FTCH - Farfetch Limited

NYSE - NYSE Delayed Price. Currency in USD
12.90
+0.09 (+0.70%)
At close: 4:03PM EST
Stock chart is not supported by your current browser
Previous Close12.81
Open13.18
Bid10.70 x 800
Ask0.00 x 900
Day's Range12.57 - 13.48
52 Week Range7.43 - 31.60
Volume3,940,297
Avg. Volume3,710,001
Market Cap3.928B
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-0.97
Earnings DateFeb 25, 2020 - Mar 01, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est15.83
  • Smart Speakers Get New Scrutiny Ahead of U.K. Government Report
    Bloomberg

    Smart Speakers Get New Scrutiny Ahead of U.K. Government Report

    (Bloomberg) -- Smart speakers such as those made by Amazon.com Inc. are to come under new scrutiny by the U.K. government when it publishes the results of a consultation into the security features of connected consumer devices.U.K. Digital Secretary Nicky Morgan said the results of the public inquiry, which concluded in June, will be released within the next “month or so” and contain proposals for mandatory industry requirements that could lead to potential new regulation.“We need to go out and ask what requirements are needed when you’re launching and operating these kinds of products so that people are safe,” she said in an interview with Bloomberg on Wednesday. “What more do the companies need to build in for security?”The publication will be broad and cover a wide range of so-called Internet of Things technologies, but comes as regulators and lawmakers in the U.S. and Europe examine whether Google, Apple Inc. and Amazon violated privacy by employing human reviewers to listen to voice commands recorded by digital assistants.Smart SpeakersBloomberg first reported in April that Amazon had a team of thousands of workers around the world listening to Alexa audio requests with the goal of improving the software.“We want to be pro-innovation and pro-tech, and encourage people to innovate,” Morgan said, “but recognize that we need to strike a balance, and help the public buying these devices to be aware of some of the concerns people have.”She said there was “massive potential” for connected devices in areas from health care to just turning lights on and off, but that the government has “an important role to play” in helping the public make sense of security questions being brought up.Read more about Silicon Valley eavesdropping here.Connected home devices surged in popularity last year and led to the inclusion of smart speakers in the virtual basket of products used by the Office for National Statistics to calculate U.K. inflation. Consulting firm Juniper Research Ltd. estimates that by 2023 the global annual market for smart speakers will reach $11 billion, and there will be about 7.4 billion voice-controlled devices.Still, the rise in use of connected devices, combined with the advent of super fast 5G mobile networks, has sparked concerns among cybersecurity experts who worry bad actors will have even more options to hack into or target devices.Amazon faces a lawsuit brought by a man who claims someone took control of a Ring video camera installed on his garage and spoke to his children, one among a set of similar incidents.In a separate interview with Bloomberg, Morgan said the government will ensure Huawei Technologies Co. is not involved in “critical national infrastructure” as it weighs up whether the Chinese company can play a role in its 5G telecommunications networks.U.K. GrowthVenture capital firms invested 9.2 billion pounds ($12 billion) in the U.K. last year, up 22% from a year earlier, according to a report from consultancy KPMG and PitchBook released on Wednesday. European funds are spending record amounts as the technology industry on the continent becomes more competitive with peers in the U.S. and Asia.“We’ve got great digital skills, we’ve got obviously a very active, well-developed VC investment market, we’ve got a government that wants to support,” innovation and further changes, Morgan said in an interview on Bloomberg Television. “There are a number of different reasons why people will set up in the U.K.”Morgan’s comments came after Felix Capital, the London-based venture capital firm that backed Goop Inc., Farfetch Ltd. and Peloton Interactive Inc., closed its third round of funding, raising $300 million, the company said in a statement on Wednesday.The round doubles the company’s assets under management to more than $600 million, Felix said. The firm generally invests in technology companies targeting consumers with online services such as delivering high-end designer clothes and vegetarian meal boxes.Europe as a whole is beginning to benefit from experience, having had a generation of successful startups to learn from, Felix founder Frederic Court said in an interview with Bloomberg TV.Europe now has “the benefit of 10, 15, 20 years of having grown the likes of Spotify,” Court said. That’s led to “significant improvement of the quality of the management that entrepreneurs can access.”As the U.K. approaches a Jan. 31 deadline to leave the European Union trading bloc, the government is hoping that the tech sector continues to be a draw for new businesses and a growth engine for the economy. As long as talent continues to flow into the country, more certainty about the Brexit process could encourage venture capital investors to deploy more cash, KPMG said in its report.To contact the reporters on this story: Nate Lanxon in London at nlanxon@bloomberg.net;Amy Thomson in London at athomson6@bloomberg.netTo contact the editors responsible for this story: Giles Turner at gturner35@bloomberg.net, Colum MurphyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Those Who Purchased Farfetch (NYSE:FTCH) Shares A Year Ago Have A 58% Loss To Show For It
    Simply Wall St.

