Birkenstock Holding Plc (NYSE: BIRK) is -0.95% lower on its value in year-to-date trading and has touched a low of $41.00 and a high of $64.78 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BIRK stock was last observed hovering at around $55.21 in the last trading session, with the day’s gains setting it 0.91%.
Currently trading at $56.12, the stock is -3.44% and -1.35% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.6 million and changing 1.65% at the moment leaves the stock 5.50% off its SMA200. BIRK registered 17.26% gain for a year compared to 6-month loss of -4.33%. The firm has a 50-day simple moving average (SMA 50) of $56.7752 and a 200-day simple moving average (SMA200) of $53.1392.
The stock witnessed a -0.95% gain in the last 1 month and extending the period to 3 months gives it a 20.38%, and is -0.55% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.46% over the week and 3.50% over the month.
Birkenstock Holding Plc (BIRK) has around 7400 employees, a market worth around $10.54B and $1.96B in sales. Current P/E ratio is 50.66 and Fwd P/E is 24.64. Profit margin for the company is 10.63%. Distance from 52-week low is 36.88% and -13.37% from its 52-week high. The company has generated returns on investments over the last 12 months (4.73%).
with sales reaching $356.18M over the same period.The EPS is expected to grow by 34.77% this year, but quarterly earnings will post 17.87% year-over-year. Quarterly sales are estimated to grow 17.58% in year-over-year returns.
The shares outstanding are 187.83M, and float is at 39.99M with Short Float at 14.23%.
The top institutional shareholder in the company is CATTERTON MANAGEMENT COMPANY, L.L.C. with over 137.51 million shares valued at $7.48 billion. The investor’s holdings represent 73.2101 of the BIRK Shares outstanding. As of 2024-06-30, the second largest holder is T. ROWE PRICE INVESTMENT MANAGEMENT, INC. with 3.3 million shares valued at $179.49 million to account for 1.7563 of the shares outstanding. The other top investors are NORGES BANK which holds 3.18 million shares representing 1.6924 and valued at over $172.96 million, while DURABLE CAPITAL PARTNERS LP holds 1.663 of the shares totaling 3.12 million with a market value of $169.96 million.
Birkenstock Holding Plc (BIRK) Insider Activity
Still, SEC filings show that on Aug 30 ’24, Christian Heesch (Officer) Proposed Sale 25,000 shares at an average price of $61.97 for $1.55 million. The insider now directly holds shares of Birkenstock Holding Plc (BIRK).
