20.97 +0.47 (2.29%)
After hours: 6:12PM EDT
|Bid||19.50 x 1100|
|Ask||20.97 x 900|
|Day's Range||19.71 - 20.57|
|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||30.95|
Sneaker and streetwear marketplace Stadium Goods partners with international auction house Sotheby's on a first-of-its-kind online-only sneaker auction.
After its IPO of 15 million common shares at $26, well above the originally expected $17 - $19 range, RealReal (NASDAQ: REAL) is still holding up at a recent price of $26.51. But if investors have plenty of online goods retailers to choose from, what makes Real stock. Good buy?Source: The RealRealRealReal is a luxury goods seller of consigned clothing, fine jewelry, home decor, and fine art. That way, consumers are 100% certain they getting real brand name products.Though its revenues topped $207 million in 2018, it also lost $76 million, its GMV (gross merchandising value) was $711 million. These impressive figures are giving RealReal shareholders confidence that shares will keep going up over time.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Best Stocks for 2019: A Volatile First Half In today's healthy market where online sales keep growing, REAL could prove a real winner. Etsy (NASDAQ: ETSY) is in an uptrend despite trading at over 80 times earnings. Even Wayfair (NYSE: W) trades 1.8 times sales, thanks to investor enthusiasm for online retailers. Macroeconomic Risks for Real StockBecause the economic cycle heavily influences retail sales, a big downturn could wipe out many online retailers.Luxury goods are typically very sensitive to the economy. So, in good times like today, RealReal faces no significant risks of falling demand. But once it faces its first downturn, the stock could plunge as demand wanes.Still, if the economy worsens, RealReal may get an influx in high-end goods from sellers strapped for cash.In the near-term, RealReal's valuations are high due to investor interest in the stock, and venture capitalists who funded RealReal were the first to cash out through the IPO. They locked in gains first.Bullish investors may potentially play the upside story as revenues grow. Conversely, bearish investors could start betting against RealReal if the economy starts to weaken. Impressive Product Line and Website But…RealReal has a very impressive website and product line. Its new arrivals include goods from Chanel and Luis Vuitton. Pricey diamond rings retailing for $6,000 are listed for $2,000 on the site.A site review from customers is the single most important check investors should do. On Trustpilot, the site has a one out of five-star rating based on 229 reviews. And on Reviewopedia, 7 users also give an average of 1 star out of five. Related Investments and Real StockInvestors who are unsure of taking a long or short position on RealReal have plenty of other retailers to consider. FarFetch (NYSE:FTCH) shares peaked at $32 in March and closed recently at $19.93. The stock fell due to profit-taking following its earnings report posted on Feb. 28.In Q4, FarFetch lost $0.03 a share as revenue soared 54.6% Y/Y to $195.53 million. On Feb. 25, it announced a strategic ecommerce partnership with Harrods. The partnership could offer more diversity compared to holding RealReal stock.The shine in Etsy waned after the company reported Q1/2019 results. The company reported Revenue of $169 million. Its EPS of $0.24 is more than double from the $0.10 reported a year-ago.Etsy raised its full-year 2019 GMS growth estimates to 18 - 21%. It expects revenue growing 30 - 32%, while adjusted EBITDA margin will be between 23-25%.China's JD.com (NASDAQ: JD) sells premium goods. Its powerful backend logistics network allows the firm to ship goods to customers within 1-2 days. Though JD stock is up 61% from 52-week lows, it continues to benefit from strong growth prospects ahead. Your Real Stock TakeawayThe boom and bust cycle in retail is difficult to predict. When it comes to online luxury goods, the trends may change quickly.Investors who are good at noticing strong spending trends may invest in RealReal. But these same investors need to know when to bail out of RealReal before sales start falling.Similarly, investing in Etsy or JD.com requires having the same intuition for trends. But Etsy and JD have a more diversified product line and not all goods are expensive, high-end luxury. That could help keep sales going should consumer spending start getting weaker.Disclosure: As of this writing, the author did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Best Stocks for 2019: A Volatile First Half * 7 Simple Ways for Young Investors to Invest Their First $1,000 * 6 Stocks to Buy Based on Insider Buying The post Even as It Holds Its IPO Gains, Real Stock Isnat Worth the Risk appeared first on InvestorPlace.
