While Birkenstock Holding Plc has underperformed by -1.08%, investors are advised to look at stock chart patterns for technical insight.
On August 23, 2024, Telsey Advisory Group Reiterated Birkenstock Holding Plc (NYSE: BIRK) to Outperform. A report published by BofA Securities on July 25, 2024, Upgraded its rating to ‘Buy’ for BIRK. UBS also Upgraded BIRK shares as ‘Buy’, setting a target price of $85 on the company’s shares in a report dated July 01, 2024. Citigroup Initiated an Buy rating on July 01, 2024, and assigned a price target of $65. Exane BNP Paribas initiated its ‘Outperform’ rating for BIRK, as published in its report on June 20, 2024. Deutsche Bank’s report from June 13, 2024 suggests a price prediction of $70 for BIRK shares, giving the stock a ‘Buy’ rating. Goldman also rated the stock as ‘Neutral’.
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Analysis of Birkenstock Holding Plc (BIRK)
Further, the quarter-over-quarter increase in sales is 18.06%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Birkenstock Holding Plc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 4.42% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.49, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 1.35M can be a very valuable indicator of volatility for BIRK stock. On a monthly basis, the volatility of the stock is set at 3.43%, whereas on a weekly basis, it is put at 2.80%, with a loss of -3.85% over the past seven days. Furthermore, long-term investors anticipate a median target price of $67.38, showing growth from the present price of $47.45, which can serve as yet another indication of whether BIRK is worth investing in or should be passed over.
How Do You Analyze Birkenstock Holding Plc Shares?
The United Kingdom based company Birkenstock Holding Plc (BIRK) is one of the biggest names in Footwear & Accessories. When comparing Birkenstock Holding Plc shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 75.02, there is a growth in quarterly earnings of 13.81%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 69.03%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 23.91% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
BIRK shares are owned by institutional investors to the tune of 23.91% at present.
