Yousif Capital Management LLC Has $1.62 Million Position in Ferrari N.V. $RACE

Yousif Capital Management LLC lifted its stake in Ferrari N.V. (NYSE:RACE) by 9.8% during the second quarter, HoldingsChannel reports. The fund owned 3,301 shares of the company’s stock after purchasing an additional 295 shares during the quarter. Yousif Capital Management LLC’s holdings in Ferrari were worth $1,620,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. GW&K Investment Management LLC increased its stake in shares of Ferrari by 288.9% in the first quarter. GW&K Investment Management LLC now owns 70 shares of the company’s stock worth $30,000 after acquiring an additional 52 shares during the last quarter. Alpine Bank Wealth Management bought a new stake in Ferrari in the first quarter worth $33,000. Brooklyn Investment Group boosted its holdings in Ferrari by 381.3% in the first quarter. Brooklyn Investment Group now owns 77 shares of the company’s stock worth $33,000 after purchasing an additional 61 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Ferrari by 41.2% in the second quarter. GAMMA Investing LLC now owns 72 shares of the company’s stock worth $35,000 after purchasing an additional 21 shares in the last quarter. Finally, Centerpoint Advisors LLC bought a new stake in Ferrari in the first quarter worth $43,000.

Ferrari Stock Up 1.7%

RACE stock opened at $399.26 on Monday. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.09 and a quick ratio of 3.94. Ferrari N.V. has a 52-week low of $372.31 and a 52-week high of $519.10. The company has a 50-day moving average of $465.18 and a two-hundred day moving average of $468.84. The stock has a market capitalization of $96.77 billion, a price-to-earnings ratio of 41.20, a price-to-earnings-growth ratio of 4.23 and a beta of 1.08.

Ferrari (NYSE:RACE) last released its quarterly earnings results on Thursday, July 31st. The company reported $2.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.57 by $0.13. Ferrari had a net margin of 22.95% and a return on equity of 45.41%. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same period in the prior year, the company earned $2.29 earnings per share. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. Ferrari has set its FY 2025 guidance at 9.751- EPS. As a group, equities research analysts anticipate that Ferrari N.V. will post 9.22 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Cfra Research cut shares of Ferrari from a “hold” rating to a “moderate sell” rating in a report on Thursday, July 31st. UBS Group decreased their price objective on shares of Ferrari from $579.00 to $529.00 and set a “buy” rating for the company in a report on Thursday. Royal Bank Of Canada reiterated an “outperform” rating on shares of Ferrari in a report on Monday, August 4th. Hsbc Global Res upgraded shares of Ferrari from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 2nd. Finally, Berenberg Bank set a $570.00 price objective on shares of Ferrari in a report on Friday, October 3rd. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Ferrari presently has an average rating of “Buy” and a consensus price target of $514.00.

Ferrari Profile

Ferrari N.V., through its subsidiaries, engages in design, engineering, production, and sale of luxury performance sports cars worldwide. The company offers range, special series, Icona, and supercars; limited edition supercars and one-off cars; and track cars. It also provides racing cars, and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars; and licenses its Ferrari brand to various producers and retailers of luxury and lifestyle goods.