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Evercore ISI Remains a Buy on Birkenstock Holding plc (BIRK)

Tipranks - Tipranks - Wed Jan 28, 8:00AM CST

Evercore ISI analyst Michael Binetti maintained a Buy rating on Birkenstock Holding plc yesterday and set a price target of $54.00. The company’s shares closed yesterday at $39.54.

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Binetti covers the Consumer Cyclical sector, focusing on stocks such as Ferrari, Lululemon Athletica, and Birkenstock Holding plc. According to TipRanks, Binetti has an average return of 6.9% and a 55.49% success rate on recommended stocks.

In addition to Evercore ISI, Birkenstock Holding plc also received a Buy from TipRanks – Anthropic’s Anthropic Apparel – Footwear and Accessories in a report issued on January 23. However, on January 18, Seaport Global initiated coverage with a Hold rating on Birkenstock Holding plc (NYSE: BIRK).

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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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