LuxExperience B.V. (NYSE:LUXE) Given New $9.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan cut its price target for LuxExperience (NYSE:LUXE) from $10 to $9 and maintained a neutral rating, implying roughly a 4.6% upside from the prior close.
• Analyst coverage is mixed but leans to Hold — the consensus rating is Hold with an average price target of $10 (1 Buy, 3 Hold, 1 Sell), including B. Riley's $12 target and Zacks' downgrade to Strong Sell.
• Shares traded down 4.8% to $8.61, valuing the company at about $737 million with a low P/E of 1.99 and approximately 10% ownership by institutional investors.

LuxExperience B.V. (NYSE:LUXE - Get Free Report) had its price objective cut by investment analysts at JPMorgan Chase & Co. from $10.00 to $9.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 4.59% from the stock's previous close.

A number of other brokerages also recently commented on LUXE. Jefferies Financial Group began coverage on LuxExperience B.V. in a research report on Wednesday, January 14th. They set a "hold" rating and a $9.00 price objective on the stock. Zacks Research downgraded LuxExperience B.V. from a "hold" rating to a "strong sell" rating in a research note on Monday, January 26th. Weiss Ratings reiterated a "hold (c-)" rating on shares of LuxExperience B.V. in a report on Monday, December 29th. Finally, B. Riley Financial initiated coverage on shares of LuxExperience B.V. in a research report on Thursday, January 15th. They set a "buy" rating and a $12.00 price target on the stock. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $10.00.

LuxExperience B.V. Stock Down 4.8%

LUXE traded down $0.44 during trading on Tuesday, reaching $8.61. The company's stock had a trading volume of 116,510 shares, compared to its average volume of 287,970. The company has a market capitalization of $737.44 million, a P/E ratio of 1.99 and a beta of 1.15. The stock has a fifty day simple moving average of $8.72. LuxExperience B.V. has a 1 year low of $6.95 and a 1 year high of $11.38. The company has a current ratio of 2.12, a quick ratio of 0.83 and a debt-to-equity ratio of 0.12.

Institutional Trading of LuxExperience B.V.

Several institutional investors and hedge funds have recently bought and sold shares of LUXE. GAMMA Investing LLC acquired a new position in LuxExperience B.V. in the fourth quarter valued at about $26,000. Boothbay Fund Management LLC raised its stake in shares of LuxExperience B.V. by 2.4% in the 4th quarter. Boothbay Fund Management LLC now owns 205,488 shares of the company's stock valued at $1,716,000 after acquiring an additional 4,872 shares during the period. State of Wyoming acquired a new position in shares of LuxExperience B.V. in the 3rd quarter worth approximately $49,000. Larson Financial Group LLC acquired a new position in shares of LuxExperience B.V. in the 4th quarter worth approximately $52,000. Finally, The Manufacturers Life Insurance Company boosted its position in shares of LuxExperience B.V. by 64.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 22,095 shares of the company's stock worth $184,000 after purchasing an additional 8,685 shares during the period. 10.07% of the stock is currently owned by hedge funds and other institutional investors.

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.

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