    Those Who Purchased Farfetch (NYSE:FTCH) Shares A Year Ago Have A 58% Loss To Show For It

    Even the best stock pickers will make plenty of bad investments. Unfortunately, shareholders of Farfetch Limited...

  • Here is What Hedge Funds Think About Farfetch Limited (FTCH)
    Insider Monkey

    Here is What Hedge Funds Think About Farfetch Limited (FTCH)

    We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]

  • Hedge Funds Saw The Crash Coming
    Insider Monkey

    Hedge Funds Saw The Crash Coming

    Is Genesis Energy, L.P. (NYSE:GEL) a good bet right now? We like to analyze hedge fund sentiment before conducting days of in-depth research. We do so because hedge funds and other elite investors have numerous Ivy League graduates, expert network advisers, and supply chain tipsters working or consulting for them. There is not a shortage […]

  • Business Wire

    Farfetch to Present at Investor Conference

    Farfetch Limited (FTCH), the leading global technology platform for the luxury fashion industry, today announced that Elliot Jordan, Chief Financial Officer, will present at the Credit Suisse 23rd Annual Technology Conference in Scottsdale, Arizona. 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.

  • 3 “Strong Buy” Stocks That Are Heavily Discounted
    TipRanks

    3 “Strong Buy” Stocks That Are Heavily Discounted

    Buy low, and sell high. That’s old wisdom, but it’s stayed with us through the ages because it’s a sure way to grow your money. In the stock market, of course, buying low is the easy part. There are plenty stocks out there priced at a discount – sometimes by the company’s design, sometimes by the vagaries of economic life. In either case, the real trick to investing is finding the discounted stocks that are primed for strong growth – those are the ones that will bring in profitable returns.We’ve used TipRanks’ Stock Screener to sort through more than 6,300 publicly traded companies, and picked a profile for mid-cap stocks primed to gain: a high upside and Strong Buy consensus rating, but combined with recent losses that have left each of them trading well below peak price. Let’s dive in.Cimarex Energy Company (XEC)Starting in the energy sector, Cimarex is a hydrocarbon exploration company based out of Denver, Colorado. The company engages in oil and gas exploration and drilling in Oklahoma, Texas, and New Mexico. Cimarex controls over 591 million barrels oil equivalent, of which 45% is natural gas and the rest is split between natural gas liquid and petroleum. Last year, Cimarex average production stood at 222,000 barrels of oil equivalent per day.Oil and gas bring in serious money, and even a small industry player like Cimarex sees nearly $2 billion in annual revenue and $490 million in net profits. In the Q3 earnings report released earlier this month, with EPS, at 91 cents, missing the forecasts, while the revenues of $582 million beating the estimates by 2%. Overall, XEC posted both EPS and revenue year-over-year declines.The main driver of the decline was the current low-price regime in oil and gas markets. Production was actually up, and benefitting from increases in operational efficiency. XEC reported a 68.5 thousand barrel per day increase in total production, and a $3.34 per barrel of oil equivalent drop in production expenses. Prices, however, fell more and faster than production and efficiencies posts gains, with realized prices down 52% in natural gas and 10% in crude oil.The drops in realized prices, EPS, and revenues this year have pushed XEC shares down by nearly 45% year-to-date. This opens buying opportunities, however, as far as Wall Street’s analysts are concerned.Writing from UBS, Lloyd Byrne described the quarterly results as “solid,” based on the revenue beat and the efficiency gains, and expects to see it reflect in improved free cash flow next year. His $78 price target suggests an impressive 67% upside. (To watch Byrne's track record, click here)Jeanine Wai, of Barclays, also noted the efficiencies, and wrote of the company, “Once again XEC pulled forward activity during the quarter... Since we think efficiencies continue to trend well, we initially anticipated that XEC would again pull forward wells in Q4’19 providing an upward bias to production… We like the discipline and think that XEC’s anticipated 44 net wells waiting on completion at YE’19 provides good optionality for operational momentum heading into 2020 should commodity prices/costs ultimately allow for it.” Wai gives XEC an $81 price target and a 73% upside. (To watch Wai's track record, click here)All in all, TipRanks shows a large amount of bulls liking the odds on this oil stock. Out of 6 analysts polled in the last 3 months, 5 are bullish on Cimarex Energy stock, while only one playing it safe on the sidelines. Importantly, the 12-month average price target of $70.17 suggests a nearly 55% upside potential from where the stock is currently trading. (See Cimarex Energy stock analysis on TipRanks)ANGI Homeservices (ANGI)ANGI lives in the tech sector, inhabiting the information niche where it holds a portfolio of home improvement brands, and connects customers with the services they need. ANGI Homeservices