LuxExperience B.V. (NYSE:LUXE) Downgraded to “Neutral” Rating by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of LuxExperience B.V. (NYSE:LUXE) from an overweight rating to a neutral rating in a report published on Wednesday morning, MarketBeat reports. They currently have $10.00 target price on the stock.

A number of other brokerages have also recently issued reports on LUXE. Jefferies Financial Group began coverage on shares of LuxExperience B.V. in a report on Wednesday, January 14th. They issued a “hold” rating and a $9.00 target price for the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of LuxExperience B.V. in a report on Monday, December 29th. Zacks Research downgraded LuxExperience B.V. from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. Finally, B. Riley Financial assumed coverage on LuxExperience B.V. in a report on Thursday, January 15th. They issued a “buy” rating and a $12.00 target price on the stock. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $10.33.

LuxExperience B.V. Stock Performance

LuxExperience B.V. stock opened at $9.85 on Wednesday. The firm has a market capitalization of $844.15 million, a P/E ratio of 2.28 and a beta of 1.11. LuxExperience B.V. has a one year low of $6.18 and a one year high of $12.06. The firm has a fifty day simple moving average of $8.57. The company has a current ratio of 2.12, a quick ratio of 0.83 and a debt-to-equity ratio of 0.12.

LuxExperience B.V. (NYSE:LUXE) last posted its quarterly earnings results 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 company had revenue of $670.38 million for the quarter, compared to analyst estimates of $680.63 million. LuxExperience B.V. had a return on equity of 44.51% and a net margin of 22.82%.

Hedge Funds Weigh In On LuxExperience B.V.

Large investors have recently bought and sold shares of the stock. Zazove Associates LLC purchased a new position in LuxExperience B.V. in the fourth quarter valued at approximately $1,673,000. Pillsbury Lake Capital LLC purchased a new position in shares of LuxExperience B.V. in the 4th quarter valued at $12,602,000. XTX Topco Ltd acquired a new position in shares of LuxExperience B.V. during the 4th quarter valued at $125,000. Stoic Point Capital Management LLC purchased a new stake in LuxExperience B.V. during the 4th quarter worth $8,628,000. Finally, Numerai GP LLC purchased a new stake in LuxExperience B.V. during the 4th quarter worth $217,000. Hedge funds and other institutional investors own 10.07% of the company’s stock.

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.