BIRK Stock Summary and Trading Ideas (Birkenstock Holding PLC | NYSE:BIRK)

Birkenstock Holding PLC is a company that manufactures and sells footbed-based products, including sandals, closed-toe silhouettes, and other products, such as skincare and accessories, for everyday, leisure, and work. The company operates in four operating segments based on its regional hubs: Americas, Europe and APMA (Asia Pacific, Middle East and Africa). The company sells its products through two main channels: business-to-business (B2B) and direct-to-consumer (DTC).

Birkenstock Holding PLC trades on the NYSE stock market under the symbol BIRK.

As of October 31, 2024, BIRK stock price declined to $46.00 with 1,052,734 million shares trading.

BIRK has a beta of 1.33, meaning it tends to be more sensitive to market movements. BIRK has a correlation of 0.14 to the broad based SPY ETF.

BIRK has a market cap of $8.64 billion. This is considered a Mid Cap stock.

Last quarter Birkenstock Holding PLC reported $608 million in Revenue and $.53 earnings per share. This fell short of revenue expectation by $-24 million and missed earnings estimates by -$.05.

The top ETF exchange traded funds that BIRK belongs to (by Net Assets): IWR, IWD, IWS, SPDW, IPO.

BIRK has underperformed the market in the last year with a price return of +19.4% while the SPY ETF gained +38.5%. BIRK has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -21.9% and -8.7%, respectively, while the SPY returned +5.2% and -2.3%, respectively.

BIRK support price is $45.81 and resistance is $47.65 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BIRK shares will trade within this expected range on the day.