LuxExperience B.V. (NYSE:LUXE) Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of LuxExperience B.V. (NYSE:LUXE) from a hold rating to a strong sell rating in a research report report published on Monday morning,Zacks.com reports.

Other research analysts have also issued research reports about the stock. Wall Street Zen lowered shares of LuxExperience B.V. from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of LuxExperience B.V. in a research report on Monday, December 29th. JPMorgan Chase & Co. boosted their price objective on shares of LuxExperience B.V. from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, December 18th. B. Riley assumed coverage on LuxExperience B.V. in a report on Thursday, January 15th. They issued a “buy” rating and a $12.00 price objective for the company. Finally, Jefferies Financial Group assumed coverage on LuxExperience B.V. in a report on Wednesday, January 14th. They set a “hold” rating and a $9.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, LuxExperience B.V. presently has an average rating of “Hold” and a consensus price target of $10.00.

LuxExperience B.V. Stock Performance

Shares of LUXE opened at $8.10 on Monday. The company has a quick ratio of 1.01, a current ratio of 2.46 and a debt-to-equity ratio of 0.12. LuxExperience B.V. has a 52 week low of $6.18 and a 52 week high of $12.50. The company has a market cap of $694.17 million, a PE ratio of 1.85 and a beta of 1.11. The firm has a fifty day moving average price of $8.76.

LuxExperience B.V. (NYSE:LUXE) last issued its quarterly earnings data on Wednesday, November 19th. The company reported ($0.71) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.43). The firm had revenue of $670.38 million for the quarter, compared to the consensus estimate of $680.63 million. LuxExperience B.V. had a return on equity of 58.60% and a net margin of 29.45%.

Institutional Trading of LuxExperience B.V.

A number of large investors have recently bought and sold shares of the business. GAMMA Investing LLC acquired a new position in shares of LuxExperience B.V. in the 4th quarter valued at about $26,000. State of Wyoming bought a new stake in LuxExperience B.V. in the third quarter worth approximately $49,000. Fiscal Wisdom Wealth Management LLC boosted its holdings in shares of LuxExperience B.V. by 41.4% during the 4th quarter. Fiscal Wisdom Wealth Management LLC now owns 38,315 shares of the company’s stock worth $320,000 after buying an additional 11,225 shares in the last quarter. Millennium Management LLC bought a new position in shares of LuxExperience B.V. during the 3rd quarter worth approximately $134,000. Finally, R Squared Ltd bought a new stake in shares of LuxExperience B.V. in the 3rd quarter valued at $140,000. 10.07% of the stock is currently owned by institutional investors and hedge funds.

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.