Deutsche Bank Aktiengesellschaft Raises Birkenstock (NYSE:BIRK) Price Target to $66.00

Birkenstock (NYSE:BIRK) had its target price lifted by analysts at Deutsche Bank Aktiengesellschaft from $65.00 to $66.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 15.47% from the company’s current price.

Several other brokerages have also recently weighed in on BIRK. UBS Group lowered their price target on shares of Birkenstock from $85.00 to $83.00 and set a “buy” rating for the company in a research report on Tuesday, December 10th. Telsey Advisory Group restated an “outperform” rating and set a $70.00 target price on shares of Birkenstock in a report on Friday, December 13th. HSBC raised Birkenstock from a “hold” rating to a “buy” rating and increased their target price for the company from $58.00 to $60.00 in a research report on Tuesday, December 3rd. Hsbc Global Res upgraded Birkenstock to a “strong-buy” rating in a research note on Tuesday, December 3rd. Finally, Stifel Nicolaus lifted their target price on Birkenstock from $63.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $66.94.

Birkenstock Stock Performance

Shares of Birkenstock stock opened at $57.16 on Thursday. Birkenstock has a 12 month low of $41.00 and a 12 month high of $64.78. The stock’s fifty day moving average price is $49.81 and its 200-day moving average price is $53.05. The firm has a market cap of $10.74 billion, a P/E ratio of 93.70, a P/E/G ratio of 1.19 and a beta of 2.22. The company has a current ratio of 2.91, a quick ratio of 1.49 and a debt-to-equity ratio of 0.55.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BIRK. Quarry LP purchased a new position in shares of Birkenstock during the third quarter worth $25,000. MetLife Investment Management LLC grew its position in Birkenstock by 52.2% during the 3rd quarter. MetLife Investment Management LLC now owns 688 shares of the company’s stock worth $34,000 after purchasing an additional 236 shares during the period. GAMMA Investing LLC raised its stake in shares of Birkenstock by 33.7% during the 3rd quarter. GAMMA Investing LLC now owns 893 shares of the company’s stock valued at $44,000 after buying an additional 225 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of Birkenstock by 51.8% in the 3rd quarter. Amalgamated Bank now owns 2,071 shares of the company’s stock valued at $102,000 after buying an additional 707 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in shares of Birkenstock in the second quarter worth about $136,000. 19.93% of the stock is owned by institutional investors and hedge funds.

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.