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Birkenstock (BIRK-N)
NYSE:BIRK
57.21
1.69
(3.04%) 1d
Financials
Technical Analysis
This summary was created by AI, based on 1 opinions in the last 12 months.
Experts have mixed opinions on the upcoming IPO of Birkenstock (BIRK-N). While the brand's revenue and earnings have shown strong growth, there are concerns about unit growth, declining net profits, and the potential high valuation after the IPO. The collaboration with Christian Dior and ownership by LVMH are seen as positives, but the increased gross margins and 80% ownership by a private equity firm raise some red flags. Overall, experts advise caution and waiting to see how the stock performs after the IPO before considering an investment.
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Birkenstock(BIRK-N) Rating
Ranking : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
Birkenstock(BIRK-N) Frequently Asked Questions
What is Birkenstock stock symbol?
Birkenstock is a American stock, trading under the symbol BIRK-N on the New York Stock Exchange (BIRK). It is usually referred to as NYSE:BIRK or BIRK-N
Is Birkenstock a buy or a sell?
In the last year, there was no coverage of Birkenstock published on Stockchase.
Is Birkenstock a good investment or a top pick?
Birkenstock was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Birkenstock.
Why is Birkenstock stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Birkenstock worth watching?
In the last year, there was no coverage of Birkenstock published on Stockchase.
What is Birkenstock stock price?
On 2024-07-26, Birkenstock (BIRK-N) stock closed at a price of $57.21.
Will IPO soon. Current owners including LVMH have been aggressively promoting the brand with collaborations with Christian Dior. From 2020-2022, BIRK's average selling price grew 16% annually and another 15% in the first nine months this year. Great revenue growth, but unit growth is up only 5% YOY in the 9 months ending last June. So, this will make raising prices harder. Asia, the Middle East and Africa make up only 10% of overall sales, and he doesn't know where this is headed. But LVMH is good at growing in China. Have increased gross margins from 55% in 2020 to 61% now. Overall, earnings have grown in 2020-22, but net profits declined in the first 9 months of 2023. A private equity firm will 80% of shares--warning. That said, he expects a strong debut because the brand is so famous. It could hit the low-$60s, but most IPO's are inflated, so you should wait after the IPO before considering it. The PE will likely be high vs. peers.