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Birkenstock Holding

Analyst ratings are quantitative and qualitative analysis of a stock by Wall Street stock rating analysts. Stock ratings consist of expected future growth, current stock valuation and macroeconomic trends.

Edouard Aubin's

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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.



<ul>
<li>JP Morgan cut the price target for Sea Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SE#NYSE">SE</a>) from $84 to $78. JP Morgan analyst Ranjan Sharma downgraded the stock from Overweight to Neutral. Sea shares gained 0.6% to close at $75.89 on Monday. <a href="https://www.benzinga.com/quote/SE/analyst-ratings">See how other analysts view this stock.</a></li>



<li>Morgan Stanley raised the price target for Birkenstock Holding plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIRK#NYSE">BIRK</a>) from $44 to $58. Morgan Stanley analyst Edouard Aubin maintained an Equal-Weight rating. Birkenstock shares fell 2.8% to close at $59.78 on Monday. <a href="https://www.benzinga.com/quote/BIRK/analyst-ratings">See how other analysts view this stock.</a></li>



<li>TD Cowen boosted Credo Technology Group Holding Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>) price target from $24 to $35. TD Cowen analyst Matt Ramsay upgraded the stock from Hold to Buy. Credo Technology shares fell 0.7% to close at $27.29 on Monday. <a href="https://www.benzinga.com/quote/CRDO/analyst-ratings">See how other analysts view this stock.</a></li>



<li>UBS boosted the price target for Cloudflare, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>) from $76 to $82. UBS analyst Roger Boyd upgraded the stock from Sell to Neutral. Cloudflare shares rose 0.9% to close at $78.60 on Monday. <a href="https://www.benzinga.com/quote/NET/analyst-ratings">See how other analysts view this stock</a>.</li>



<li>Needham cut G1 Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTHX#NASDAQ">GTHX</a>) price target from $12 to $6. Needham analyst Gil Blum maintained a Buy rating. G1 Therapeutics shares fell 10.5% to close at $2.22 on Monday. <a href="https://www.benzinga.com/quotTHXe/G/analyst-ratings">See how other analysts view this stock</a>.</li>



<li>Wells Fargo lowered Capri Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPRI#NYSE">CPRI</a>) price target from $57 to $43. Wells Fargo analyst Ike Boruchow upgraded the stock from Equal-Weight to Overweight. Capri shares gained 0.7% to close at $31.51 on Monday. <a href="https://www.benzinga.com/quote/CPRI/analyst-ratings">See how other analysts view this stock.</a></li>



<li>Evercore ISI Group raised the price target for C.H. Robinson Worldwide, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>) from $82 to $99. Evercore ISI Group analyst Jonathan Chappell upgraded the stock from In-Line to Outperform. C.H. Robinson shares gained 2% to close at $88.49 on Monday. <a href="https://www.benzinga.com/quote/CHRW/analyst-ratings">See how other analysts view this stock</a>.</li>



<li>Wells Fargo cut Etsy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>) price target from $58 to $56. Wells Fargo analyst Ken Gawrelski maintained an Underweight rating. Etsy shares fell 0.4% to close at $59.95 on Monday. <a href="https://www.benzinga.com/quote/ETSY/analyst-ratings">See how other analysts view this stock</a>.</li>



<li>HC Wainwright &amp; Co. raised Regulus Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGLS#NASDAQ">RGLS</a>) price target from $9 to $10. HC Wainwright &amp; Co. analyst Raghuram Selvaraju maintained a Buy rating. Regulus Therapeutics shares fell 18.3% to close at $2.05 on Monday. <a href="https://www.benzinga.com/quote/RGLS/analyst-ratings">See how other analysts view this stock</a>.</li>



<li>Truist Securities boosted Ball Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BALL#NYSE">BALL</a>) price target from $67 to $76. Truist Securities analyst Michael Roxland upgraded the stock from Hold to Buy. Ball shares rose 1.5% to close at $61.58 on Monday. <a href="https://www.benzinga.com/quote/BALL/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>



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BALL

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CHRW

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Ball To Rally More Than 23%? Here Are 10 Top Analyst Forecasts For Tuesday

analyst ratings image

Throughout the last three months, 18 analysts have evaluated Birkenstock Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIRK#NYSE">BIRK</a>), offering a diverse set of opinions from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>

The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $48.06, a high estimate of $56.50, and a low estimate of $41.00. Highlighting a 0.91% decrease, the current average has fallen from the previous average price target of $48.50. 
<img src="https://www.benzinga.com/files/images/story/2024/1705683628_0.png" alt="price target chart" />