In an interview with Cheddar TV, IPO Edge Editor-in-Chief John Jannarone explains what it will take for newly-listed shares of The RealReal (ticker: REAL) to maintain their current sales multiple. The company, which sells second-hand luxury goods from fashion houses such as Hermès, LVMH Moët Hennessy’s Louis Vuitton, and Kering SA’s Gucci, will likely see […]
The RealReal is the Undisputed Leader in Second-Hand Luxury Brands Such as Hermès By John Jannarone As the leading online reseller of previously-owned luxury items, The RealReal (ticker: REAL) has a chance to disrupt the industry with a combination of trust, quality, and ease of use that brick-and-mortar shops can’t offer. The question for investors […]
Farfetch Limited (FTCH), the leading global technology platform for the luxury fashion industry, today announced that it has joined as a Founding Member of the Libra Association and will work closely with other Founding Member organizations in the lead-up to the public launch of the initiative in the first half of 2020. The Libra Association will be responsible for operating and developing the Libra Blockchain, which will be secure, scalable, and reliable. Farfetch will actively participate in the ongoing technical, architectural, and operational development of the Libra Association as one of the Founder Members.
(Bloomberg Opinion) -- Regulators will be watching closely when Facebook Inc. unveils its cryptocurrency project this week. Their vigilance is warranted.Mark Zuckerberg, the social network’s founder, isn’t going to gamble with what remains of his public image by replicating the worst excesses of the Bitcoin craze. He’s not trying to create a speculative currency; a potential wave of mom-and-pop investment losses is the last thing he needs. He just wants a digital medium of exchange for use on his apps. Nevertheless, his bid to launch an online payments revolution carries plenty of risks, from antitrust concerns to the threat that it might pose to financial stability.Weekend media leaks suggest that Facebook’s “Libra” project will be a continuation of its past efforts to expand its payments business and keep customers within the walled garden of its social media apps by creating their very own money.While Zuckerberg is poised to unveil a team of partners – reportedly including eBay Inc., Farfetch Ltd., Spotify Technology SA, Uber Technologies Inc. and Vodafone Group Plc – so far this feels very much like Facebook’s baby. Tellingly, it’s not one that the big banks or the other Silicon Valley and Seattle giants seem ready to adopt quite yet, unless Zuckerberg surprises us with some bigger names at the launch. The target customer base for these new digital tokens looks certain to be the 2.6 billion-strong users of Facebook, WhatsApp and Instagram.While Facebook will no doubt assure us that this project is all about making the lives of its customers ever easier, giving them the ability to actually buy stuff in a way that Bitcoin has rarely offered, it’s hard to square it away with the political effort to curb Big Tech’s monopolistic tendencies (regardless of that roster of launch partners and their $10 million participation fees). It’s crucial that Libra doesn’t become a protective glue that binds Zuckerberg’s social networks even more closely together at a time when many regulators want to break them up. Libra will be presented as an open-source partnership whose benefits are available to all, but to what extent will it really be held at arm’s length from the Zuckerberg empire? Indeed, if the financial and business benefits of using Libra accrue mainly to Facebook, it will merely enshrine its market dominance.As such, regulators must find out who will own the giant new datasets. They might even want to push the case that this kind of data should be made available to governments or rivals to avoid the problems of the past, where a handful of companies ended up owning all of the information about our online activities.While Facebook barely makes any money from its payments business today – with payments and other fees accounting for less than 2% of last year’s $55.8 billion of revenue – some analysts reckon Libra could change things. Barclays is reportedly predicting $19 billion in additional revenue by 2021 if the tokens gain traction. Libra is scheduled to launch across a dozen countries in 2020. That’s a lot of potential data and new sources of revenue.Financial stability is a worry too and regulators should ask for transparency on how Libra is structured. The token is expected to be a “stablecoin,” which is pegged to existing fiat currencies such as the U.S. dollar or the euro. That will damp price volatility, unlike the free-wheeling Bitcoin, whose price in the past five years has gone from $600 to $19,000, and now to $9,000. Regulatory oversight of which currencies are held in reserve to back the Libra coin would go some way to building faith in Facebook’s capacity to redeem tokens when customers ask for it.While no one wants to choke innovation unnecessarily, Facebook hasn’t exactly done much to earn everybody’s trust in recent years. Any chance to put the necessary controls in at the beginning, rather than firefighting down the road, should be grabbed by the regulators.To contact the author of this story: Lionel Laurent at firstname.lastname@example.orgTo contact the editor responsible for this story: James Boxell at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Lionel Laurent is a Bloomberg Opinion columnist covering Brussels. He previously worked at Reuters and Forbes.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Farfetch Ltd (NYSE: FTCH ) has announced the launch of its business on JD.Com Inc (NASDAQ: JD ) in China about six months ahead of schedule. The Analysts Wells Fargo’s Ike Boruchow maintained an Outperform ...
