Birks Group (BGI, $5.32) fiscal 2022 revenue climbed +26.7%
Birks Group registered a sales growth of 26.7% year-over-year during the fiscal year ended March 26, 2022. The company, which is a manufacturer and retailer of jewellery, timepieces, silverware and gifts, experienced a comparable store sales growth of +32.5%.
For fiscal 2022, the company’s gross profit as a percentage of sales was 42.0%, widening 260 basis points from fiscal 2021. The Company continued to control its operating costs during the period, leading to operating expenses of 39.6% of net sales, vs. 41.4% in fiscal 2021.
Mr. Jean-Christophe Bédos, President and Chief Executive Officer of Birks Group, said, "We are pleased to report that fiscal 2022 was a successful year for Birks, which speaks to our teams' ability to deliver sustained growth across the business under challenging circumstances, their hard work, and their relentless dedication to our customers and company. In fiscal 2022, Birks has shifted from recovering from the impacts of COVID-19 to growing beyond pre-pandemic levels, as our results are strong not only compared to fiscal 2021, but also compared to fiscal 2020, which was not impacted by COVID-19”.
BGI's RSI Oscillator peaks and leaves overbought zone
The 10-day RSI Indicator for BGI moved out of overbought territory on May 30, 2023. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 33 instances where the indicator moved out of the overbought zone. In of the 33 cases the stock moved lower in the days that followed. This puts the odds of a move down at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on May 23, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on BGI as a result. In of 141 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for BGI turned negative on May 24, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 51 similar instances when the indicator turned negative. In of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BGI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BGI advanced for three days, in of 249 cases, the price rose further within the following month. The odds of a continued upward trend are .
BGI may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 181 cases where BGI Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 67, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. BGI’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: BGI's P/B Ratio (56.818) is very high in comparison to the industry average of (6.192). P/E Ratio (102.041) is within average values for comparable stocks, (49.863). BGI's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.063). BGI has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.024). P/S Ratio (1.414) is also within normal values, averaging (4.009).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
an operator of jewelry stores
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BGI and
Correlation & Price change
A.I.dvisor tells us that BGI and LANV have been poorly correlated (+20% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that BGI and LANV's prices will move in lockstep.
| Ticker / NAME | Correlation To BGI | 1D Price Change % | ||
|---|---|---|---|---|
| BGI | 100% | -0.56% | ||
| LANV - BGI | 20% Poorly correlated | -0.76% | ||
| REAL - BGI | 15% Poorly correlated | -8.72% | ||
| FOSL - BGI | 10% Poorly correlated | -5.24% | ||
| MYTE - BGI | 10% Poorly correlated | +6.35% | ||
| MOV - BGI | 8% Poorly correlated | -0.65% | ||
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