The IBD SmartSelect Composite Rating for On Holding increased from 94 to 96 Friday.
The new rating shows the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. Winning stocks often have a 95 or higher rating in the early stages of a new price run, so that's an important benchmark to look for when looking for the best stocks to buy and watch.
On Holding is currently extended beyond a proper buy zone after clearing the 52.80 buy point in a flat base.
Discover The 3 Keys To Successful Stock Investing
The stock earns an 89 EPS Rating, meaning its recent quarterly and annual earnings growth tops 89% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q3, the company posted -18% earnings growth. Sales growth rose 43%, up from 27% in the prior quarter. That marks two quarters of rising growth.
On Holding earns the No. 3 rank among its peers in the Apparel-Shoes & Related industry group. Birkenstock Holding is the No. 1-ranked stock within the group.
