Shares of Farfetch Ltd (NYSE:FTCH) have been assigned an average recommendation of “Buy” from the thirteen analysts that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $28.67.

Several research analysts have weighed in on FTCH shares. Zacks Investment Research lowered shares of Farfetch from a “hold” rating to a “sell” rating in a research report on Tuesday, April 30th. Credit Suisse Group upped their target price on shares of Farfetch from $29.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, May 16th. Sanford C. Bernstein started coverage on shares of Farfetch in a research report on Tuesday, April 16th. They set an “underperform” rating and a $23.00 target price on the stock. Citigroup started coverage on shares of Farfetch in a research report on Monday, March 11th. They set an “outperform” rating and a $34.00 target price on the stock. Finally, Oppenheimer started coverage on shares of Farfetch in a research report on Monday, March 11th. They set an “outperform” rating and a $34.00 target price on the stock.

Several hedge funds have recently added to or reduced their stakes in the company. Vitruvian Partners LLP purchased a new position in Farfetch during the fourth quarter worth approximately $389,905,000. Morgan Stanley lifted its position in shares of Farfetch by 38.8% in the 1st quarter. Morgan Stanley now owns 13,410,515 shares of the company’s stock worth $360,876,000 after buying an additional 3,747,381 shares during the last quarter. Whale Rock Capital Management LLC bought a new position in shares of Farfetch in the 1st quarter worth about $79,485,000. TIAA CREF Investment Management LLC bought a new position in shares of Farfetch in the 3rd quarter worth about $64,657,000. Finally, Teachers Advisors LLC bought a new position in shares of Farfetch in the 3rd quarter worth about $42,504,000. Institutional investors and hedge funds own 48.31% of the company’s stock.

Shares of NYSE:FTCH traded down $0.44 on Wednesday, reaching $19.61. The company’s stock had a trading volume of 84,197 shares, compared to its average volume of 4,260,292. Farfetch has a 52-week low of $15.98 and a 52-week high of $32.40. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.22 and a current ratio of 4.57. The stock has a market capitalization of $6.01 billion and a price-to-earnings ratio of -33.08.

Farfetch (NYSE:FTCH) last announced its earnings results on Wednesday, May 15th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.19). The firm had revenue of $174.06 million for the quarter, compared to analyst estimates of $171.06 million. During the same period last year, the firm earned ($0.20) earnings per share. The business’s revenue was up 38.6% on a year-over-year basis. As a group, research analysts forecast that Farfetch will post -0.88 EPS for the current fiscal year.

Farfetch Company Profile

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.

Further Reading: Outstanding Shares

Analyst Recommendations for Farfetch (NYSE:FTCH)

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