Teacher Retirement System of Texas Takes Position in Birkenstock Holding plc (NYSE:BIRK)

Teacher Retirement System of Texas acquired a new position in Birkenstock Holding plc (NYSE:BIRK - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 40,000 shares of the company's stock, valued at approximately $1,949,000.

Other institutional investors have also added to or reduced their stakes in the company. New York State Common Retirement Fund purchased a new position in Birkenstock in the fourth quarter valued at about $1,067,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Birkenstock in the fourth quarter valued at about $1,886,000. Federated Hermes Inc. purchased a new position in Birkenstock in the fourth quarter valued at about $27,152,000. Venturi Wealth Management LLC purchased a new position in Birkenstock in the fourth quarter valued at about $83,000. Finally, Amalgamated Bank purchased a new position in Birkenstock in the fourth quarter valued at about $233,000. 19.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Piper Sandler boosted their target price on shares of Birkenstock from $56.50 to $61.00 and gave the company an "overweight" rating in a research note on Friday, March 1st. Robert W. Baird upped their price target on shares of Birkenstock from $54.00 to $58.00 and gave the company an "outperform" rating in a research note on Friday, March 1st. UBS Group upped their price target on shares of Birkenstock from $51.00 to $52.00 and gave the company a "neutral" rating in a research note on Monday, March 4th. Telsey Advisory Group cut shares of Birkenstock from an "outperform" rating to a "market perform" rating and set a $56.00 price target on the stock. in a research note on Thursday, February 29th. Finally, BMO Capital Markets upped their price target on shares of Birkenstock from $50.00 to $54.00 and gave the company an "outperform" rating in a research note on Friday, March 1st. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Birkenstock presently has an average rating of "Moderate Buy" and an average price target of $49.15.

Birkenstock Stock Up 2.3 %

Shares of BIRK stock traded up $1.07 on Friday, hitting $47.20. 466,917 shares of the company's stock traded hands, compared to its average volume of 478,440. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.85 and a quick ratio of 1.28. Birkenstock Holding plc has a one year low of $35.83 and a one year high of $55.00. The company's fifty day simple moving average is $45.24 and its 200 day simple moving average is $46.18.

Birkenstock (NYSE:BIRK - Get Free Report) last released its earnings results on Thursday, February 29th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). The company had revenue of $303.00 million for the quarter, compared to the consensus estimate of $289.09 million. The business's revenue for the quarter was up 21.9% on a year-over-year basis. On average, sell-side analysts forecast that Birkenstock Holding plc will post 1.29 earnings per share for the current fiscal year.

Birkenstock Profile

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.