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Birkenstock Holding plc, operating through Birkenstock Group B.V. & Co. KG, is a global brand known for its unisex footbed products, including popular silhouettes like Madrid, Arizona, and Gizeh. The company boasts a vertically integrated manufacturing base, producing all insoles in Germany and assembling most products there, while also utilizing other EU countries for manufacturing. Birkenstock effectively engages consumers through its direct-to-consumer channel and facilitates brand access via its business-to-business channel.
Birkenstock Holding plc, through its subsidiary Birkenstock Group B.V. & Co. KG, is a global brand known for its unisex footbed-based products, including popular silhouettes like Madrid, Arizona, and Gizeh. The company boasts a vertically integrated manufacturing process, producing its proprietary footbeds in Germany while assembling most products domestically and in the EU. It effectively manages its distribution through both business-to-business and direct-to-consumer channels, ensuring broad accessibility to its full product range.
Birkenstock (NYSE:BIRK) received a target price increase from UBS Group, rising from $83.00 to $95.00, indicating a potential upside of 66.20%. The stock currently holds a "Moderate Buy" rating, with 14 analysts recommending a buy and one a strong buy, while the average price target is $68.31. Institutional investors have also been active, with notable increases in positions from firms like MetLife Investment Management and Amalgamated Bank.
Birkenstock (NYSE:BIRK) has received a target price increase from UBS Group, now set at $95.00, indicating a potential upside of 66.20%. Analysts show strong support for the stock, with 14 buy ratings and a consensus price target of $68.31, despite its current "Moderate Buy" rating. Institutional investors are also increasing their stakes, reflecting growing confidence in the company's market position.
Major indexes showed mild gains as investors awaited the Federal Reserve's interest rate decision. Jabil surged 10% after strong earnings, while Heico fell over 5% despite good results, triggering a sell signal. Meanwhile, Birkenstock rallied on solid revenue growth, and Netgear spiked over 14% amid potential U.S. government actions against Chinese competitors.
European stocks closed slightly higher as investors awaited the U.S. Federal Reserve's interest rate decision. Renault shares surged 5.39% amid merger talks with Nissan and Honda, while U.K. inflation rose to 2.6%, dampening hopes for a rate cut from the Bank of England. The cost of renting in London jumped 11.6%, marking the fastest rise on record.
UBS has lowered its price target for Birkenstock to $83 from $85 while maintaining a Buy rating. The firm reports strong fundamentals and anticipates a small sales beat for Q4, with FY24 sales growth guidance aligning with or slightly exceeding market expectations. Retailer feedback indicates robust sell-through at full price during Q4.
UBS has lowered its price target for Birkenstock to $83 from $85 while maintaining a Buy rating. The firm reports strong fundamentals and anticipates a small sales beat for Q4, with FY24 sales growth guidance aligning with or slightly exceeding market expectations. Retailer feedback indicates robust sell-through at full price during Q4.
Birkenstock Holding plc operates through Birkenstock Group B.V. & Co. KG, offering a unisex portfolio of footbed products, including core silhouettes like Madrid, Arizona, and Gizeh. The brand's unique footbed design, reflecting human anatomy, is produced primarily in Germany, supported by a vertically integrated manufacturing base. The company utilizes both B2B and direct-to-consumer channels to enhance brand accessibility and consumer engagement.
Birkenstock Holding plc, controlled by Birkenstock Group B.V. & Co. KG, has received a buy rating from UBS. The brand is known for its unisex footbed-based products, including popular silhouettes like Madrid and Arizona, with a proprietary footbed designed to mirror human anatomy. Manufacturing primarily occurs in Germany, with some assembly in other EU countries, utilizing both B2B and direct-to-consumer channels for product access.
Birkenstock Holding plc
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