Analysts Set Farfetch Ltd (NYSE:FTCH) Price Target at $39.21

Shares of Farfetch Ltd (NYSE:FTCHGet Rating) have been given a consensus rating of “Buy” by the fifteen brokerages that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $39.21.

FTCH has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Farfetch from $35.00 to $30.00 and set an “overweight” rating for the company in a report on Wednesday, March 16th. Oppenheimer reduced their price objective on shares of Farfetch from $32.00 to $26.00 and set an “outperform” rating on the stock in a research note on Friday, April 1st. KeyCorp reduced their price objective on shares of Farfetch from $60.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, January 20th. BTIG Research reduced their price objective on shares of Farfetch from $34.00 to $26.00 in a research note on Monday, April 11th. Finally, Jefferies Financial Group assumed coverage on shares of Farfetch in a research note on Thursday, March 17th. They set a “buy” rating and a $25.00 price objective on the stock.

FTCH opened at $13.63 on Wednesday. The company has a fifty day simple moving average of $15.76 and a 200 day simple moving average of $27.39. The firm has a market cap of $5.19 billion, a price-to-earnings ratio of -12.74 and a beta of 3.16. Farfetch has a twelve month low of $10.75 and a twelve month high of $53.77. The company has a current ratio of 2.33, a quick ratio of 2.05 and a debt-to-equity ratio of 1.91.

Farfetch (NYSE:FTCHGet Rating) last released its quarterly earnings results on Thursday, February 24th. The company reported ($0.23) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.32) by $0.09. The business had revenue of $665.65 million during the quarter, compared to analyst estimates of $673.31 million. Farfetch had a net margin of 64.79% and a negative return on equity of 331.09%. The business’s revenue was up 23.2% on a year-over-year basis. During the same period last year, the business earned ($6.53) EPS. On average, analysts forecast that Farfetch will post -1.23 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. YorkBridge Wealth Partners LLC bought a new position in shares of Farfetch in the 1st quarter worth about $184,000. Okabena Investment Services Inc. bought a new stake in Farfetch in the 4th quarter valued at about $227,000. Clay Northam Wealth Management LLC bought a new stake in Farfetch in the 4th quarter valued at about $482,000. Norges Bank bought a new stake in Farfetch in the 4th quarter valued at about $86,801,000. Finally, Stephens Inc. AR lifted its position in Farfetch by 78.4% in the 4th quarter. Stephens Inc. AR now owns 3,493 shares of the company’s stock valued at $117,000 after purchasing an additional 1,535 shares during the last quarter. Institutional investors own 93.94% of the company’s stock.

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.

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Analyst Recommendations for Farfetch (NYSE:FTCH)

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