BUZZ-Analysts lift PT on Birkenstock after Q4 revenue beat

Reuters

Dec 19, 2024

** Brokerages are optimistic on Birkenstock BIRK.N after the German footwear maker beat Q4 estimates; lift PT

** BIRK on Wednesday beat Q4 market expectations on robust demand for its pricey footwear and forecast a recovery in margins in fiscal 2025

** At least eight brokerages lift PT on stock following results

** J.P.Morgan says co's blend of brand heritage, "engineered distribution", and a loyal customer base, with the average U.S. customer owning 3.6 pairs, underscores its market strength

** Brokerage BTIG sees robust demand in direct-to-consumer $(DTC.AU)$ sales and momentum in closed-toe footwear, driving overall business growth in 2024

** 18 of 21 brokerages rate the stock "buy" or higher, three "hold"; median PT is $70- LSEG

** Up to Wednesday's close, stock had risen 17.3% YTD

(Reporting by Akriti Shah in Bengaluru)

((akriti.shah@thomsonreuters.com))

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lift PT</p><p>** BIRK on Wednesday beat Q4 market <span>expectations</span> on robust demand for its pricey footwear and forecast a recovery in margins in fiscal 2025 </p><p>** At least eight brokerages lift PT on stock following results </p><p>** J.P.Morgan says co's blend of brand heritage, \"engineered distribution\", and a loyal customer base, with the average U.S. customer owning 3.6 pairs, underscores its market strength</p><p>     ** Brokerage BTIG sees robust demand in direct-to-consumer <a href=\"https://laohu8.com/S/DTC.AU\">$(DTC.AU)$</a> sales and momentum in closed-toe footwear, driving overall business growth in 2024</p><p>** 18 of 21 brokerages rate the stock \"buy\" or higher, three \"hold\"; median PT is $70- LSEG</p><p>** Up to Wednesday's close, stock had risen 17.3% YTD</p><p> (Reporting by Akriti Shah in Bengaluru)</p><p> ((akriti.shah@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BIRK","symbol_name":"勃肯","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241219:nL4N3NK0UT:1","article_id":"2492124097","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492124097","pubTimestamp":1734611893,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Analysts lift PT on Birkenstock after Q4 revenue beat ** Brokerages are optimistic on Birkenstock BIRK.N after the German footwear maker beat Q4 estimates; 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