from $58.00 to $60.00 in a report on Tuesday, December 3rd. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $68.31.

Birkenstock Stock Down 1.2 %

BIRK opened at $54.06 on Thursday. The business’s fifty day moving average is $57.60 and its two-hundred day moving average is $53.26. 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 company has a market cap of $10.15 billion, a price-to-earnings ratio of 50.05, a PEG ratio of 1.09 and a beta of 1.61. Birkenstock has a one year low of $41.00 and a one year high of $64.78.

Birkenstock (NYSE:BIRK) last posted its earnings results on Thursday, February 20th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. Birkenstock had a return on equity of 8.82% and a net margin of 10.57%. Analysts anticipate that Birkenstock will post 1.77 EPS for the current fiscal year.

Institutional Investors Weigh In On Birkenstock

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in Birkenstock during the third quarter worth about $25,000. Signaturefd LLC increased its stake in Birkenstock by 642.6% during the fourth quarter. Signaturefd LLC now owns 505 shares of the company’s stock worth $29,000 after acquiring an additional 437 shares during the last quarter. MetLife Investment Management LLC increased 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 last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Birkenstock during the fourth quarter worth about $34,000. Finally, NewEdge Advisors LLC acquired a new stake in Birkenstock during the fourth quarter worth about $45,000. 19.93% of the stock is currently owned by institutional investors and hedge funds.

About Birkenstock

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.