Farfetch (NYSE:FTCH – Get Rating) announced its quarterly earnings data on Thursday. The company reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.04, MarketWatch Earnings reports. Farfetch had a negative return on equity of 331.09% and a net margin of 64.79%. The firm had revenue of $514.80 million during the quarter, compared to analysts’ expectations of $560.27 million. During the same quarter last year, the firm posted ($0.28) earnings per share. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year.
Farfetch stock traded up $2.06 during trading hours on Friday, reaching $9.74. The stock had a trading volume of 1,968,293 shares, compared to its average volume of 10,187,429. The company has a fifty day simple moving average of $12.07 and a 200-day simple moving average of $21.52. Farfetch has a 52 week low of $6.53 and a 52 week high of $53.77. The stock has a market cap of $3.71 billion, a PE ratio of -8.36 and a beta of 3.13. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.33 and a quick ratio of 2.05.
A number of research analysts have recently issued reports on the stock. Wells Fargo & Company reduced their price objective on shares of Farfetch from $35.00 to $25.00 and set an “overweight” rating for the company in a report on Friday. Guggenheim decreased their price objective on Farfetch from $42.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, May 19th. Societe Generale upgraded Farfetch from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Friday, March 25th. They noted that the move was a valuation call. JPMorgan Chase & Co. decreased their price target on Farfetch from $35.00 to $30.00 and set an “overweight” rating for the company in a report on Wednesday, March 16th. Finally, Oppenheimer dropped their price objective on Farfetch from $32.00 to $26.00 and set an “outperform” rating on the stock in a research note on Friday, April 1st. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $29.47.
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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