Birkenstock shares tumble as Q3 results fall short; annual guidance reaffirmed
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Birkenstock Holding plc (BIRK) PT Lowered to $70 at Evercore ISI
August 29, 2024 4:31 PM EDTEvercore ISI analyst Michael Binetti lowered the price target on Birkenstock Holding plc (NYSE: BIRK) to $70.00 (from $77.00) while maintaining a Outperform rating.
The analyst comments "Bottom Line: Were buyers and think BIRKs pullback on F3Q results creates an opportunity.... More
Goldman Sachs Reiterates Neutral Rating on Birkenstock Holding plc (BIRK)
August 29, 2024 4:16 PM EDTGoldman Sachs analyst Louise Singlehurst reiterated a Neutral rating and $58.50 price target on Birkenstock Holding plc (NYSE: BIRK).
The analyst comments "BIRK reported a robust 3Q24 with cFx sales growth of +19% but this was just light of expectations (Visible Alpha Consensus Data +21% and GSE +20%). The B2B division outperformed but there was... More
Morgan Stanley Reiterates Equalweight Rating on Birkenstock Holding plc (BIRK)
August 29, 2024 6:35 AM EDTMorgan Stanley analyst Edouard Aubin reiterated an Equalweight rating and $58.00 price target on Birkenstock Holding plc (NYSE: BIRK).
The analyst comments "Birkenstock reported 3Q24 results (its biggest quarter) this morning, with sales of 565m with +19% CER (-0.5% vs. consensus at 568m and +19.9% CER) and Adj. EBITDA of 186m (vs. css 187m). The slight... More
Birkenstock Holding (BIRK) Misses Q3 EPS by 12c; reaffirms guidance
August 29, 2024 5:20 AM EDTBirkenstock Holding (NYSE: BIRK) reported Q3 EPS of $0.40, $0.12 worse than the analyst estimate of $0.52. Revenue for the quarter came in at $564.8 million versus the consensus estimate of $566.15 million.
"The Company confirms its fiscal 2024 guidance for revenue growth of approximately 19% on a... More
