LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) Receives $9.50 Average Price Target from Brokerages

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) has received an average rating of “Hold” from the six brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $9.50.

Several equities analysts recently weighed in on the stock. Wall Street Zen downgraded shares of LuxExperience B.V. from a “sell” rating to a “strong sell” rating in a report on Monday, May 18th. TD Cowen decreased their price objective on shares of LuxExperience B.V. from $12.00 to $8.00 and set a “buy” rating for the company in a research note on Wednesday, May 20th. Weiss Ratings downgraded shares of LuxExperience B.V. from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. cut their price objective on shares of LuxExperience B.V. from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th.

LuxExperience B.V. Trading Up 0.6%

LuxExperience B.V. stock opened at $8.01 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 2.33 and a debt-to-equity ratio of 0.13. LuxExperience B.V. has a 52 week low of $6.54 and a 52 week high of $11.38. The company has a market capitalization of $686.11 million, a price-to-earnings ratio of 1.96 and a beta of 1.07. The stock has a 50-day moving average price of $7.57 and a 200 day moving average price of $8.23.

Institutional Investors Weigh In On LuxExperience B.V.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LUXE. Sylebra Capital LLC purchased a new position in shares of LuxExperience B.V. during the 3rd quarter valued at about $31,351,000. Woodson Capital Management LP purchased a new stake in shares of LuxExperience B.V. in the fourth quarter worth about $30,060,000. Pillsbury Lake Capital LLC purchased a new stake in shares of LuxExperience B.V. in the fourth quarter worth about $12,602,000. Nixon Capital LLC acquired a new stake in LuxExperience B.V. during the fourth quarter worth about $10,711,000. Finally, Stoic Point Capital Management LLC acquired a new stake in LuxExperience B.V. during the fourth quarter worth about $8,628,000. 10.07% of the stock is 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.