Birkenstock Holding Plc (NYSE: BIRK) has a price-to-earnings ratio that is above its average at 99.67x. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for BIRK is 25.19M, and at present, short sellers hold a 18.01% of that float. On June 25, 2024, the average trading volume of BIRK was 740.01K shares.
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BIRK) stock’s latest price update
Birkenstock Holding Plc (NYSE: BIRK)’s stock price has dropped by -3.21 in relation to previous closing price of 59.78. Nevertheless, the company has seen a loss of -3.73% in its stock price over the last five trading days. proactiveinvestors.com reported 2024-06-25 that Birkenstock Holding PLC (NYSE:BIRK) shares are set to stumble 5% lower after its major private equity shareholder offloaded a chunk of its stake. L Catterton, the private equity firm that joined forces with French fashion house LVMH to buy the German footwear brand three years ago, Birkenstock said a public offering would be made of 14 million shares, worth $836.9 million at the recent $59.78 share price, with Goldman Sachs and JPMorgan leading the sale and having a 30-day option to sell up to 2.1 million further shares if there is sufficient demand.
BIRK’s Market Performance
Birkenstock Holding Plc (BIRK) has seen a -3.73% fall in stock performance for the week, with a 24.99% gain in the past month and a 26.69% surge in the past quarter. The volatility ratio for the week is 3.02%, and the volatility levels for the past 30 days are at 3.26% for BIRK. The simple moving average for the past 20 days is 0.49% for BIRK’s stock, with a 23.60% simple moving average for the past 200 days.
Analysts’ Opinion of BIRK
Many brokerage firms have already submitted their reports for BIRK stocks, with Exane BNP Paribas repeating the rating for BIRK by listing it as a “Outperform.” The predicted price for BIRK in the upcoming period, according to Exane BNP Paribas is $68 based on the research report published on June 20, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see BIRK reach a price target of $70. The rating they have provided for BIRK stocks is “Buy” according to the report published on June 13th, 2024.
Goldman gave a rating of “Neutral” to BIRK, setting the target price at $58 in the report published on June 12th of the current year.
BIRK Trading at 15.55% from the 50-Day Moving Average
After a stumble in the market that brought BIRK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.42% of loss for the given period.
Volatility was left at 3.26%, however, over the last 30 days, the volatility rate increased by 3.02%, as shares surge +20.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +34.42% upper at present.
During the last 5 trading sessions, BIRK fell by -3.76%, in comparison to the 20-day moving average, which settled at $58.06. In addition, Birkenstock Holding Plc saw 18.74% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for BIRK
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.6 for the gross margin
The net margin for Birkenstock Holding Plc stands at 0.06. The total capital return value is set at 0.07. Equity return is now at value 3.39, with 1.68 for asset returns.
Based on Birkenstock Holding Plc (BIRK), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 0.53. The interest coverage ratio of the stock is 2.4.
Currently, EBITDA for the company is 378.12 million with net debt to EBITDA at 3.27. When we switch over and look at the enterprise to sales, we see a ratio of 7.01. The receivables turnover for the company is 7.78for trailing twelve months and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.87.
Conclusion
To sum up, Birkenstock Holding Plc (BIRK) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
