While Birkenstock Holding Plc has underperformed by -0.16%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BIRK rose by 12.76%, with highs and lows ranging from $64.78 to $39.10, whereas the simple moving average fell by -11.48% in the last 200 days.
On October 10, 2024, BTIG Research started tracking Birkenstock Holding Plc (NYSE: BIRK) recommending Buy. A report published by Telsey Advisory Group on August 23, 2024, Reiterated its previous ‘Outperform’ rating for BIRK. BofA Securities also Upgraded BIRK shares as ‘Buy’, setting a target price of $65 on the company’s shares in a report dated July 25, 2024. UBS July 01, 2024d the rating to Buy on July 01, 2024, and set its price target from $52 to $85. Citigroup initiated its ‘Buy’ rating for BIRK, as published in its report on July 01, 2024. Exane BNP Paribas’s report from June 20, 2024 suggests a price prediction of $68 for BIRK shares, giving the stock a ‘Outperform’ rating. Deutsche Bank also rated the stock as ‘Buy’.
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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.
Birkenstock Holding Plc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. 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.
The average volume for any stock is also a very valuable indicator of volatility, and BIRK has an average volume of 1.36M. On a monthly basis, the volatility of the stock is set at 2.86%, whereas on a weekly basis, it is put at 3.85%, with a loss of -4.80% over the past seven days. Furthermore, long-term investors anticipate a median target price of $64.85, showing growth from the present price of $44.79, 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?
Footwear & Accessories giant Birkenstock Holding Plc (BIRK) is based in the United Kingdom and is one of the largest companies in the market. 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 70.81, there is a growth in quarterly earnings of 13.81%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 24.02% 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 24.02% at present.
