Birkenstock Steps Up in Q4, Stock Surges

Shares of Birkenstock Holdings PLC (NYSE:BIRK) are up 8.8% at $61.00 at last glance, earlier as high as $62.45, after the footwear retailer posted better-than-expected fiscal fourth-quarter earnings and revenue. Close-toed clogs were all the rage this year, helping to boost sales. In response, Piper Sandler lifted its price target to $70, or a 15% premium to BIRK's current perch. Today's pop has Birkenstock stock trading at its highest levels since its August 26 record high of $64.78. The stock has only bee ...