LuxExperience B.V. - Sponsored ADR (NYSE:LUXE) Stock Has Average Price Target of $11.18 According to Brokerages

Key Points

• Analyst sentiment is mixed: Seven analysts give LuxExperience an average “Hold” rating, with four holds and three buys. The average 12-month price target is $11.18, compared with the stock’s recent price of $9.53.
• LUXE shares trade between a 52-week range of $6.54 to $11.38, with a market capitalization of approximately $816 million. Recent ratings included Bernstein’s “outperform” designation with a $12.90 target and TD Cowen’s “buy” rating with an $11 target.
• Insider selling has been notable: Company insiders sold 417,861 shares worth about $4.2 million over the past three months, while insiders currently own 1.90% of the stock. Institutional investors and hedge funds own 10.07%.

Shares of LuxExperience B.V. - Sponsored ADR (NYSE:LUXE - Get Free Report) have been assigned an average recommendation of "Hold" from the seven analysts that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $11.18.

A number of brokerages recently issued reports on LUXE. Zacks Research raised LuxExperience B.V. from a "strong sell" rating to a "hold" rating in a research report on Thursday, October 15th. Sanford C. Bernstein initiated coverage on shares of LuxExperience B.V. in a research note on Tuesday, October 6th. They set an "outperform" rating and a $12.90 target price for the company. Wall Street Zen upgraded shares of LuxExperience B.V. from a "strong sell" rating to a "sell" rating in a research report on Saturday, September 19th. JPMorgan Chase & Co. boosted their price target on shares of LuxExperience B.V. from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Thursday, September 17th. Finally, TD Cowen boosted their price target on shares of LuxExperience B.V. from $9.00 to $11.00 and gave the company a "buy" rating in a research note on Thursday, September 24th.

LuxExperience B.V. Price Performance

NYSE:LUXE opened at $9.53 on Friday. LuxExperience B.V. has a 52 week low of $6.54 and a 52 week high of $11.38. The company has a quick ratio of 0.79, a current ratio of 2.20 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $816.45 million, a P/E ratio of -6.66 and a beta of 1.02. The stock's fifty day moving average is $8.87 and its two-hundred day moving average is $8.37.

Insiders Place Their Bets

In other LuxExperience B.V. news, CEO Michael Kliger sold 8,460 shares of the business's stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $10.08, for a total value of $85,276.80. Following the sale, the chief executive officer owned 8,460 shares of the company's stock, valued at $85,276.80. The trade was 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. In the last three months, insiders have sold 417,861 shares of company stock valued at $4,218,080. 1.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On LuxExperience B.V.

A number of institutional investors have recently modified their holdings of the company. Solas Capital Management LLC purchased a new stake in LuxExperience B.V. during the second quarter worth about $2,560,000. Stoic Point Capital Management LLC boosted its stake in shares of LuxExperience B.V. by 58.8% in the first 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. DJE Kapital AG purchased a new position in shares of LuxExperience B.V. in the first quarter valued at approximately $6,119,000. Luxor Capital Group LP grew its holdings in shares of LuxExperience B.V. by 11.9% in the first quarter. Luxor Capital Group LP now owns 920,435 shares of the company's stock valued at $7,363,000 after purchasing an additional 98,200 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of LuxExperience B.V. in the first quarter valued at approximately $635,000. 10.07% of the stock is owned by institutional investors and hedge funds.

About LuxExperience B.V.

LuxExperience B.V. is a global luxury e-commerce company that operates digital platforms serving fashion and lifestyle customers. The company's portfolio includes Mytheresa, NET-A-PORTER, MR PORTER, YOOX and THE OUTNET, offering designer apparel, accessories, jewelry, watches, beauty products and related luxury goods.

Its platforms provide curated selections from luxury and premium brands, combining online retail with services such as editorial content, personalized shopping and customer support.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.