|Bid||20.75 x 900|
|Ask||21.99 x 1100|
|Day's Range||21.07 - 22.27|
|52 Week Range||15.99 - 32.40|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||31.60|
Stocks that moved substantially or traded heavily on Thursday: Walmart Inc., up $1.43 to $101.31 A key sales measure at the world's largest retailer surged past Wall Street forecasts. Iovance Biotherapeutics ...
The company reported first-quarter net losses of $10.92 million, or 22 cents per share on an adjusted basis. "Overall, we are very well-positioned to continue capturing share of the significant opportunity in the online personal luxury goods market," said CEO Jose Neves. Farfetch was trading at $22.83 Thursday.
Check out the companies making headlines midday Thursday:Citigroup C , J.P. Morgan Chase JPM , Bank of America BAC — Bank shares rose as Treasury yields got a boost from better-than-expected economic data.
Farfetch Ltd. shares have plummeted 9.4% in Thursday trading after the online luxury fashion company reported deeper-than-expected year-over-year losses. But analysts are optimistic that the company is on the right track. "Overall, Farfetch posted solid 1Q results and reinforced its focus on growth and market share over near-term profitability," wrote JPMorgan analysts, calling the stock slump "an overreaction." JPMorgan rates Farfetch stock overweight with a $30 price target. Wells Fargo analysts call the gross merchandise volume [GMV] growth "quite impressive." Farfetch reported a 44% GMV increase to $415 million. But investors will be focused on margins and the cost of adding new customers. "Notably, while the investments in customer acquisition have driven platform contribution margin down to the mid-30s (from 43% in 2017), we believe that as these newly-acquired customers increase spending on the platform over time (while the cost to retain them is much lower than the cost to acquire them), there is meaningful scale/leverage in the model (management reiterated a potential 60% contribution margin over the long-term)," analysts wrote. Wells Fargo rates Farfetch shares outperform with a $32 price target and reiterated its "top pick" status based on growth potential. Farfetch shares have gained nearly 30% for the year to date while the Amplify Online Retail ETF is up 21.7% and the S&P 500 index is up 15.2%.
Shares of Cisco Systems CSCO rose more than 2.5% in extended trading Wednesday after the networking hardware company reported better-than-expected fourth quarter results. The company also gave strong guidance for the fourth quarter with estimated earnings per share and revenue both coming in higher than Refinitiv consensus estimates. Farfetch reported a loss of 22 cents per share, worse than the expected loss of 16 cents per share, and revenue of $174.1 million, higher than the expected $171.1 million, according to Refinitiv consensus estimates.
Farfetch Litd. shares fell more than 5% in the extended session Wednesday after the online clothing retailer reported wider-than-expected losses but beat consensus revenue estimates. The company reported first-quarter net after-tax losses of $109.2 million, or 36 cents a share, compared with after-tax losses of $50.7 million, or 20 cents a share, in the year-ago period. Adjusted for items such as stock-based compensation, among other items, losses were 22 cents a share. Revenue rose to $174.1 million from $125.6 million in the year-ago period. Analysts surveyed by FactSet had estimated adjusted losses of 14 cents a share on revenue of $171.1 million. For the second quarter, analysts model adjusted losses of 16 cents a share on sales of $195.6 million. Farfetch stock has gained 7.3% in the past six months, with the S&P 500 index rising 3.8%.
LONDON-- -- Q1 2019 Platform Gross Merchandise Value increased 44% Year-Over-Year to $415 million, or approximately 50% Growth on Constant Currency Basis Generated $1.53 billion GMV over Last Twelve Months Q1 2019 Revenue Grew 39% with Platform Services Revenue Up 43% Year-Over-Year Active Consumers Up 64% Year-Over-Year in Q1 2019 Farfetch Limited , the leading global technology platform for the luxury ...
Farfetch Ltd. is "underappreciated," according to Wells Fargo analysts, who have added the luxury e-commerce business to its "Top Pick" list. Farfetch began publicly trading eight months ago, and has since acquired sneaker company Stadium Goods, which analysts think could reach $700 million in gross merchandise volume (GMV). Shares have climbed nearly 45% for the year to date, outpacing the Amplify Online Retail ETF , which is up 26.3%, and the S&P 500 index , up 15.2% for the period. "In particular, we believe the company's post-IPO developments have flown under the radar but present significant long-term growth opportunities," analysts wrote. Among the company's positive attributes: it's underpenetrated in China, a $200 million piece of the business that could grow to a $6 billion market by fiscal 2025 in the next five-to-10 years; and growth potential with the Black & White business, which provides luxury brands with a platform to engage with customers. Analysts think that business could reach $1.6 billion by fiscal year 2025 from $35 million today. "[G]iven the addition of Stadium Goods this year and Toplife/Harrod's in FY20E, there is significant visibility into Farfetch's growth profile over the next 12-to-24 months," Wells Fargo said. Wells Fargo rates Farfetch stock outperform and raised its price target to $32 from $30.
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains breaks down Under Armour (UAA) and Adidas' quarterly financial results.
The oldest millennials are turning 38 this year, and that generation will soon account for a quarter of all retail sales in the U.S.
Farfetch Limited (FTCH), the leading global technology platform for the luxury fashion industry, today announced that José Neves, Founder, Co-Chair and CEO, will present at the J.P. Morgan Global Technology, Media and Communications Conference in Boston, MA, USA. To access the live audio webcast of the presentation, please visit http://farfetchinvestors.com. A replay of the audio webcast will be available for 30 days following the live event at the same website.
Buying stocks before earnings is risky. But investors can minimize risk and participate in big moves with this options trading strategy. HubSpot, Etsy and Farfetch are setting up.
Farfetch Limited (FTCH), the leading global technology platform for the luxury fashion industry, announced that the company's first quarter 2019 financial results will be released after the U.S. market close on Wednesday, May 15, 2019. Farfetch will host a conference call to discuss its results at 4:30 p.m. ET the same day. Farfetch Limited is the leading global technology platform for the luxury fashion industry.
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We have processed the filings of the more than 700 world-class investment firms that we track and now have access to the collective wisdom contained in […]
The big shareholder groups in Farfetch Limited (NYSE:FTCH) have power over the company. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. Com...
Online luxury fashion retail platform Farfetch Ltd. (FTCH) has a sound growth strategy that could catalyze its stock price. The company is focusing on investments in China, which could strengthen its position in the luxury retail market. It is also investing heavily in new technology, while partnerships with major brands could enhance its competitive position.
Despite a quick jump in Lyft's valuation, it doesn't seem as inflated when comparing against some other recently made public tech names.
Farfetch is the IBD Stock Of The Day. Big money has been flooding into the luxury fashion retailer as the recent IPO posts rapid sales growth.