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

Key Points

• Analysts have a consensus “Hold” rating on LuxExperience, with three holds, two buys and one sell among six analysts. The average 12-month price target is $9.50.
• Recent research was mixed: Wall Street Zen downgraded the stock to “strong sell,” Weiss Ratings lowered its hold outlook, while TD Cowen maintained a “buy” rating but cut its price target to $8 from $12.
• LUXE shares opened at $7.64, near the lower end of their 52-week range of $6.54 to $11.38. The company has a market capitalization of about $655 million, and institutional investors own 10.07% of its shares.

LuxExperience B.V. - Sponsored ADR (NYSE:LUXE - Get Free Report) has earned a consensus rating of "Hold" from the six analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $9.50.

Several research firms have commented on LUXE. Wall Street Zen downgraded LuxExperience B.V. from a "sell" rating to a "strong sell" rating in a report on Monday, May 18th. Weiss Ratings cut LuxExperience B.V. from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, June 2nd. Finally, TD Cowen dropped their price target on LuxExperience B.V. from $12.00 to $8.00 and set a "buy" rating on the stock in a research report on Wednesday, May 20th.

LuxExperience B.V. Stock Up 0.9%

Shares of NYSE LUXE opened at $7.64 on Friday. 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 firm has a market capitalization of $655.18 million, a price-to-earnings ratio of 1.87 and a beta of 1.06. The stock has a 50 day moving average price of $7.83 and a 200 day moving average price of $8.22. LuxExperience B.V. has a 52-week low of $6.54 and a 52-week high of $11.38.

Institutional Trading of LuxExperience B.V.

A number of hedge funds have recently added to or reduced their stakes in the business. Larson Financial Group LLC purchased a new position in LuxExperience B.V. during the 4th quarter valued at about $52,000. HRT Financial LP bought a new stake in shares of LuxExperience B.V. in the 4th quarter valued at about $114,000. XTX Topco Ltd purchased a new stake in shares of LuxExperience B.V. in the 4th quarter worth approximately $125,000. Americana Partners LLC purchased a new stake in shares of LuxExperience B.V. in the 4th quarter worth approximately $127,000. Finally, Millennium Management LLC bought a new position in shares of LuxExperience B.V. during the third quarter valued at approximately $134,000. 10.07% of the stock is owned by hedge funds and other institutional investors.

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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