LuxExperience B.V. (NYSE:LUXE) Upgraded by Wall Street Zen to Sell Rating

Key Points

• Wall Street Zen upgraded LuxExperience B.V. from "strong sell" to "sell", though the overall analyst view remains cautious.
• Across analysts, LuxExperience currently has an average "Hold" rating with an average $10.00 price target; one analyst rates it a Buy, three rate it Hold, and one rates it Sell.
• The stock opened at $8.58, below the consensus price target, and the company has a $735.31 million market cap with a low debt-to-equity ratio of 0.12.

LuxExperience B.V. (NYSE:LUXE - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "strong sell" rating to a "sell" rating in a research note issued to investors on Sunday.

Other research analysts have also issued research reports about the company. B. Riley Financial initiated coverage on LuxExperience B.V. in a report on Thursday, January 15th. They set a "buy" rating and a $12.00 price target on the stock. Weiss Ratings raised shares of LuxExperience B.V. from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, May 4th. JPMorgan Chase & Co. reduced their target price on shares of LuxExperience B.V. from $10.00 to $9.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 14th. Zacks Research lowered shares of LuxExperience B.V. from a "hold" rating to a "strong sell" rating in a report on Monday, January 26th. Finally, Jefferies Financial Group assumed coverage on shares of LuxExperience B.V. in a research note on Wednesday, January 14th. They issued a "hold" rating and a $9.00 price target for the company. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $10.00.

LuxExperience B.V. Stock Performance

Shares of LUXE stock opened at $8.58 on Friday. The company has a current ratio of 2.12, a quick ratio of 0.83 and a debt-to-equity ratio of 0.12. The business's fifty day simple moving average is $8.64 and its 200-day simple moving average is $8.82. The company has a market cap of $735.31 million, a PE ratio of 1.99 and a beta of 1.16. LuxExperience B.V. has a 12-month low of $7.00 and a 12-month high of $11.38.

Institutional Investors Weigh In On LuxExperience B.V.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. DJE Kapital AG acquired a new position in shares of LuxExperience B.V. in the 1st quarter worth approximately $6,119,000. Zweig DiMenna Associates LLC increased its holdings in LuxExperience B.V. by 15.2% in the 1st quarter. Zweig DiMenna Associates LLC now owns 590,000 shares of the company's stock valued at $4,720,000 after purchasing an additional 78,000 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in LuxExperience B.V. in the first quarter valued at approximately $635,000. Capricorn Fund Managers Ltd raised its position in LuxExperience B.V. by 35.5% in the first quarter. Capricorn Fund Managers Ltd now owns 1,023,172 shares of the company's stock valued at $8,155,000 after purchasing an additional 268,263 shares during the period. Finally, Invesco Ltd. lifted its stake in LuxExperience B.V. by 16.7% during the fourth quarter. Invesco Ltd. now owns 1,001,319 shares of the company's stock worth $8,361,000 after purchasing an additional 143,381 shares in the last quarter. 10.07% of the stock is owned by hedge funds and other institutional investors.

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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