Here’s Why We Think Burlington Stores (NYSE:BURL) Might Deserve Your Attention Today

Analyst Upgrades and Downgrades

Several research firms have recently updated their outlook on Birkenstock Holding plc (NYSE: BIRK). These updates include:

• Stifel Nicolaus increased its target price from $62.00 to $70.00, maintaining a “buy” rating (May 16).
• BTIG Research raised its price target from $70.00 to $72.00, also issuing a “buy” rating (May 15).
• Telsey Advisory Group reiterated an “outperform” rating with a $70.00 price objective (May 15).
• Robert W. Baird upped its price target from $65.00 to $70.00, maintaining an “outperform” rating (May 16).
• Evercore ISI lifted its target from $65.00 to $70.00 and gave the stock an “outperform” rating (May 19).

Currently, the stock has:

• 2 analysts giving a hold rating
• 14 analysts issuing a buy rating
• 1 analyst giving a strong buy rating

According to MarketBeat.com, the consensus rating is “Moderate Buy” with a consensus price target of $67.19.

Birkenstock Stock Performance

Birkenstock shares recently traded down by 3.2%.

Key financial indicators include:

• 50-day moving average: $49.40
• 200-day moving average: $52.03
• Debt-to-equity ratio: 0.48
• Current ratio: 2.84
• Quick ratio: 1.08
• Market capitalization: $10.01 billion
• P/E ratio: 42.96
• PEG ratio: 1.02
• Beta: 1.56

Recent Earnings Report

Birkenstock reported its quarterly earnings on May 15th, revealing:

• Earnings per share (EPS): $0.58, slightly exceeding expectations of $0.57
• Revenue: $623.54 million, beating the forecast of $567.84 million
• Return on equity: 9.52%
• Net margin: 11.73%
• Revenue growth: +19.3% year-over-year
• Previous year same-quarter EPS: $0.38

Analysts expect the company to post an EPS of 1.77 for the current year.

Institutional Investor Activity

Institutional investors have made notable changes to their positions:

• Woodline Partners LP doubled its position, now holding 383,570 shares valued at $17.59 million.
• Arete Wealth Advisors LLC initiated a new stake worth $466,000.
• Goldman Sachs Group Inc. increased holdings by 27.8%, owning over 1.07 million shares.
• Dynamic Technology Lab Private Ltd entered a new position worth $523,000.
• NewEdge Advisors LLC increased its stake by 61%, now holding 1,288 shares.

Overall, 19.93% of Birkenstock stock is held by institutional investors and hedge funds.

Birkenstock Company Overview

Birkenstock Holding plc is known for manufacturing and selling footwear and lifestyle products. Its offerings include:

• Sandals and shoes
• Closed-toe silhouettes
• Skincare products
• Fashion accessories

The company sells through:

• E-commerce platforms
• Owned retail locations
• Business-to-business channels

Birkenstock operates in several regions, including the United States, Brazil, Canada, Mexico, Europe, and APMA, among others.