LuxExperience B.V. (NYSE:LUXE) Shares Down 3.9% After Analyst Downgrade

Key Points

• Shares fell 3.9% after JPMorgan cut its price target from $10 to $9 while keeping a neutral rating; the stock traded as low as $8.79 (last $8.6840) on midday volume of ~61,750 shares, about 78% below average.
• Analysts are mixed—one Buy, three Hold and one Sell—giving LuxExperience an average "Hold" rating and an average price target of $10, with individual views ranging from B. Riley’s $12 Buy to Zacks’ downgrade to "strong sell".
• LuxExperience (Mytheresa) is a luxury e‑commerce operator with a market cap of roughly $736.6M, a low P/E of 1.99, and about 10.07% institutional ownership, while several hedge funds initiated small positions in the latest quarter.

LuxExperience B.V. - Sponsored ADR (NYSE:LUXE - Get Free Report)'s stock price was down 3.9% during trading on Tuesday after JPMorgan Chase & Co. lowered their price target on the stock from $10.00 to $9.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. LuxExperience B.V. traded as low as $8.79 and last traded at $8.6840. Approximately 61,750 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 286,967 shares. The stock had previously closed at $9.04.

Other equities analysts also recently issued reports about the company. Weiss Ratings reissued a "hold (c-)" rating on shares of LuxExperience B.V. in a research report on Monday, December 29th. Jefferies Financial Group started coverage on LuxExperience B.V. in a research report on Wednesday, January 14th. They issued a "hold" rating and a $9.00 target price on the stock. B. Riley Financial started coverage on LuxExperience B.V. in a research report on Thursday, January 15th. They issued a "buy" rating and a $12.00 target price on the stock. Finally, Zacks Research downgraded LuxExperience B.V. from a "hold" rating to a "strong sell" rating in a research report on Monday, January 26th. One 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 MarketBeat.com, LuxExperience B.V. presently has an average rating of "Hold" and an average price target of $10.00.

Hedge Funds Weigh In On LuxExperience B.V.

Hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC acquired a new position in shares of LuxExperience B.V. in the 4th quarter valued at $26,000. State of Wyoming purchased a new stake in LuxExperience B.V. in the third quarter valued at $49,000. Larson Financial Group LLC purchased a new stake in LuxExperience B.V. in the fourth quarter valued at $52,000. HRT Financial LP purchased a new stake in LuxExperience B.V. in the fourth quarter valued at $114,000. Finally, XTX Topco Ltd purchased a new stake in LuxExperience B.V. in the fourth quarter valued at $125,000. 10.07% of the stock is owned by institutional investors and hedge funds.

LuxExperience B.V. Price Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 2.12 and a quick ratio of 0.83. The firm has a market capitalization of $736.58 million, a P/E ratio of 1.99 and a beta of 1.15. The business's fifty day simple moving average is $8.72.

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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