While Birkenstock Holding Plc has underperformed by -3.11%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BIRK fell by -3.61%, with highs and lows ranging from $64.78 to $41.00, whereas the simple moving average fell by -8.28% in the last 200 days.
On December 18, 2024, BTIG Research Reiterated Birkenstock Holding Plc (NYSE: BIRK) to Buy. A report published by Piper Sandler on December 10, 2024, Initiated its previous ‘Overweight’ rating for BIRK. HSBC Securities also Upgraded BIRK shares as ‘Buy’, setting a target price of $60 on the company’s shares in a report dated December 03, 2024. BTIG Research Initiated an Buy rating on October 10, 2024, and assigned a price target of $60. Telsey Advisory Group resumed its ‘Outperform’ rating for BIRK, as published in its report on August 23, 2024. BofA Securities’s report from July 25, 2024 suggests a price prediction of $65 for BIRK shares, giving the stock a ‘Buy’ rating. UBS also rated the stock as ‘Buy’.
Analysis of Birkenstock Holding Plc (BIRK)
Further, the quarter-over-quarter increase in sales is 18.44%, showing a positive trend in the upcoming months.
One of the most important indicators of Birkenstock Holding Plc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 8.52% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.08, 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.
For any stock, average volume can also provide valuable insight into volatility, and BIRK is recording 1.57M average volume. On a monthly basis, the volatility of the stock is set at 3.83%, whereas on a weekly basis, it is put at 3.84%, with a loss of -9.00% over the past seven days. Furthermore, long-term investors anticipate a median target price of $70.72, showing growth from the present price of $49.16, 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 Footwear & Accessories market is dominated by Birkenstock Holding Plc (BIRK) based in the United Kingdom. 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 38.93, there is a growth in quarterly earnings of 378.78%.
Along with the fundamentals, it is also important to consider how many employees own shares of 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 78.66%. 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 25.49% 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 25.49% at present.
