Farfetch Ltd (NYSE:FTCH) was the target of some unusual options trading activity on Wednesday. Stock traders acquired 28,623 call options on the company. This represents an increase of 1,080% compared to the average volume of 2,426 call options.
FTCH traded down $0.93 during trading on Thursday, reaching $14.48. 85,704 shares of the company’s stock were exchanged, compared to its average volume of 4,248,727. Farfetch has a 1 year low of $5.99 and a 1 year high of $23.43. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.61 and a quick ratio of 1.39. The stock has a market capitalization of $5.23 billion, a P/E ratio of -12.31 and a beta of 2.85. The company’s fifty day simple moving average is $13.79 and its 200-day simple moving average is $11.29.
Farfetch (NYSE:FTCH) last posted its earnings results on Thursday, May 14th. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.11. The firm had revenue of $331.44 million during the quarter, compared to analyst estimates of $317.81 million. Farfetch had a negative net margin of 32.15% and a negative return on equity of 30.00%. Equities analysts forecast that Farfetch will post -1.25 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in FTCH. Aigen Investment Management LP acquired a new stake in Farfetch during the 4th quarter worth $65,000. FineMark National Bank & Trust acquired a new position in shares of Farfetch during the 1st quarter valued at about $80,000. SG Americas Securities LLC acquired a new position in shares of Farfetch during the 1st quarter valued at about $118,000. Banque Cantonale Vaudoise acquired a new position in shares of Farfetch during the 1st quarter valued at about $133,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Farfetch by 128.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 14,715 shares of the company’s stock valued at $152,000 after acquiring an additional 8,261 shares during the last quarter. 67.24% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have recently weighed in on FTCH shares. BTIG Research cut shares of Farfetch from a “buy” rating to a “neutral” rating in a report on Friday, May 15th. Zacks Investment Research cut shares of Farfetch from a “buy” rating to a “hold” rating in a research note on Wednesday, May 20th. KeyCorp lowered their target price on shares of Farfetch from $20.00 to $17.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. Oppenheimer lifted their target price on shares of Farfetch from $15.00 to $17.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. Finally, Deutsche Bank lifted their target price on shares of Farfetch from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. Farfetch currently has an average rating of “Buy” and an average price target of $17.45.
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.
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