is the world’s largest online marketplace for home improvement services, and connects homeowners with the service pros they need to get jobs done. The company operates in the US, Canada, and Europe.The tech company’s earnings in Q3 are down year-over-year, from 9 cents to 4 cents, although still higher than the 3-cent estimate. Revenues, however, were up 17.8% to $357.36 million. It was the only time in the last four quarters that ANGI has beaten revenue estimates. In addition to falling revenues, ANGI has also deeply underperformed the broader market; with a 58% year-to-date loss compared to the S&P’s 24% gain.However, top analysts see ANGI set up to start gaining as 2020 progresses.Writing from Deutsche Bank, Kunal Madhukar says, “While the story remains in a "show me" mode, expectations have come down significantly in the past six months, which sets up well for a turnaround in 2020.” His $11 target implies about 50% upside to the stock. (To watch Madhukar's track record, click here)5-star analyst Daniel Salmon, of BMO Capital, is even more bullish, putting a $13 price target and 77% potential on ANGI shares. In his comments on the stock, Salmon concludes, “We think the “hybrid” approach of a third-party marketplace combined with a managed service marketplace is an improved strategy for a space as dynamic as home services.”ANGI has received 6 ratings in the last two months for its Strong Buy consensus. The four most recent, all in the last two weeks, are Buys. The stock’s $12.25 average price target implies an upside of nearly 65% from the share price of $7.38. (See ANGI stock analysis on TipRanks)Farfetch (FTCH)This online clothing retailer, based in London, boasts offices in Portugal and Brazil, New York, LA, Tokyo, and Shanghai. The company has won industry awards for excellence in advertising and marketing, use of tech, and fashion design. With a market cap of $2.8 billion, FTCH is the smallest of the companies on this list.Back in August, FTCH shares took a sudden drop, losing 52% of their value after the company spent $675 million to acquire New Guards. The purchase brought with it a new label for Farfetch to market, but the price was a significant portion of its total market cap.Farfetch shares have still not recovered their pre-acquisition value. Last week’s Q3 report, however, helped, as the EPS loss of 28 cents was far less severe than the 37 cents expected. Revenues also scored a modest beat, coming in at $255.48 million compared to the forecast of $255.40 million. That was 89% year-over-year gain for revenues. The strong quarterly report boosted the stock by 29% on its release, although FTCH shares are still down 56% for 2019.The gains, especially the high YoY revenue gain, suggest that FTCH maybe turning a corner on profitability. Deutsche Bank’s 5-star analyst Lloyd Walmsley agrees, writing in his recent note on the stock, “We like Farfetch shares over the longer term and see the New [Guards] acquisition as a good strategic fit, despite the increasing complexity of the model and slightly disappointing growth slowdown from 1H to 3Q... We feel comfortable the company can continue to grow at elevated growth rates and move closer towards profitability.” Walmsley’s $14 price target puts a 51% upside to the stock. (To watch Walmsley's track record, click here)Weighing in from Cowen, John Blackledge wrote just before the Q3 report was released, and he too saw potential from the New Guards deal. In addition, Blackledge specifically pointed out that FTCH’s low price point represents a purchase opportunity, as it takes into account the stock’s most likely deadweights: “With shares down ~57% since the 2Q print, we believe much of the downside risk around discounting and strategic direction are likely priced in.” Blackledge sees FTCH hitting $16 in the next twelve months, suggesting a powerful 72% upside potential.FTCH shares base their Strong Buy consensus rating on 7 Buys and 1 Sell given in recent weeks. This stocks’ $15.29 average price target implies an upside of 65% from the $9.26 current share price. (See Farfetch stock analysis on TipRanks)

  • GlobeNewswire

    NYSE: FTCH Investor Notice: Lawsuit against Farfetch Limited announced by Shareholders Foundation

    SAN DIEGO, Nov. 19, 2019 -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in NYSE: FTCH shares.  Investors, who purchased shares.

  • GlobeNewswire

    FINAL DEADLINE ALERT: Kaskela Law LLC Announces Important Deadline in Shareholder Class Action Lawsuit Filed Against Farfetch Limited – FTCH

    PHILADELPHIA, Nov. 18, 2019 -- Kaskela Law LLC announces that a shareholder class action lawsuit has been filed against Farfetch Limited (NYSE: FTCH) on behalf of investors who.

  • ACCESSWIRE

    The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of WORK, FTCH and OLLI

    NEW YORK, NY / ACCESSWIRE / November 18, 2019 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate ...

  • PR Newswire

    FINAL DEADLINE ALERT - Farfetch Ltd. (FTCH) - Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Class Action and Lead Deadline: November 18, 2019

    NEW YORK , Nov. 18, 2019 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Farfetch Ltd. ("Farfetch" ...

