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

Telsey Advisory Group reissued their outperform rating on shares of Birkenstock (NYSE:BIRK) in a report released on Thursday morning,Benzinga reports. They currently have a $70.00 price objective on the stock.

BIRK has been the topic of a number of other research reports. Piper Sandler started coverage on Birkenstock in a report on Tuesday, December 10th. They issued an “overweight” rating and a $65.00 target price on the stock. Robert W. Baird increased their price objective on shares of Birkenstock from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. BMO Capital Markets upped their price target on shares of Birkenstock from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. BTIG Research increased their price target on Birkenstock from $60.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Birkenstock from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $68.31.

Birkenstock Stock Performance

NYSE BIRK opened at $56.81 on Thursday. 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 company has a market capitalization of $10.67 billion, a PE ratio of 52.60, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61. The business’s 50-day moving average price is $57.52 and its 200 day moving average price is $53.38. Birkenstock has a twelve month low of $41.00 and a twelve month high of $64.78.

Institutional Investors Weigh In On Birkenstock

A number of institutional investors have recently made changes to their positions in BIRK. Quarry LP bought a new position in Birkenstock in the third quarter worth about $25,000. Signaturefd LLC raised its position in shares of Birkenstock by 642.6% during the 4th quarter. Signaturefd LLC now owns 505 shares of the company’s stock worth $29,000 after purchasing an additional 437 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Birkenstock during the 4th quarter valued at approximately $34,000. MetLife Investment Management LLC increased its position in Birkenstock by 52.2% in the third quarter. MetLife Investment Management LLC now owns 688 shares of the company’s stock worth $34,000 after buying an additional 236 shares during the period. Finally, NewEdge Advisors LLC acquired a new position in Birkenstock during the 4th quarter valued at about $45,000. 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.