LuxExperience B.V. (NYSE:LUXE) Trading Down 3.9% Following Analyst Downgrade

Shares of LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) were down 3.9% during trading on Tuesday after JPMorgan Chase & Co. lowered their price target on the stock from $10.00 to $9.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. LuxExperience B.V. traded as low as $8.79 and last traded at $8.6840. Approximately 61,750 shares changed hands during trading, a decline of 78% from the average daily volume of 286,967 shares. The stock had previously closed at $9.04.

A number of other analysts also recently commented on the stock. Jefferies Financial Group started coverage on shares of LuxExperience B.V. in a report on Wednesday, January 14th. They set a “hold” rating and a $9.00 price objective on the stock. Zacks Research downgraded shares of LuxExperience B.V. from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. B. Riley Financial assumed coverage on shares of LuxExperience B.V. in a report on Thursday, January 15th. They set a “buy” rating and a $12.00 price objective on the stock. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of LuxExperience B.V. in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, LuxExperience B.V. currently has an average rating of “Hold” and an average target price of $10.00.

Institutional Trading of LuxExperience B.V.

A number of institutional investors have recently bought and sold shares of LUXE. GAMMA Investing LLC purchased a new stake in LuxExperience B.V. during the fourth quarter worth $26,000. State of Wyoming purchased a new stake in LuxExperience B.V. during the third quarter worth $49,000. Larson Financial Group LLC purchased a new stake in LuxExperience B.V. during the fourth quarter worth $52,000. HRT Financial LP purchased a new stake in LuxExperience B.V. during the fourth quarter worth $114,000. Finally, XTX Topco Ltd purchased a new stake in LuxExperience B.V. during the fourth quarter worth $125,000. 10.07% of the stock is currently owned by hedge funds and other institutional investors.

LuxExperience B.V. Price Performance

The stock has a market cap of $731.02 million, a P/E ratio of 1.97 and a beta of 1.15. The stock has a 50-day simple moving average of $8.74. The company has a quick ratio of 0.83, a current ratio of 2.12 and a debt-to-equity ratio of 0.12.

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.