Streetbeat News

BIRK

Birkenstock Holding plc

https://www.birkenstock-holding.com

Industry

Apparel - Footwear & Accessories

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. Birkenstock Holding plc was founded in 1774 and is based in London, the United Kingdom. Birkenstock Holding plc is a subsidiary of BK LC Lux MidCo S.à r.l.

Open

44.90

Mkt cap

8.6B

Volume

1.3M

High

45.60

P/E Ratio

73.52

52-wk high

64.78

Low

44.47

Div yield

N/A

52-wk low

41.00

BofA analyst Christopher Nardone upgraded Skechers USA Inc (NYSE:SKX) from Neutral to Buy, raising the price target from $71 to $87 due to improving wholesale environment and solid footwear trends. The analyst also raised EPS estimates for 2Q24/F24 and highlighted significant international opportunities. Positive data points from other footwear brands like Crocs Inc (NASDAQ:CROX), Birkenstock Holding PLC (NYSE:BIRK), Deckers Outdoor Corp (NYSE:DECK), and On Holdings AG (NYSE:ONON) support the momentum in the category.

Portfolio Pulse from Shivani Kumaresan

June 07, 2024 | 5:16 pm

JP Morgan analyst Matthew Boss maintains an Overweight rating on Birkenstock Holding (NYSE:BIRK) and raises the price target from $56 to $64.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 2:46 pm

Ten stocks, including NIO and Best Buy, were the best performers last week. Key drivers included strong earnings reports, raised guidance, and analyst upgrades.

Portfolio Pulse from Lekha Gupta

June 02, 2024 | 2:57 pm

BMO Capital analyst Simeon Siegel maintains an Outperform rating on Birkenstock Holding (NYSE:BIRK) and raises the price target from $54 to $60.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 3:25 pm

Evercore ISI Group analyst Michael Binetti maintains an Outperform rating on Birkenstock Holding (NYSE:BIRK) and raises the price target from $54 to $63.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 1:54 pm

Stifel analyst Jim Duffy maintains a Buy rating on Birkenstock Holding (NYSE:BIRK) and raises the price target from $54 to $63.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 1:20 pm

B of A Securities maintains a Neutral rating on Birkenstock Holding (NYSE:BIRK) and raises the price target from $54 to $62.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 12:26 pm

Telsey Advisory Group has maintained an Outperform rating on Birkenstock Holding (NYSE:BIRK) and raised the price target from $56 to $63.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 12:06 pm

Baird analyst Mark Altschwager maintains an Outperform rating on Birkenstock Holding (NYSE:BIRK) and raises the price target from $58 to $65.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2024 | 12:05 pm

Wall Street saw a decline in major large-cap indices due to downturns in tech and communication services sectors. Investors shifted focus to small caps, real estate, and solar stocks. The second estimate of Q1 GDP growth was revised down to 1.3%. The S&P 500, Nasdaq 100, and Dow Jones Industrial Average fell, while the iShares Russell 2000 ETF and iShares 20+ Year Treasury Bond ETF rose. Salesforce plummeted 20% after missing revenue expectations, while HP Inc. rose 19% on strong results. Other notable movers included Kohl Corp., Dollar General, Best Buy, Hormel Foods, Burlington Stores, Birkenstock, Agilent Technologies, Pure Storage, Okta, Nutanix, Ui Path, and Credo Technology.

Portfolio Pulse from Piero Cingari

May 30, 2024 | 5:57 pm

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