LuxExperience B.V. - Sponsored ADR (NYSE:LUXE) Given Consensus Rating of "Hold" by Brokerages

Key Points

• LuxExperience B.V. (NYSE:LUXE) has a consensus analyst rating of "Hold" from six covering firms, with one sell, three hold, and two buy ratings. The average 12-month price target is $9.50.
• Recent analyst actions were mixed: Weiss Ratings downgraded the stock, TD Cowen cut its target to $8.00 but kept a buy rating, Wall Street Zen moved to strong sell, and JPMorgan lowered its target to $9.00 with a neutral rating.
• The stock was trading at $8.21 with a market cap of about $704 million, and institutional ownership stands at 10.07%. The company operates a luxury e-commerce platform selling fashion and jewelry to high-income consumers.

Shares of LuxExperience B.V. - Sponsored ADR (NYSE:LUXE - Get Free Report) have been given an average rating of "Hold" by the six research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $9.50.

A number of brokerages have recently issued reports on LUXE. Weiss Ratings cut LuxExperience B.V. from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, June 2nd. TD Cowen lowered their target price on LuxExperience B.V. from $12.00 to $8.00 and set a "buy" rating on the stock in a research note on Wednesday, May 20th. Wall Street Zen cut LuxExperience B.V. from a "sell" rating to a "strong sell" rating in a report on Monday, May 18th. Finally, JPMorgan Chase & Co. reduced their price target on LuxExperience B.V. from $10.00 to $9.00 and set a "neutral" rating for the company in a research note on Tuesday, April 14th.

Hedge Funds Weigh In On LuxExperience B.V.

Several institutional investors and hedge funds have recently modified their holdings of the business. UBS Group AG bought a new position in LuxExperience B.V. during the third quarter worth about $1,166,000. Invesco Ltd. bought a new stake in LuxExperience B.V. in the 3rd quarter valued at about $7,292,000. Sylebra Capital LLC bought a new stake in LuxExperience B.V. in the 3rd quarter valued at about $31,351,000. Boothbay Fund Management LLC acquired a new position in shares of LuxExperience B.V. during the 3rd quarter worth approximately $1,705,000. Finally, Millennium Management LLC acquired a new position in shares of LuxExperience B.V. during the 3rd quarter worth approximately $134,000. 10.07% of the stock is currently owned by institutional investors and hedge funds.

LuxExperience B.V. Stock Up 0.2%

LuxExperience B.V. stock opened at $8.21 on Wednesday. The stock has a market cap of $704.03 million, a P/E ratio of 2.01 and a beta of 1.07. The company has a quick ratio of 0.81, a current ratio of 2.33 and a debt-to-equity ratio of 0.13. LuxExperience B.V. has a twelve month low of $6.54 and a twelve month high of $11.38. The company's 50-day moving average price is $7.55 and its two-hundred day moving average price is $8.24.

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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