Baird raised the firm’s price target on Birkenstock to $58 from $54 and keeps an Outperform rating on the shares. The firm said they delivered EPS in-line with street expectations as higher sales offset slightly lower margins. Management expressed increased confidence in 2024, but left guidance unchanged.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on BIRK:
- Notable companies reporting before tomorrow’s open
- CROX, BIRK, SKX: Which Footwear Stock Can Run the Most?
- Soros buys Birkenstock and Merck, exits LPL Financial and General Motors
- Short Report: Bears squeeze MicroStrategy as shares track bitcoin higher
- Short Report: Bears reduce exposure to Celsius Holdings