Birkenstock Holding Plc (NYSE: BIRK) is -5.08% lower on its value in year-to-date trading and has touched a low of $40.56 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 $53.43 in the last trading session, with the day’s gains setting it 0.35%.
Currently trading at $53.78, the stock is -0.44% and 7.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.58 million and changing 0.66% at the moment leaves the stock 4.06% off its SMA200. BIRK registered 9.35% gain for a year compared to 6-month gain of 5.82%. The firm has a 50-day simple moving average (SMA 50) of $50.035 and a 200-day simple moving average (SMA200) of $51.68325.
The stock witnessed a 4.57% loss in the last 1 month and extending the period to 3 months gives it a 8.69%, and is -2.31% 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 1.41% over the week and 2.00% over the month.
Birkenstock Holding Plc (BIRK) has around 7400 employees, a market worth around $10.10B and $2.10B in sales. Current P/E ratio is 37.40 and Fwd P/E is 22.07. Profit margin for the company is 12.87%. Distance from 52-week low is 32.60% and -16.98% from its 52-week high. The company has generated returns on investments over the last 12 months (6.08%).
The EPS is expected to grow by 32.84% this year.
Birkenstock Holding Plc (BIRK) Top Institutional Holders
296.0 institutions hold shares in Birkenstock Holding Plc (BIRK), with institutional investors hold 106.70% of the company’s shares. The shares outstanding are 187.83M, and float is at 39.97M with Short Float at 20.24%. Institutions hold 99.63% 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).
