Last Updated: 19 Sep 2024
Executive Summary
Birkenstock Holding plc (BIRK) is a leading manufacturer and retailer of footwear products. The company has a strong brand presence and a loyal customer base. BIRK's financial performance has been solid in recent years, with revenue and earnings growing steadily. The company's stock price has also performed well, outperforming the broader market.
Company Overview
Birkenstock was founded in 1774 in Germany. The company initially produced orthopedic insoles, but later expanded into the production of sandals and other footwear. Birkenstock's products are known for their comfort and durability. The company has a global presence, with operations in over 100 countries.
Fundamental Analysis
BIRK's financial performance has been solid in recent years. The company's revenue has grown from $1.3 billion in 2019 to $1.7 billion in 2023. Earnings per share have also grown steadily, from $0.45 in 2019 to $0.66 in 2023.
BIRK's financial ratios are also healthy. The company has a strong balance sheet, with a debt-to-equity ratio of 0.35. The company's profit margin is also healthy, at 6.43%.
Technical Analysis
BIRK's stock price has performed well in recent years. The stock price has risen from $35.83 in 2023 to $47.86 in 2024. The stock price is currently trading above its 50-day and 200-day moving averages.
Short Term Outlook
BIRK's short-term outlook is positive. The company is expected to continue to benefit from strong demand for its products. The company's financial performance is also expected to remain solid.
Long Term Outlook
BIRK's long-term outlook is also positive. The company is well-positioned to continue to grow its business. The company's brand presence and loyal customer base are valuable assets.
Analyst Recommendations
Analysts are generally positive on BIRK. The consensus analyst rating is "Buy." The average analyst target price is $67.36.
Conclusion
Birkenstock Holding plc is a well-run company with a strong brand presence and a loyal customer base. The company's financial performance has been solid in recent years, and the stock price has performed well. BIRK is a good investment for investors looking for a long-term growth stock.
