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

Birkenstock Holding plc (NYSE:BIRK) has been given a consensus rating of “Moderate Buy” by the seventeen brokerages that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $68.31.

BIRK has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of Birkenstock from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Robert W. Baird increased their price objective on Birkenstock from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Piper Sandler began coverage on Birkenstock in a research report on Tuesday, December 10th. They set an “overweight” rating and a $65.00 target price for the company. Telsey Advisory Group restated an “outperform” rating and issued a $70.00 target price on shares of Birkenstock in a research note on Wednesday, January 22nd. Finally, Hsbc Global Res upgraded Birkenstock to a “strong-buy” rating in a research report on Tuesday, December 3rd.

Birkenstock Stock Performance

Shares of BIRK stock opened at $59.25 on Wednesday. The stock has a market capitalization of $11.13 billion, a P/E ratio of 54.86, a PEG ratio of 1.22 and a beta of 1.61. Birkenstock has a 12 month low of $41.00 and a 12 month high of $64.78. The company has a current ratio of 2.60, a quick ratio of 1.20 and a debt-to-equity ratio of 0.50. The firm’s 50 day moving average is $56.63 and its 200 day moving average is $53.29.

Institutional Investors Weigh In On Birkenstock

Hedge funds have recently made changes to their positions in the business. New York State Common Retirement Fund raised its position in Birkenstock by 21.7% in the 4th quarter. New York State Common Retirement Fund now owns 22,415 shares of the company’s stock worth $1,270,000 after purchasing an additional 4,000 shares during the period. Venturi Wealth Management LLC grew its stake in shares of Birkenstock by 9.3% during the fourth quarter. Venturi Wealth Management LLC now owns 7,292 shares of the company’s stock valued at $413,000 after buying an additional 622 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Birkenstock by 581.8% in the fourth quarter. Principal Financial Group Inc. now owns 542,798 shares of the company’s stock worth $30,755,000 after buying an additional 463,191 shares during the period. Kessler Investment Group LLC purchased a new position in shares of Birkenstock in the fourth quarter worth about $6,737,000. Finally, Vontobel Holding Ltd. bought a new stake in shares of Birkenstock in the 4th quarter valued at about $461,000. 19.93% of the stock is currently owned by institutional investors.

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.