Birkenstock Holding saw its IBD SmartSelect Composite Rating jump to 96 Friday, up from 93 the day before.
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The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The best stocks tend to have a 95 or better grade as they start a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Birkenstock Holding is currently forming a cup without handle, with a 62.66 buy point. See if the stock can break out in volume at least 40% above average.
The stock sports a 99 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 99% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors over the last 13 weeks.
In Q2, the company reported 34% earnings growth. Top line growth climbed 20%, up from 12% in the prior quarter. That marks one quarter of increasing revenue growth.
Birkenstock Holding earns the No. 1 rank among its peers in the Apparel-Shoes & Related industry group. On Holding and Weyco Group are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
