Alaska Permanent Fund Corp Makes New Investment in Birkenstock Holding plc (NYSE:BIRK)

Alaska Permanent Fund Corp acquired a new stake in Birkenstock Holding plc (NYSE:BIRK - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 62,688 shares of the company's stock, valued at approximately $2,962,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BIRK. Blackstone Inc. purchased a new stake in Birkenstock during the 4th quarter worth about $3,411,000. Ghisallo Capital Management LLC purchased a new stake in Birkenstock during the fourth quarter worth approximately $4,873,000. Capital International Ltd. CA acquired a new position in Birkenstock in the fourth quarter valued at approximately $1,909,000. New York State Common Retirement Fund purchased a new position in Birkenstock in the fourth quarter valued at approximately $1,067,000. Finally, Treasurer of the State of North Carolina purchased a new stake in shares of Birkenstock during the 4th quarter worth approximately $643,000. 19.93% of the stock is owned by institutional investors and hedge funds.

Birkenstock Stock Up 0.5 %

NYSE BIRK traded up $0.33 on Friday, hitting $61.47. 1,071,298 shares of the company's stock were exchanged, compared to its average volume of 758,494. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 2.87. Birkenstock Holding plc has a fifty-two week low of $35.83 and a fifty-two week high of $61.83. The firm's 50-day moving average price is $50.18 and its two-hundred day moving average price is $48.43.

Birkenstock (NYSE:BIRK - Get Free Report) last released its earnings results on Thursday, May 30th. The company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.09. The business had revenue of $522.51 million during the quarter, compared to analyst estimates of $499.98 million. On average, sell-side analysts anticipate that Birkenstock Holding plc will post 1.34 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on BIRK. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $56.00 target price on shares of Birkenstock in a research report on Thursday, May 30th. The Goldman Sachs Group lowered Birkenstock from a "buy" rating to a "neutral" rating and raised their price objective for the stock from $54.20 to $58.00 in a report on Wednesday, June 12th. Robert W. Baird lifted their target price on Birkenstock from $58.00 to $65.00 and gave the stock an "outperform" rating in a research report on Friday, May 31st. UBS Group boosted their target price on Birkenstock from $51.00 to $52.00 and gave the company a "neutral" rating in a report on Monday, March 4th. Finally, Bank of America raised their price target on Birkenstock from $54.00 to $62.00 and gave the stock a "neutral" rating in a research note on Friday, May 31st. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $56.62.

Birkenstock Company 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.