LuxExperience B.V. (NYSE:LUXE) Upgraded to Overweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of LuxExperience B.V. (NYSE:LUXE) from a neutral rating to an overweight rating in a report released on Thursday, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has $14.00 target price on the stock, up from their previous target price of $9.00.

Several other research firms also recently weighed in on LUXE. Zacks Research downgraded shares of LuxExperience B.V. from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of LuxExperience B.V. in a research note on Monday, December 29th. B. Riley Financial assumed coverage on LuxExperience B.V. in a research note on Thursday, January 15th. They set a “buy” rating and a $12.00 price objective on the stock. Finally, Jefferies Financial Group started 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. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $11.67.

LuxExperience B.V. Stock Up 1.1%

Shares of LUXE opened at $10.06 on Thursday. The firm has a market cap of $862.14 million, a price-to-earnings ratio of 2.33 and a beta of 1.11. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.01 and a current ratio of 2.46. The firm has a 50 day simple moving average of $8.52. LuxExperience B.V. has a 52-week low of $6.18 and a 52-week high of $12.49.

LuxExperience B.V. (NYSE:LUXE) last issued its quarterly earnings results on Wednesday, November 19th. The company reported ($0.71) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.43). The company had revenue of $670.38 million during the quarter, compared to the consensus estimate of $680.63 million. LuxExperience B.V. had a return on equity of 47.84% and a net margin of 22.82%.

Hedge Funds Weigh In On LuxExperience B.V.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC acquired a new stake in shares of LuxExperience B.V. during the 4th quarter worth approximately $26,000. State of Wyoming bought a new position in LuxExperience B.V. during the 3rd quarter worth $49,000. Larson Financial Group LLC bought a new position in LuxExperience B.V. during the 4th quarter worth $52,000. HRT Financial LP acquired a new stake in LuxExperience B.V. in the fourth quarter worth $114,000. Finally, Americana Partners LLC bought a new stake in LuxExperience B.V. in the fourth quarter valued at $127,000. 10.07% of the stock is currently owned by institutional investors and hedge funds.

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.