TD Cowen Issues Positive Forecast for LuxExperience B.V. (NYSE:LUXE) Stock Price

Key Points

• TD Cowen raised its price target for LuxExperience to $11 from $9 and maintained a “buy” rating, implying 23.5% upside from the prior close.
• Analyst sentiment remains mixed: the stock has an average “hold” rating and a consensus price target of $10.75, with two buys, three holds and one sell.
• LUXE opened at $8.91, compared with a 52-week range of $6.54 to $11.38. CEO Michael Kliger sold 75,412 shares, while institutional ownership stands at 10.07%.

LuxExperience B.V. (NYSE:LUXE - Get Free Report) had its target price hoisted by equities research analysts at TD Cowen from $9.00 to $11.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a "buy" rating on the stock. TD Cowen's target price indicates a potential upside of 23.50% from the company's previous close.

A number of other equities research analysts have also commented on the company. B. Riley Financial increased their price target on LuxExperience B.V. from $12.00 to $13.00 and gave the company a "buy" rating in a research report on Thursday, September 17th. JPMorgan Chase & Co. increased their target price on shares of LuxExperience B.V. from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Thursday, September 17th. Weiss Ratings raised shares of LuxExperience B.V. from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, September 11th. Wall Street Zen raised shares of LuxExperience B.V. from a "strong sell" rating to a "sell" rating in a research report on Saturday, September 19th. Finally, Zacks Research lowered LuxExperience B.V. from a "hold" rating to a "strong sell" rating in a report on Wednesday, September 16th. Two investment analysts have 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 MarketBeat, the company presently has an average rating of "Hold" and an average target price of $10.75.

LuxExperience B.V. Price Performance

Shares of NYSE LUXE opened at $8.91 on Thursday. LuxExperience B.V. has a fifty-two week low of $6.54 and a fifty-two week high of $11.38. The stock has a market cap of $763.33 million, a price-to-earnings ratio of -6.23 and a beta of 1.06. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 2.20. The firm's 50-day simple moving average is $8.03 and its 200 day simple moving average is $8.00.

Insiders Place Their Bets

In other LuxExperience B.V. news, CEO Michael Kliger sold 75,412 shares of the stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $10.02, for a total transaction of $755,628.24. Following the completion of the transaction, the chief executive officer owned 75,412 shares in the company, valued at $755,628.24. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.90% of the company's stock.

Institutional Trading of LuxExperience B.V.

Institutional investors have recently modified their holdings of the business. Stoic Point Capital Management LLC raised its stake in shares of LuxExperience B.V. by 58.8% during the 1st quarter. Stoic Point Capital Management LLC now owns 1,640,509 shares of the company's stock valued at $13,124,000 after purchasing an additional 607,240 shares during the period. Nixon Capital LLC purchased a new position in LuxExperience B.V. during the 4th quarter valued at about $10,711,000. Capricorn Fund Managers Ltd increased its position in shares of LuxExperience B.V. by 35.5% during the first quarter. Capricorn Fund Managers Ltd now owns 1,023,172 shares of the company's stock valued at $8,155,000 after buying an additional 268,263 shares during the period. Luxor Capital Group LP increased its position in shares of LuxExperience B.V. by 11.9% during the first quarter. Luxor Capital Group LP now owns 920,435 shares of the company's stock valued at $7,363,000 after buying an additional 98,200 shares during the period. Finally, DJE Kapital AG purchased a new stake in shares of LuxExperience B.V. in the first quarter worth about $6,119,000. 10.07% of the stock is currently owned by hedge funds and other institutional investors.

About LuxExperience B.V.

LuxExperience B.V. is a global luxury e-commerce company operating digital platforms that connect consumers with premium fashion, accessories, beauty products and lifestyle goods. Its portfolio includes Mytheresa, NET-A-PORTER, MR PORTER, YOOX and THE OUTNET, offering products from a broad range of established luxury and designer brands.

The company serves customers internationally through localized websites and mobile experiences, providing online shopping, curated product selection, editorial content, customer service and related digital retail services.

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