LuxExperience B.V. (NYSE:LUXE) Stock Price Target Raised at TD Cowen

Key Points

• TD Cowen raised LuxExperience’s price target from $11 to $12 and maintained a Buy rating, implying about 13% upside from the prior close.
• Analyst views are mixed: MarketBeat reports an average rating of Hold and an average price target of $11.38; targets cited range from $10 to $13.
• CEO Michael Kliger sold 48,788 shares in November, reducing his direct ownership by 65.22%; insiders sold about 466,649 shares over the prior 90 days.

LuxExperience B.V. (NYSE:LUXE - Get Free Report) had its price target hoisted by analysts at TD Cowen from $11.00 to $12.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a "buy" rating on the stock. TD Cowen's target price suggests a potential upside of 12.99% from the company's previous close.

A number of other equities research analysts also recently weighed in on the stock. Sanford C. Bernstein started coverage on shares of LuxExperience B.V. in a report on Tuesday, October 6th. They issued an "outperform" rating and a $12.90 price target for the company. JPMorgan Chase & Co. boosted their target price on shares of LuxExperience B.V. from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Thursday, September 17th. B. Riley Financial increased their target price on shares of LuxExperience B.V. from $12.00 to $13.00 and gave the company a "buy" rating in a research note on Thursday, September 17th. Wall Street Zen upgraded shares of LuxExperience B.V. from a "strong sell" rating to a "sell" rating in a report on Saturday, September 19th. Finally, Weiss Ratings raised LuxExperience B.V. from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, October 9th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, LuxExperience B.V. currently has an average rating of "Hold" and an average target price of $11.38.

LuxExperience B.V. Price Performance

NYSE LUXE traded up $0.18 on Wednesday, reaching $10.62. 38,876 shares of the stock traded hands, compared to its average volume of 238,461. LuxExperience B.V. has a 12 month low of $6.54 and a 12 month high of $11.38. The company has a market cap of $910.12 million, a price-to-earnings ratio of -7.43 and a beta of 1.06. The firm's fifty day simple moving average is $9.24 and its 200 day simple moving average is $8.45. The company has a quick ratio of 0.79, a current ratio of 2.20 and a debt-to-equity ratio of 0.12.

Insider Activity

In related news, CEO Michael Kliger sold 48,788 shares of the business's stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $10.03, for a total transaction of $489,343.64. Following the transaction, the chief executive officer directly owned 26,021 shares of the company's stock, valued at approximately $260,990.63. The trade was a 65.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 466,649 shares of company stock valued at $4,707,424 over the last ninety days. 1.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On LuxExperience B.V.

A number of hedge funds have recently modified their holdings of LUXE. R Squared Ltd acquired a new stake in LuxExperience B.V. during the third quarter valued at $187,000. GAMMA Investing LLC increased its position in LuxExperience B.V. by 59.3% in the 3rd quarter. GAMMA Investing LLC now owns 4,194 shares of the company's stock worth $42,000 after purchasing an additional 1,561 shares during the last quarter. Solas Capital Management LLC purchased a new stake in shares of LuxExperience B.V. during the 2nd quarter worth about $2,560,000. Engineers Gate Manager LP raised its stake in shares of LuxExperience B.V. by 212.2% during the 2nd quarter. Engineers Gate Manager LP now owns 65,245 shares of the company's stock worth $485,000 after purchasing an additional 44,345 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of LuxExperience B.V. by 2,291.9% during the 1st quarter. Bank of America Corp DE now owns 17,054 shares of the company's stock valued at $136,000 after buying an additional 16,341 shares during the last quarter. 10.07% of the stock is owned by institutional investors and hedge funds.

LuxExperience B.V. Company Profile

LuxExperience B.V. is a global luxury-fashion e-commerce company that operates the Mytheresa, NET-A-PORTER, MR PORTER and YOOX platforms. Its offerings include designer clothing, footwear, handbags, accessories, jewelry, watches and lifestyle products. The company serves customers internationally through its online platforms, which combine curated luxury assortments and editorial content with shopping services. Its brands address different segments of the market, from high-end designer fashion to a broader selection of luxury goods.

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