<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Birkenstock Holding. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Edward Yruma</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$56.50</td>
<td>$50.00</td>
</tr>
<tr>
<td>Jim Duffy</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$52.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>Michael Binetti</td>
<td>Evercore ISI Group</td>
<td>Announces</td>
<td>Outperform</td>
<td>$47.00</td>
<td>-</td>
</tr>
<tr>
<td>Gabriella Carbone</td>
<td>Deutsche Bank</td>
<td>Announces</td>
<td>Hold</td>
<td>$43.00</td>
<td>-</td>
</tr>
<tr>
<td>Melania Grippo</td>
<td>Exane BNP Paribas</td>
<td>Announces</td>
<td>Neutral</td>
<td>$44.00</td>
<td>-</td>
</tr>
<tr>
<td>Matthew Boss</td>
<td>JP Morgan</td>
<td>Announces</td>
<td>Overweight</td>
<td>$48.00</td>
<td>-</td>
</tr>
<tr>
<td>Randal Konik</td>
<td>Jefferies</td>
<td>Announces</td>
<td>Buy</td>
<td>$50.00</td>
<td>-</td>
</tr>
<tr>
<td>Erwan Rambourg</td>
<td>HSBC</td>
<td>Announces</td>
<td>Hold</td>
<td>$42.00</td>
<td>-</td>
</tr>
<tr>
<td>Paul Lejuez</td>
<td>Citigroup</td>
<td>Announces</td>
<td>Buy</td>
<td>$52.00</td>
<td>-</td>
</tr>
<tr>
<td>Mark Altschwager</td>
<td>Baird</td>
<td>Announces</td>
<td>Outperform</td>
<td>$48.00</td>
<td>-</td>
</tr>
<tr>
<td>Sam Poser</td>
<td>Williams Trading</td>
<td>Announces</td>
<td>Buy</td>
<td>$55.00</td>
<td>-</td>
</tr>
<tr>
<td>Jay Sole</td>
<td>UBS</td>
<td>Announces</td>
<td>Neutral</td>
<td>$44.00</td>
<td>-</td>
</tr>
<tr>
<td>Edward Yruma</td>
<td>Piper Sandler</td>
<td>Announces</td>
<td>Overweight</td>
<td>$50.00</td>
<td>-</td>
</tr>
<tr>
<td>Jim Duffy</td>
<td>Stifel</td>
<td>Announces</td>
<td>Buy</td>
<td>$47.00</td>
<td>-</td>
</tr>
<tr>
<td>Dana Telsey</td>
<td>Telsey Advisory Group</td>
<td>Announces</td>
<td>Outperform</td>
<td>$47.00</td>
<td>-</td>
</tr>
<tr>
<td>Edouard Aubin</td>
<td>Morgan Stanley</td>
<td>Announces</td>
<td>Equal-Weight</td>
<td>$41.00</td>
<td>-</td>
</tr>
<tr>
<td>Louise Singlehurst</td>
<td>Goldman Sachs</td>
<td>Announces</td>
<td>Buy</td>
<td>$48.50</td>
<td>-</td>
</tr>
<tr>
<td>Simeon Siegel</td>
<td>BMO Capital</td>
<td>Announces</td>
<td>Outperform</td>
<td>$50.00</td>
<td>-</td>
</tr>
</tbody>
</table>

<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Birkenstock Holding. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Birkenstock Holding compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Birkenstock Holding's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/BIRK/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Birkenstock Holding analyst ratings.</a>
<h2>Delving into Birkenstock Holding's Background</h2>
Birkenstock Holding PLC is a company that manufactures and sells footbed-based products, including sandals, closed-toe silhouettes, and other products, such as skincare and accessories, for everyday, leisure, and work. The company operates in four operating segments based on its regional hubs: Americas, Europe and Asia, the South Pacific and Australia (ASPA), and the Middle East, Africa, and India (MEAI). The company sells its products through two main channels: business-to-business (B2B) (comprising sales made to established third-party store networks) and direct-to-consumer (DTC).
<h3>A Deep Dive into Birkenstock Holding's Financials</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Birkenstock Holding's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2023, the company achieved a revenue growth rate of approximately 24.96%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 13.34%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Birkenstock Holding's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 2.7%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 1.34%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Birkenstock Holding's debt-to-equity ratio is below the industry average. With a ratio of 0.82, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Closer Look at 18 Analyst Recommendations For Birkenstock Holding

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		Buy Now							Get Alert
06/25/2024	BIRK	Buy Now	Birkenstock Holding	$54.41	6.6%	$44 → $58	Maintains	Equal-Weight	Get Alert
11/06/2023	BIRK	Buy Now	Birkenstock Holding	$54.41	-24.65%	→ $41	Initiates	→ Equal-Weight	Get Alert

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Edouard Aubin's Stock Ratings

Morgan Stanley Analyst

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