Barclays cuts Ferragamo target: Ferragamo stock gains 2.05 percent

Published on 10/06/2026 at 13:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ferragamo revenue reached EUR 468.0 million in first half of 2026, up 1.90 percent. Ferragamo stock costs EUR 6.97 on October 6, 2026 after EUR 6.83.

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Ferragamo stock was trading at EUR 6.97 at Lang & Schwarz on October 6, 2026 at 1:40 p.m. CEST, up 2.05 percent versus the prior close of EUR 6.83. On September 18, 2026, Barclays cut its price target from EUR 6.60 to EUR 6.50 and kept an Underweight rating, as Corriere reported.

Revenue improves in first half

Ferragamo generated revenue of EUR 468.0 million in the first half of 2026, up 1.90 percent at constant exchange rates but down 1.30 percent on a reported basis, Luxsure reported on September 30, 2026. The split shows why currency-adjusted sales are currently the cleaner measure of operating direction, while the reported decline still reflects foreign-exchange pressure.

Direct sales rose 6.10 percent in the first half of 2026 at constant exchange rates, while wholesale sales fell 11.20 percent, according to Luxsure. That contrast points to a deliberate shift toward company-controlled channels, but it also leaves Ferragamo more exposed to the execution of its own stores and digital operations.

Profit recovery meets cautious estimates

Ferragamo returned to EBIT of EUR 21.0 million in the first half of 2026 from an adjusted loss of EUR 3.0 million a year earlier, while gross margin increased from 67.70 percent to 69.20 percent, Luxsure reported on September 30, 2026. Net profit reached EUR 1.5 million, replacing an adjusted loss of EUR 16.0 million in the prior-year period.

Barclays expects Ferragamo's third-quarter 2026 revenue to reach EUR 205.0 million, down 4.00 percent at constant exchange rates from its previous EUR 223.0 million estimate. The bank also cut its fiscal 2026 EBIT forecast to EUR 42.0 million from EUR 47.0 million and cited weaker China trends, according to Corriere on September 18, 2026.

October sales update sets the test

Ferragamo is scheduled to publish its third-quarter 2026 sales update on October 20, 2026, after the market close, Corriere reported on September 18, 2026. The upcoming figure will test whether the first-half return to positive EBIT can coexist with the slower wholesale and China trends highlighted in Barclays' estimates.

Ferragamo stock rises in trading

At Lang & Schwarz, Ferragamo stock was trading at EUR 6.97 on October 6, 2026 at 1:40 p.m. CEST, plus 2.05 percent versus the Lang & Schwarz prior close of EUR 6.83 on October 5, 2026. The further course of trading is shown by the continuously updated real-time quote of Ferragamo stock.