Birkenstock: Decelerating Growth And Inflated Valuations Do Not Mix Well [Seeking Alpha]
Birkenstock Holding plc (BIRK)
Company Research
Source: Seeking Alpha
WideAlpha 5.37K Follower s Follow Summary Birkenstock's shares trade at a very high valuation despite decelerating revenue growth, contracting gross profit margins, and insiders selling. The company's third-quarter results missed revenue and profit expectations, and forward guidance was weak. Birkenstock's strategy of creating artificial scarcity is risky and could backfire, giving competitors an opportunity to capture unmet demand. Despite generating significant cash flow and reducing net debt, the high valuation, and potential governance issues remain major concerns. BalkansCat We wrote an article shortly after Birkenstock Holding plc ( NYSE: BIRK ) went public where we shared our skepticism about the company's valuation. There is no doubt that they own a valuable brand for which many consumers are willing to pay a premium, but that was already reflected in the share price and then some. While shares are trading at a slightly higher price today, they have signific
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BIRK
News
- Birkenstock Holding plc (NYSE: BIRK) had its "outperform" rating re-affirmed by analysts at Telsey Advisory Group. They now have a $70.00 price target on the stock.MarketBeat
- Birkenstock Announces September Conference ParticipationAccesswire
- Earnings Miss: Birkenstock Holding plc Missed EPS By 20% And Analysts Are Revising Their Forecasts [Yahoo! Finance]Yahoo! Finance
- Birkenstock Holding plc (NYSE: BIRK) had its "outperform" rating re-affirmed by analysts at BMO Capital Markets. They now have a $60.00 price target on the stock.MarketBeat
- Birkenstock Holding plc (NYSE: BIRK) had its "outperform" rating re-affirmed by analysts at Telsey Advisory Group. They now have a $70.00 price target on the stock.MarketBeat
BIRK
Earnings
- 8/29/24 - Miss
BIRK
Sec Filings
- 9/13/24 - Form 144
- 9/12/24 - Form 144
- 8/30/24 - Form 144
- BIRK's page on the SEC website