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J.P. Morgan Remains a Buy on Birkenstock Holding plc (BIRK)

Tipranks - Wed Jan 21, 6:40AM CST

J.P. Morgan analyst Matthew Boss maintained a Buy rating on Birkenstock Holding plc today and set a price target of $52.00.

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Boss covers the Consumer Cyclical sector, focusing on stocks such as Boot Barn, Lululemon Athletica, and Ross Stores. According to TipRanks, Boss has an average return of 7.4% and a 57.03% success rate on recommended stocks.

In addition to J.P. Morgan, Birkenstock Holding plc also received a Buy from TipRanks – OpenAI’s OpenAI Apparel – Footwear and Accessories in a report issued yesterday. However, on January 18, Seaport Global initiated coverage with a Hold rating on Birkenstock Holding plc (NYSE: BIRK).

Based on Birkenstock Holding plc’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $526.34 million and a net profit of $93.87 million. In comparison, last year the company earned a revenue of $455.76 million and had a net profit of $52.47 million

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