Treasurer of the State of North Carolina Invests $643,000 in Birkenstock Holding plc (NYSE:BIRK)

Treasurer of the State of North Carolina bought a new position in Birkenstock Holding plc (NYSE:BIRKFree Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 13,190 shares of the company’s stock, valued at approximately $643,000.

A number of other institutional investors have also recently bought and sold shares of BIRK. Venturi Wealth Management LLC acquired a new stake in shares of Birkenstock during the 4th quarter valued at about $83,000. Connable Office Inc. acquired a new stake in Birkenstock during the fourth quarter valued at approximately $216,000. Amalgamated Bank bought a new stake in shares of Birkenstock in the 4th quarter valued at approximately $233,000. New York State Common Retirement Fund acquired a new position in shares of Birkenstock in the 4th quarter worth approximately $1,067,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Birkenstock during the 4th quarter worth approximately $1,886,000. Institutional investors and hedge funds own 19.93% of the company’s stock.

Analyst Ratings Changes

BIRK has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their price target on Birkenstock from $56.00 to $64.00 and gave the company an “overweight” rating in a research report on Monday, June 3rd. Piper Sandler increased their target price on shares of Birkenstock from $56.50 to $61.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. Telsey Advisory Group reissued an “outperform” rating and set a $56.00 price target on shares of Birkenstock in a report on Thursday, May 30th. UBS Group upped their price objective on shares of Birkenstock from $51.00 to $52.00 and gave the stock a “neutral” rating in a research note on Monday, March 4th. Finally, Stifel Nicolaus lifted their target price on shares of Birkenstock from $54.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, May 31st. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.26.

Read Our Latest Stock Report on Birkenstock

Birkenstock Stock Performance

BIRK opened at $57.88 on Friday. The company has a fifty day moving average price of $47.02 and a two-hundred day moving average price of $47.36. The company has a quick ratio of 1.13, a current ratio of 2.87 and a debt-to-equity ratio of 0.56. Birkenstock Holding plc has a 52 week low of $35.83 and a 52 week high of $59.77.

Birkenstock (NYSE:BIRKGet Free Report) last released its quarterly earnings data on Thursday, May 30th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.09. The company had revenue of $522.51 million during the quarter, compared to the consensus estimate of $499.98 million. On average, sell-side analysts forecast that Birkenstock Holding plc will post 1.33 EPS for the current year.

About Birkenstock

(Free Report)

Birkenstock Holding plc manufactures and sells footwear products. It also offers sandals, shoes, closed-toe silhouettes, skincare products, and accessories. The company sells its products through e-commerce sites and a network of owned retail stores, as well as business-to-business channels. It operates in the United States, Brazil, Canada, Mexico, Europe, APMA, and internationally.

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Institutional Ownership by Quarter for Birkenstock (NYSE:BIRK)

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