LuxExperience B.V. (NYSE:LUXE) Stock Price Up 11.5% - Time to Buy?

Key Points

• Shares jumped 11.5% on Wednesday to about $8.72 (intraday high $8.78) with roughly 252,419 shares traded, about 15% below its average daily volume.
• Analysts are mixed but lean neutral — MarketBeat shows a consensus rating of "Hold" (1 Buy, 3 Hold, 1 Sell) with an average target price of $10.33 and recent targets ranging $9–$12.
• The company has a market cap near $741 million, a very low P/E of 2.0 and light leverage (debt/equity 0.12), while institutional ownership is modest (~10%) and several hedge funds recently built small positions.

LuxExperience B.V. - Sponsored ADR (NYSE:LUXE - Get Free Report)'s stock price rose 11.5% during trading on Wednesday . The stock traded as high as $8.78 and last traded at $8.72. Approximately 252,419 shares changed hands during mid-day trading, a decline of 15% from the average daily volume of 296,770 shares. The stock had previously closed at $7.82.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LUXE. B. Riley Financial began coverage on LuxExperience B.V. in a research report on Thursday, January 15th. They set a "buy" rating and a $12.00 target price on the stock. Zacks Research lowered LuxExperience B.V. from a "hold" rating to a "strong sell" rating in a research report on Monday, January 26th. 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 target price on the stock. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of LuxExperience B.V. in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. lowered LuxExperience B.V. from an "overweight" rating to a "neutral" rating and set a $10.00 target price on the stock. in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $10.33.

LuxExperience B.V. Stock Up 10.6%

The stock has a market cap of $741.30 million, a price-to-earnings ratio of 2.00 and a beta of 1.15. The stock has a 50 day moving average price of $8.66. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.12 and a quick ratio of 0.83.

Hedge Funds Weigh In On LuxExperience B.V.

A number of 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 worth about $26,000. State of Wyoming acquired a new position in LuxExperience B.V. in the third quarter worth about $49,000. Larson Financial Group LLC acquired a new position in LuxExperience B.V. in the fourth quarter worth about $52,000. HRT Financial LP acquired a new position in LuxExperience B.V. in the fourth quarter worth about $114,000. Finally, XTX Topco Ltd acquired a new position in LuxExperience B.V. in the fourth quarter valued at approximately $125,000. 10.07% of the stock is currently owned by institutional investors and hedge funds.

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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