LuxExperience B.V. (NYSE:LUXE) Downgraded by Wall Street Zen to "Strong Sell"

Key Points

• Wall Street Zen downgraded LuxExperience (NYSE:LUXE) from a "sell" to a strong sell, and Zacks Research has also moved the stock to "strong sell."
• Analyst views are mixed: JPMorgan cut its price target to $9 (neutral), Jefferies rates it a hold with a $9 target, and B. Riley rates it a buy with a $12 target, while MarketBeat's consensus remains Hold with a $10 target.
• Shares trade near $8.99 (52‑week range $6.95–$11.38) with a market cap of about $770M and a P/E of ~2.1, and institutional ownership is around 10% despite several recent large stake purchases.

LuxExperience B.V. (NYSE:LUXE - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "sell" rating to a "strong sell" rating in a research report issued to clients and investors on Saturday.

LUXE has been the subject of several other research reports. JPMorgan Chase & Co. cut their target price on LuxExperience B.V. from $10.00 to $9.00 and set a "neutral" rating for the company in a research note on Tuesday, April 14th. Zacks Research downgraded LuxExperience B.V. from a "hold" rating to a "strong sell" rating in a research report on Monday, January 26th. Jefferies Financial Group assumed coverage on LuxExperience B.V. in a research report on Wednesday, January 14th. They set a "hold" rating and a $9.00 price target for the company. Finally, B. Riley Financial assumed coverage on LuxExperience B.V. in a research report on Thursday, January 15th. They set a "buy" rating and a $12.00 price target for the company. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, LuxExperience B.V. currently has an average rating of "Hold" and a consensus target price of $10.00.

LuxExperience B.V. Stock Down 0.1%

Shares of NYSE LUXE opened at $8.99 on Friday. LuxExperience B.V. has a 52 week low of $6.95 and a 52 week high of $11.38. The business has a 50-day simple moving average of $8.68 and a two-hundred day simple moving average of $8.80. The company has a quick ratio of 0.83, a current ratio of 2.12 and a debt-to-equity ratio of 0.12. The company has a market cap of $770.44 million, a P/E ratio of 2.08 and a beta of 1.16.

Institutional Trading of LuxExperience B.V.

A number of large investors have recently modified their holdings of the business. Sylebra Capital LLC bought a new stake in shares of LuxExperience B.V. during the 3rd quarter valued at about $31,351,000. Woodson Capital Management LP bought a new stake in LuxExperience B.V. in the 4th quarter worth approximately $30,060,000. Portolan Capital Management LLC bought a new stake in LuxExperience B.V. in the 3rd quarter worth approximately $13,271,000. Pillsbury Lake Capital LLC bought a new stake in LuxExperience B.V. in the 4th quarter worth approximately $12,602,000. Finally, Nixon Capital LLC bought a new stake in LuxExperience B.V. in the 4th quarter worth approximately $10,711,000. 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.

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