LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) Receives $9.50 Average PT from Analysts

Shares of LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) have been assigned an average recommendation of “Hold” from the six analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $9.50.

Several research analysts have weighed in on LUXE shares. Weiss Ratings lowered shares of LuxExperience B.V. from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday. TD Cowen lowered 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 research report on Wednesday, May 20th. Wall Street Zen lowered shares of LuxExperience B.V. from a “sell” rating to a “strong sell” rating in a research report on Monday, May 18th. Finally, JPMorgan Chase & Co. lowered their target price on shares of LuxExperience B.V. from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th.

Institutional Trading of LuxExperience B.V.

Institutional investors and hedge funds have recently modified their holdings of the business. Luxor Capital Group LP purchased a new stake in shares of LuxExperience B.V. in the third quarter valued at about $5,834,000. Capricorn Fund Managers Ltd purchased a new stake in shares of LuxExperience B.V. in the fourth quarter valued at about $6,303,000. SPX Gestao de Recursos Ltda purchased a new stake in shares of LuxExperience B.V. in the third quarter valued at about $3,178,000. Portolan Capital Management LLC purchased a new stake in shares of LuxExperience B.V. in the third quarter valued at about $13,271,000. Finally, Cannell Capital LLC purchased a new stake in shares of LuxExperience B.V. in the third quarter valued at about $8,891,000. Hedge funds and other institutional investors own 10.07% of the company’s stock.

LuxExperience B.V. Trading Down 1.3%

Shares of LUXE opened at $7.50 on Tuesday. The company has a current ratio of 2.33, a quick ratio of 0.81 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average is $8.09 and its two-hundred day moving average is $8.55. LuxExperience B.V. has a twelve month low of $6.54 and a twelve month high of $11.38. The firm has a market capitalization of $642.75 million, a P/E ratio of 1.83 and a beta of 1.08.

About LuxExperience B.V.

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.