Gaining Ground: Birkenstock Holding Plc (BIRK) Closes Higher at 46.43, Up 3.66

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The price of Birkenstock Holding Plc (NYSE: BIRK) closed at $46.43 in the last session, up 3.66% from day before closing price of $44.79. In other words, the price has increased by $3.66 from its previous closing price. On the day, 2.49 million shares were traded. BIRK stock price reached its highest trading level at $46.695 during the session, while it also had its lowest trading level at $44.715.

Ratios:

We take a closer look at BIRK’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 20.12 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 33.24. For the most recent quarter (mrq), Quick Ratio is recorded 1.49 and its Current Ratio is at 2.91. In the meantime, Its Debt-to-Equity ratio is 0.57 whereas as Long-Term Debt/Eq ratio is at 0.55.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Telsey Advisory Group on August 23, 2024, Reiterated its Outperform rating but revised its target price to $70 from $63 previously.

On July 25, 2024, BofA Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $62 to $65.

UBS Upgraded its Neutral to Buy on July 01, 2024, whereas the target price for the stock was revised from $52 to $85.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Sep 12 ’24 when Erik Massmann bought 35,000 shares for $44.79 per share.

Christian Heesch bought 25,000 shares of BIRK for $1,549,250 on Aug 30 ’24. On Aug 30 ’24, another insider, Kahan David, who serves as the Officer of the company, bought 161,153 shares for $50.90 each.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BIRK now has a Market Capitalization of 8720900096 and an Enterprise Value of 9837493248. As of this moment, Birkenstock’s Price-to-Earnings (P/E) ratio for their current fiscal year is 73.41, and their Forward P/E ratio for the next fiscal year is 24.18. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.95. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.68 while its Price-to-Book (P/B) ratio in mrq is 3.08. Its current Enterprise Value per Revenue stands at 5.708 whereas that against EBITDA is 23.687.

Stock Price History:

Over the past 52 weeks, BIRK has reached a high of $64.78, while it has fallen to a 52-week low of $35.83. The 50-Day Moving Average of the stock is -16.98%, while the 200-Day Moving Average is calculated to be -7.84%.

Shares Statistics:

According to the various share statistics, BIRK traded on average about 1.37M shares per day over the past 3-months and 2388890 shares per day over the past 10 days. A total of 182.72M shares are outstanding, with a floating share count of 58.18M. Insiders hold about 69.03% of the company’s shares, while institutions hold 25.21% stake in the company. Shares short for BIRK as of 1724976000 were 4844636 with a Short Ratio of 3.52, compared to 1722384000 on 3511663. Therefore, it implies a Short% of Shares Outstanding of 4844636 and a Short% of Float of 13.63.

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