Northern Trust Corp Acquires 7,498 Shares of Birkenstock Holding plc (NYSE:BIRK)

Northern Trust Corp increased its position in shares of Birkenstock Holding plc (NYSE:BIRK - Free Report) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,027 shares of the company's stock after purchasing an additional 7,498 shares during the quarter. Northern Trust Corp's holdings in Birkenstock were worth $4,251,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Signaturefd LLC lifted its position in Birkenstock by 642.6% during the fourth quarter. Signaturefd LLC now owns 505 shares of the company's stock worth $29,000 after purchasing an additional 437 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Birkenstock during the fourth quarter worth about $34,000. NewEdge Advisors LLC acquired a new position in Birkenstock during the fourth quarter worth about $45,000. Quarry LP raised its stake in Birkenstock by 120.3% during the fourth quarter. Quarry LP now owns 1,097 shares of the company's stock worth $62,000 after acquiring an additional 599 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in Birkenstock during the fourth quarter worth about $76,000. Institutional investors own 19.93% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on BIRK. Telsey Advisory Group reissued an "outperform" rating and set a $70.00 target price on shares of Birkenstock in a research note on Thursday, May 15th. Robert W. Baird boosted their target price on Birkenstock from $65.00 to $70.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. BMO Capital Markets boosted their target price on Birkenstock from $70.00 to $75.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Stifel Nicolaus boosted their target price on Birkenstock from $62.00 to $70.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Finally, Bank of America boosted their target price on Birkenstock from $70.00 to $73.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $67.19.

Birkenstock Trading Down 3.2%

NYSE:BIRK traded down $1.78 on Friday, reaching $53.27. 2,801,856 shares of the stock traded hands, compared to its average volume of 1,506,439. The firm has a market capitalization of $10.01 billion, a price-to-earnings ratio of 42.96, a price-to-earnings-growth ratio of 1.02 and a beta of 1.56. The company's 50 day moving average is $49.40 and its 200-day moving average is $51.95. The company has a current ratio of 2.84, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. Birkenstock Holding plc has a 1-year low of $40.56 and a 1-year high of $64.78.

Birkenstock (NYSE:BIRK - Get Free Report) last released its earnings results on Thursday, May 15th. The company reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. The business had revenue of $623.54 million during the quarter, compared to the consensus estimate of $567.84 million. Birkenstock had a net margin of 11.73% and a return on equity of 9.52%. The company's revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.38 EPS. Equities research analysts anticipate that Birkenstock Holding plc will post 1.77 EPS for the current fiscal year.

About Birkenstock

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.