According to Zacks, “Farfetch Limited provides retails apparel products. The Company operates an online platform which offers bags, coats, dresses, jackets, jewelry, swimwear, trouser, shoes, knitwear, suits, shorts, watches and accessories. Farfetch Limited is based in London, United Kingdom. “
Other equities research analysts have also issued research reports about the stock. Wells Fargo & Co set a $32.00 price objective on shares of Farfetch and gave the stock a buy rating in a research report on Wednesday, June 12th. KeyCorp dropped their price objective on shares of FedEx from $215.00 to $190.00 and set an overweight rating for the company in a research report on Wednesday, June 12th. BTIG Research started coverage on shares of Farfetch in a report on Tuesday. They set a buy rating and a $26.00 price target for the company. Sanford C. Bernstein raised shares of Farfetch from an underperform rating to a market perform rating in a report on Friday, June 7th. Finally, Credit Suisse Group raised their price target on shares of Johnson & Johnson from $152.00 to $156.00 and gave the company an outperform rating in a report on Thursday, May 16th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $28.08.
Farfetch (NYSE:FTCH) last released its quarterly earnings data on Wednesday, May 15th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.19). The firm had revenue of $174.06 million for the quarter, compared to the consensus estimate of $171.06 million. During the same period in the prior year, the firm earned ($0.20) earnings per share. The firm’s quarterly revenue was up 38.6% on a year-over-year basis. Sell-side analysts forecast that Farfetch will post -0.89 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FTCH. Barclays PLC grew its holdings in Farfetch by 163.6% during the 4th quarter. Barclays PLC now owns 5,800 shares of the company’s stock worth $103,000 after acquiring an additional 3,600 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Farfetch in the 1st quarter worth about $228,000. Shikiar Asset Management Inc. bought a new stake in Farfetch in the 1st quarter valued at about $242,000. First Trust Advisors LP bought a new stake in Farfetch in the 1st quarter valued at about $276,000. Finally, California Public Employees Retirement System bought a new stake in Farfetch in the 4th quarter valued at about $238,000. 48.31% of the stock is owned by institutional investors and hedge funds.
Farfetch Company Profile
Farfetch Ltd. engages in the retail of fashion and luxury goods. It offers womenswear, menswear, kidswear, vintage, fine watches, and fine jewelry. The company was founded by José Manuel Ferreira Neves in 2007 and launched in 2008 and is headquartered in London, the United Kingdom.
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