The accelerated customer adoption of e-commerce in luxury will be a meaningful tailwind for Farfetch, the analyst said. While Farfetch will remain a predominantly third-party marketplace in the long term, its first-party business is likely to continue to grow in the near-term, Yruma said. Higher first-party penetration should help drive customer loyalty and boost revenue growth, especially since the total sale of first-party inventory is reported as revenue, Yruma said.
Farfetch Limited (FTCH), the leading global technology platform for the luxury fashion industry, has launched a flagship store on JD.com (JD), China’s largest retailer and a strategic investor in Farfetch. This follows the acquisition of Toplife by Farfetch China announced in February this year. Farfetch now has a ‘Level 1’ entry point on the JD.com app, providing JD.com’s more than 300 million customers with instant access to more than 3,000 brands via Farfetch’s network of more than 1,000 luxury brand and boutique partners.
Farfetch Ltd. shares popped 3.3% in Wednesday premarket trading after closing up nearly 7% on Tuesday following news that the luxury e-commerce retailer launched a flagship on China's JD.com. The move expands on a partnership that began in July 2017 and comes after the February announcement from Farfetch China that it was acquiring Toplife, JD's luxury portal. JD.com is also a strategic investor in Farfetch. "Notably, the launch was originally slated for the tail end of 2019, but they have now launched the business about six months ahead of schedule, which we view very positively (they'll be able to reap the potential rewards of this partnership earlier than expected)," wrote Wells Fargo analysts led by Ike Boruchow. Wells Fargo also highlights the three million JD.com users who "are considered 'pre-qualified' luxury customers" that Farfetch will now have "Level 1" access to, meaning users will see the Toplife button when they open the JD.com app. "Ultimately, we believe that China is Farfetch's most compelling long-term opportunity (we see a $6 billion GMV opportunity by FY25 vs. ~$200 million today), and the launch on JD is a significant milestone for the company's growth ambitions in this country," said Wells Fargo, which rates Farfetch stock outperform with a $32 price target. Farfetch shares have rallied 18.6% for the year to date outpacing the S&P 500 index , which has gained 15.1% for the period.
Before putting in our own effort and resources into finding a good investment, we can quickly utilize hedge fund expertise to give us a quick glimpse of whether that stock could make for a good addition to our portfolios. The odds are not exactly stacked in investors' favor when it comes to beating the market, […]
Farfetch Limited , the leading global technology platform for the luxury fashion industry, today announced that Elliot Jordan, Chief Financial Officer, will present at
One of the famous technology and media-oriented hedge funds, Glen Kacher’s Light Street Capital Management, discussed some of its most recent favorite investments in the interview for Barron’s. Before we reveal the most interesting details from the interview, let’s take a brief look at Glen Kacher’s background and the fund’s track record. Prior to launching […]
Glen Kacher and Jay Kahn of Light Street Capital have prospered by getting ahead of the biggest trends in technology, from ride-hailing and texting to food-delivery and e-commerce.
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%.