Birkenstock Holdings Ltd (BIRK)

[TRUISM]

Birkenstock Holding (NYSE:BIRK) Quiet Period To Expire Tomorrow
Posted by Techdows on Nov 19th, 2023
TECHDOWS





Birkenstock’s (NYSE:BIRK – Get Free Report) quiet period is set to expire on Monday, November 20th. Birkenstock had issued 32,258,064 shares in its initial public offering on October 11th.

The total size of the offering was $1,483,870,944 based on an initial share price of $46.00. During Birkenstock’s quiet period, insiders and underwriters involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission.

Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Upgrades and Downgrades

BIRK has been the subject of several recent analyst reports. Robert W. Baird initiated coverage on shares of Birkenstock in a research note on Monday, November 6th. They issued an “outperform” rating and a $48.00 target price for the company.

Evercore ISI assumed coverage on shares of Birkenstock in a research report on Tuesday, November 7th. They issued an “outperform” rating and a $47.00 target price for the company. Citigroup assumed coverage on shares of Birkenstock in a research report on Monday, November 6th.

They issued a “buy” rating and a $52.00 target price for the company. Morgan Stanley started coverage on shares of Birkenstock in a research report on Monday, November 6th. They issued an “equal weight” rating and a $41.00 target price for the company. Finally, Piper Sandler began coverage on shares of Birkenstock in a research note on Monday, November 6th. They issued an “overweight” rating and a $50.00 price target for the company.

Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Birkenstock currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.54.

NYSE BIRK opened at $41.79 on Friday. Birkenstock has a 1 year low of $35.83 and a 1 year high of $43.40.

Birkenstock Holding plc manufactures and sells footwear products. It offers sandals, shoes, closed-toe silhouettes, skincare products, and accessories for men, women, and kids. The company sells its products through online and retail stores. It operates in the Americas, Europe, the Asia Pacific, the Middle East, and Africa.



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