Societe Generale Lowers Farfetch (NYSE:FTCH) Price Target to $11.00

Farfetch (NYSE:FTCHGet Rating) had its target price trimmed by Societe Generale from $12.00 to $11.00 in a report published on Monday morning, The Fly reports.

Other research analysts have also recently issued reports about the stock. Credit Suisse Group dropped their target price on shares of Farfetch from $20.00 to $19.00 and set an outperform rating on the stock in a report on Wednesday, November 16th. Citigroup started coverage on shares of Farfetch in a report on Monday, September 26th. They set a sell rating and a $6.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on shares of Farfetch from $16.00 to $15.00 and set an overweight rating for the company in a research report on Friday, November 18th. BTIG Research decreased their price target on shares of Farfetch from $16.00 to $13.00 and set a buy rating for the company in a research report on Friday, November 18th. Finally, Morgan Stanley decreased their price target on shares of Farfetch from $26.00 to $24.00 and set an overweight rating for the company in a research report on Friday, November 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Farfetch currently has a consensus rating of Moderate Buy and a consensus price target of $15.75.

Farfetch Trading Up 7.4 %

NYSE FTCH opened at $7.84 on Monday. The company has a current ratio of 1.44, a quick ratio of 1.09 and a debt-to-equity ratio of 0.61. Farfetch has a 12 month low of $6.52 and a 12 month high of $37.46. The company’s 50-day moving average price is $8.32 and its 200-day moving average price is $8.54. The stock has a market cap of $2.99 billion, a PE ratio of -4.33 and a beta of 2.80.

Farfetch (NYSE:FTCHGet Rating) last issued its earnings results on Thursday, November 17th. The company reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.16). Farfetch had a return on equity of 58.40% and a net margin of 26.67%. The business had revenue of $593.36 million for the quarter, compared to the consensus estimate of $610.27 million. Equities research analysts forecast that Farfetch will post -1.55 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Stephens Inc. AR lifted its position in Farfetch by 15.2% during the second quarter. Stephens Inc. AR now owns 8,827 shares of the company’s stock valued at $63,000 after purchasing an additional 1,167 shares during the period. Captrust Financial Advisors increased its holdings in Farfetch by 31.8% in the first quarter. Captrust Financial Advisors now owns 4,993 shares of the company’s stock valued at $75,000 after buying an additional 1,204 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Farfetch by 8.4% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 17,352 shares of the company’s stock valued at $129,000 after buying an additional 1,339 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in Farfetch by 61.8% in the second quarter. Asset Management One Co. Ltd. now owns 5,107 shares of the company’s stock valued at $36,000 after buying an additional 1,951 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. increased its holdings in Farfetch by 12.3% in the third quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 18,300 shares of the company’s stock valued at $136,000 after buying an additional 2,000 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Farfetch Company Profile

(Get Rating)

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.

See Also

The Fly logo

Analyst Recommendations for Farfetch (NYSE:FTCH)

Receive News & Ratings for Farfetch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Farfetch and related companies with MarketBeat.com's FREE daily email newsletter.