LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) Receives $9.50 Consensus Target Price from Brokerages

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) has earned an average rating of “Hold” from the six research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $9.50.

A number of research firms have recently commented on LUXE. JPMorgan Chase & Co. lowered their target price on LuxExperience B.V. from $10.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Wall Street Zen lowered LuxExperience B.V. from a “sell” rating to a “strong sell” rating in a research report on Monday, May 18th. Weiss Ratings cut shares of LuxExperience B.V. from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, June 2nd. Finally, TD Cowen dropped their target price on shares of LuxExperience B.V. from $12.00 to $8.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th.

Institutional Investors Weigh In On LuxExperience B.V.

Hedge funds have recently bought and sold shares of the business. Bank of America Corp DE increased its stake in shares of LuxExperience B.V. by 2,291.9% during the first quarter. Bank of America Corp DE now owns 17,054 shares of the company’s stock valued at $136,000 after purchasing an additional 16,341 shares in the last quarter. Stoic Point Capital Management LLC raised its stake in LuxExperience B.V. by 58.8% during the first quarter. Stoic Point Capital Management LLC now owns 1,640,509 shares of the company’s stock valued at $13,124,000 after buying an additional 607,240 shares during the last quarter. Royal Bank of Canada raised its stake in LuxExperience B.V. by 12.0% during the first quarter. Royal Bank of Canada now owns 127,621 shares of the company’s stock valued at $1,020,000 after buying an additional 13,664 shares during the last quarter. Luxor Capital Group LP boosted its holdings in LuxExperience B.V. by 11.9% in the first quarter. Luxor Capital Group LP now owns 920,435 shares of the company’s stock worth $7,363,000 after acquiring an additional 98,200 shares in the last quarter. Finally, DJE Kapital AG bought a new stake in LuxExperience B.V. in the first quarter worth $6,119,000. Institutional investors own 10.07% of the company’s stock.

LuxExperience B.V. Price Performance

Shares of NYSE LUXE opened at $7.79 on Friday. LuxExperience B.V. has a 1 year low of $6.54 and a 1 year high of $11.38. The stock has a market capitalization of $667.95 million, a P/E ratio of 1.91 and a beta of 1.07. The company’s 50-day moving average is $7.80 and its 200 day moving average is $8.32. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.33 and a quick ratio of 0.81.

LuxExperience B.V. Company Profile

MYT Netherlands Parent B.V., through its subsidiary, Mytheresa Group GmbH, operates a luxury e-commerce platform for fashion consumers in Germany, the United States, the rest of Europe, and internationally. The company sells clothes, bags, shoes, accessories, and fine jewelry through online and retail stores. It serves high-income luxury consumers. The company was founded in 1987 and is based in Munich, Germany.