Birkenstock Holding saw its IBD SmartSelect Composite Rating rise to 97 Thursday, up from 85 the day before.
The upgrade means the stock currently tops 97% 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 launch 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 64.78 entry. Look for the stock to break out in heavy trade at least 40% higher than normal.
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The stock sports a 97 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 97% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.
The company reported a 129% EPS gain for Q4. It has now posted accelerating EPS gains for four consecutive quarters. Revenue growth climbed 28%, up from 17% in the prior report. That marks one quarter of rising revenue gains.
Birkenstock Holding earns the No. 1 rank among its peers in the Apparel-Shoes & Related industry group. Deckers Outdoor and On Holding are also among the group's highest-rated stocks.
