LuxExperience B.V. (NYSE:LUXE) Shares Gap Down Following Analyst Downgrade

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE)’s stock price gapped down prior to trading on Wednesday after JPMorgan Chase & Co. downgraded the stock from an overweight rating to a neutral rating. The stock had previously closed at $10.27, but opened at $9.73. JPMorgan Chase & Co. now has a $10.00 price target on the stock. LuxExperience B.V. shares last traded at $9.77, with a volume of 341,579 shares changing hands.

A number of other analysts also recently weighed in on LUXE. B. Riley Financial assumed coverage on LuxExperience B.V. in a research report on Thursday, January 15th. They issued a “buy” rating and a $12.00 target price for the company. Weiss Ratings reissued a “hold (c-)” rating on shares of LuxExperience B.V. in a research note on Monday, December 29th. Zacks Research cut shares of LuxExperience B.V. from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Finally, Jefferies Financial Group started coverage on shares of LuxExperience B.V. in a research note on Wednesday, January 14th. They issued a “hold” rating and a $9.00 price target for the company. 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $10.33.

Institutional Investors Weigh In On LuxExperience B.V.

Several institutional investors have recently added to or reduced their stakes in LUXE. State of Wyoming bought a new stake in LuxExperience B.V. in the 3rd quarter worth $49,000. GSA Capital Partners LLP bought a new stake in shares of LuxExperience B.V. in the third quarter worth about $211,000. Zweig DiMenna Associates LLC bought a new stake in shares of LuxExperience B.V. in the third quarter worth about $6,372,000. Fiscal Wisdom Wealth Management LLC purchased a new position in LuxExperience B.V. during the 3rd quarter valued at about $236,000. Finally, R Squared Ltd bought a new position in LuxExperience B.V. during the 3rd quarter valued at approximately $140,000. Hedge funds and other institutional investors own 10.07% of the company’s stock.

LuxExperience B.V. Trading Down 4.1%

The firm has a market cap of $844.15 million, a price-to-earnings ratio of 2.28 and a beta of 1.11. The stock has a fifty day moving average of $8.57. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.83 and a current ratio of 2.12.

LuxExperience B.V. (NYSE:LUXE) last announced its earnings results on Wednesday, November 19th. The company reported ($0.71) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.43). LuxExperience B.V. had a net margin of 22.82% and a return on equity of 44.51%. The business had revenue of $670.38 million for the quarter, compared to the consensus estimate of $680.63 million.

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.