Birkenstock Holding Plc (NYSE: BIRK) is -16.70% 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 $46.32 in the last trading session, with the day’s gains setting it 0.88%.
Currently trading at $47.20, the stock is 3.39% and -7.91% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.32 million and changing 1.90% at the moment leaves the stock -10.66% off its SMA200. BIRK registered 1.31% gain for a year compared to 6-month loss of -4.24%. The firm has a 50-day simple moving average (SMA 50) of $51.2564 and a 200-day simple moving average (SMA200) of $52.83.
The stock witnessed a 0.55% gain in the last 1 month and extending the period to 3 months gives it a -18.18%, and is 0.81% 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 4.36% over the week and 4.45% over the month.
Birkenstock Holding Plc (BIRK) has around 7400 employees, a market worth around $8.87B and $2.02B in sales. Current P/E ratio is 37.37 and Fwd P/E is 19.72. Profit margin for the company is 11.76%. Distance from 52-week low is 15.12% and -27.14% from its 52-week high. The company has generated returns on investments over the last 12 months (5.62%).
The EPS is expected to grow by 35.67% this year
295.0 institutions hold shares in Birkenstock Holding Plc (BIRK), with institutional investors hold 105.07% of the company’s shares. The shares outstanding are 187.83M, and float is at 40.09M with Short Float at 17.16%. Institutions hold 98.10% 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
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).
