Ferragamo stock falls as Barclays and Equita cut 2026 estimates and targets

Published on 09/19/2026 at 10:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ferragamo stock came under pressure on September 18, 2026 after Barclays trimmed its 2026 revenue and EBIT forecasts and cut the target price to EUR 6.50. Equita also lowered its target to EUR 7.20 and advised a reduce stance ahead of the October 20, 2026 sales update.

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Salvatore Ferragamo stock (ISIN IT0004712375) traded lower on Borsa Italiana on September 18, 2026, with the shares quoted around EUR 7.78 and down about 2.7 percent intraday as investors reacted to fresh estimate cuts and target reductions from Barclays and Equita for fiscal year 2026.

Analysts cut 2026 targets and earnings estimates

According to Teleborsa on September 18, 2026, Barclays has reduced its forecast for Ferragamo's full-year 2026 revenue by about 3 percent, reflecting a more challenging operating environment for the luxury group.

In the same research note, Barclays now expects Ferragamo to generate EBIT of EUR 42 million in fiscal year 2026, down from a previous projection of EUR 47 million, implying a cut of around EUR 5 million to operating profit expectations for the year and highlighting pressure on margins.Teleborsa

Barclays has also adjusted its valuation stance, cutting the target price for Ferragamo stock to EUR 6.50 from EUR 6.60 while reiterating its Underweight rating, a roughly 1.5 percent reduction that signals limited upside from current levels and continued caution about the brand's near-term growth prospects.Teleborsa

On the same day, Equita took a similarly cautious view, advising a reduce stance on Ferragamo and lowering its target price from EUR 8.20 to EUR 7.20, a cut of about 12 percent that reflects expectations of a slowdown in third-quarter sales in both direct-to-consumer and wholesale channels due to sector conditions and tougher year-on-year comparisons.Il Sole 24 Ore

Equita's analysts stated that they are cutting their Ferragamo EBIT estimates for 2026 and 2027 by around 10 percent and 13 percent respectively, bringing the 2026 EBIT forecast down to EUR 49 million and underscoring a more cautious profit trajectory for the Florence-based luxury company.Il Sole 24 Ore

Stock reacts on Borsa Italiana and sits below recent highs

As reported by Ad-hoc-news on September 18, 2026, Salvatore Ferragamo shares were quoted at EUR 7.78 on Borsa Italiana late in the morning session, down 2.75 percent intraday and trading in a range between EUR 7.74 and EUR 8.00 as the broader Milan market showed weakness.

The same overview notes that the current EUR 7.78 level leaves Ferragamo stock below the EUR 8.66 close recorded on September 16, 2026, meaning the shares have slipped about 10.2 percent from the recent high over just two trading days as the downgrade-related news filtered into the market.Ad-hoc-news

Teleborsa indicates that the weak price action in Ferragamo is broadly in line with the softness seen across the Milan market, where the stock was among the notable decliners on September 18, 2026 with a drop of more than 2.6 percent, and other coverage highlighted that Ferragamo shares were among the worst performers with an intraday loss of around 3.6 percent.Teleborsa

MarketScreener data show that Salvatore Ferragamo shares closed at EUR 8.33 on September 17, 2026 before slipping to around EUR 7.81 by September 18, 2026, a decline of roughly 6.2 percent in one session that mirrors JP Morgan's reaffirmed neutral stance and a target price of EUR 9.00, which sits about 15.2 percent above the EUR 7.81 level but is below previous expectations.MarketScreener

Upcoming Q3 2026 sales update and investor implications

Equita and JP Morgan both point to Ferragamo's forthcoming third-quarter sales release as a key test for the stock, with Equita highlighting that the company is scheduled to publish turnover figures for the July–September 2026 period on October 20, 2026 and projecting a slowdown in sales in both direct and wholesale channels.Il Sole 24 Ore MarketScreener

JP Morgan, as cited by MarketScreener, has reaffirmed its neutral view on Ferragamo with a target price of EUR 9.00 versus the EUR 8.33 close on September 17, 2026, while at the same time cutting its revenue forecasts ahead of the October 20, 2026 third-quarter sales update to reflect a worsening luxury backdrop and a slower-than-expected recovery in China.MarketScreener

For investors, these combined moves mean that consensus expectations for Ferragamo's 2026 performance are now lower both on the top line and on EBIT, with Barclays and Equita cuts of around 3 percent to revenue and up to 13 percent to EBIT estimates translating into more conservative growth and profitability assumptions just weeks before the company provides its next hard datapoint.

The risk backdrop for Ferragamo stock is therefore shaped by potential softness in third-quarter sales, sector-wide headwinds in European luxury and continued uncertainty about demand in China, while the updated analyst targets between EUR 6.50 and EUR 9.00 frame a narrower valuation band compared with earlier months and put more weight on the upcoming October 20, 2026 turnover release.

Ferragamo stock price level and trading context

As of the Borsa Italiana session on September 18, 2026, Ferragamo stock was trading at around EUR 7.78, with an intraday loss of approximately 2.75 percent from the prior day close and a trading range between EUR 7.74 and EUR 8.00, placing the shares below the EUR 8.66 level seen on September 16, 2026 and leaving some distance to the EUR 9.00 target maintained by JP Morgan.