  • ACCESSWIRE

    CLASS ACTION UPDATE for FTCH, AZZ and REZI: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

    NEW YORK, NY / ACCESSWIRE / November 18, 2019 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. To determine ...

  • ACCESSWIRE

    FINAL DEADLINE TODAY: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Farfetch Limited and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

    LOS ANGELES, CA / ACCESSWIRE / November 18, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Farfetch Limited ("Farfetch" or "the Company") (NYSE:FTCH) for violations of the Federal securities laws. Investors who purchased the Company's shares pursuant and/or traceable to the registration statement and prospectus (collectively, the "Registration Statement") issued in connection with the Company's September 2018 initial public offering ("IPO") are encouraged to contact the firm before November 18, 2019.

  • Business Wire

    MONDAY DEADLINE REMINDER: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Farfetch Limited and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

    The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Farfetch Limited (“Farfetch” or “the Company”) (NYSE: FTCH) for violations of the Federal securities laws. Investors who purchased the Company's shares pursuant and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s September 2018 initial public offering (“IPO”), or who purchased the Company's securities between September 18, 2018 and September 17, 2019, inclusive (the “Class Period”) are encouraged to contact the firm before November 18, 2019.

  • GlobeNewswire

    CLASS ACTION UPDATE for FTCH, TWTR, QUAD and YJ: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

    NEW YORK, Nov. 18, 2019 -- Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies..

  • ACCESSWIRE

    FTCH DEADLINE TODAY: HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Farfetch (FTCH) Investors of Today’s Deadline to Move for Lead Plaintiff

    SAN FRANCISCO, CA / ACCESSWIRE / November 18, 2019 / Hagens Berman alerts Farfetch (NYSE:FTCH) investors of today's deadline to move for lead plaintiff in a securities fraud class action pending against ...

  • GlobeNewswire

    FARFETCH 24 HOUR DEADLINE ALERT: FORMER LOUISIANA ATTORNEY GENERAL AND KAHN SWICK & FOTI, LLC REMIND INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Deadline in Class Action Lawsuits Against Farfetch Limited - FTCH

    NEW ORLEANS, Nov. 17, 2019 -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with losses.

  • ACCESSWIRE

    The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of FTCH, UNIT and OLLI

    NEW YORK, NY / ACCESSWIRE / November 17, 2019 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate ...

  • GlobeNewswire

    FINAL DEADLINE ALERT: HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Farfetch (FTCH) Investors of Tomorrow’s Lead Plaintiff Deadline, Encourages Investors with Significant Losses to Contact the Firm

    Hagens Berman urges Farfetch (FTCH) investors who have suffered significant losses to submit their loss now to learn if they qualify to recover their investment losses. According to the Complaint, Defendants concealed that Farfetch’s core business was vulnerable to heavy promotions of luxury goods and the Company’s profitability depended on aggressive acquisitions.

  • ACCESSWIRE

    FINAL DEADLINE MONDAY: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Farfetch Limited and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

    LOS ANGELES, CA / ACCESSWIRE / November 16, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Farfetch Limited ("Farfetch" or "the Company") (NYSE:FTCH) for violations of the Federal securities laws. Investors who purchased the Company's shares pursuant and/or traceable to the registration statement and prospectus (collectively, the "Registration Statement") issued in connection with the Company's September 2018 initial public offering ("IPO") are encouraged to contact the firm before November 18, 2019.

  • Farfetch shares soar as Gucci, Fendi and other luxury brands target customers online
    MarketWatch

    Farfetch shares soar as Gucci, Fendi and other luxury brands target customers online

    Farfetch reported narrower-than-expected losses and boasts a roster of luxury brands who are heading online.

  • ACCESSWIRE

    SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Farfetch Limited - FTCH

    NEW YORK, NY / ACCESSWIRE / November 16, 2019 / Pomerantz LLP is investigating claims on behalf of investors of Farfetch Limited ("Farfetch" or the "Company") (NYSE:FTCH). Such investors ...

  • ACCESSWIRE

    2-DAY DEADLINE ALERT: HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Farfetch (FTCH) Investors Who Have Suffered Significant Losses to Contact Firm, Application Deadline is Approaching

    SAN FRANCISCO, CA / ACCESSWIRE / November 16, 2019 / Hagens Berman urges Farfetch (NYSE:FTCH) investors who have suffered significant losses to submit their loss now to learn if they qualify to recover ...

  • ACCESSWIRE

    3-DAY DEADLINE ALERT: HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Farfetch (FTCH) Investors Who Have Suffered Significant Losses to Contact Firm, Application Deadline is Approaching

    SAN FRANCISCO, CA / ACCESSWIRE / November 15, 2019 / Hagens Berman urges Farfetch (NYSE:FTCH) investors who have suffered significant losses to submit their loss now to learn if they qualify to recover ...