LuxExperience B.V. (NYSE:LUXE) Shares Gap Down - Here's What Happened

Key Points

• LuxExperience shares fell at the open: LUXE gapped down from a prior close of $8.10 to $7.78 and last traded at $7.9560 on relatively light volume.
• Analyst sentiment remains mixed but cautious: Recent firms lowered their price targets, with targets ranging from $8 to $9 and ratings spanning Buy to Strong Sell. The consensus rating is Hold, with an average target price of $9.50.
• Institutional ownership is limited: Several investment firms recently initiated positions, but hedge funds and other institutions collectively own only 10.07% of the company.

Shares of LuxExperience B.V. - Sponsored ADR (NYSE:LUXE - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $8.10, but opened at $7.78. LuxExperience B.V. shares last traded at $7.9560, with a volume of 1,245 shares.

Wall Street Analyst Weigh In

LUXE has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their target price on LuxExperience B.V. from $10.00 to $9.00 and set a "neutral" rating on the stock in a report on Tuesday, April 14th. Wall Street Zen cut LuxExperience B.V. from a "sell" rating to a "strong sell" rating in a research report on Monday, May 18th. TD Cowen lowered their price target on LuxExperience B.V. from $12.00 to $8.00 and set a "buy" rating for the company in a research report on Wednesday, May 20th. Finally, Weiss Ratings cut LuxExperience B.V. from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, June 2nd. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $9.50.

LuxExperience B.V. Stock Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 2.33. The stock has a market cap of $675.32 million, a PE ratio of 1.94 and a beta of 1.06. The company's 50-day moving average price is $7.81 and its two-hundred day moving average price is $8.23.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LUXE. Larson Financial Group LLC bought a new stake in shares of LuxExperience B.V. during the fourth quarter valued at approximately $52,000. HRT Financial LP purchased a new position in shares of LuxExperience B.V. in the fourth quarter worth $114,000. XTX Topco Ltd purchased a new position in shares of LuxExperience B.V. in the fourth quarter worth $125,000. Americana Partners LLC bought a new position in shares of LuxExperience B.V. during the fourth quarter valued at $127,000. Finally, Millennium Management LLC purchased a new stake in shares of LuxExperience B.V. during the third quarter valued at $134,000. Hedge funds and other 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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