Birkenstock Holding Plc (NYSE: BIRK) is -21.87% 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 $43.64 in the last trading session, with the day’s gains setting it 0.63%.
Currently trading at $44.27, the stock is -8.66% and -18.02% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.94 million and changing 1.44% at the moment leaves the stock -17.28% off its SMA200. BIRK registered -5.51% loss for a year compared to 6-month gain of -4.65%. The firm has a 50-day simple moving average (SMA 50) of $54.0 and a 200-day simple moving average (SMA200) of $53.5207.
The stock witnessed a -22.22% loss in the last 1 month and extending the period to 3 months gives it a -18.25%, and is 1.75% up 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 4.25% over the week and 4.69% over the month.
Birkenstock Holding Plc (BIRK) has around 7400 employees, a market worth around $8.32B and $2.02B in sales. Current P/E ratio is 35.05 and Fwd P/E is 18.44. Profit margin for the company is 11.76%. Distance from 52-week low is 7.98% and -31.66% from its 52-week high. The company has generated returns on investments over the last 12 months (5.62%).
with sales reaching $570.85M over the same period.The EPS is expected to grow by 35.34% this year, but quarterly earnings will post 18.37% year-over-year. Quarterly sales are estimated to grow 18.62% in year-over-year returns.
Birkenstock Holding Plc (BIRK) Top Institutional Holders
296.0 institutions hold shares in Birkenstock Holding Plc (BIRK), with institutional investors hold 105.08% of the company’s shares. The shares outstanding are 187.83M, and float is at 40.09M with Short Float at 17.56%. Institutions hold 98.12% of the Float.
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
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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).
