LuxExperience B.V. (NYSE:LUXE) Shares Gap Up - Should You Buy?

Key Points

• LuxExperience shares jumped 23.1%, opening at $8.39 versus a prior close of $7.15 and recently trading near $8.52 on volume of 336,355 shares.
• Analyst sentiment remains mixed: TD Cowen raised its price target to $9 and issued a “Buy” rating, but the overall consensus is “Hold” with an average target of $9.75.
• Institutional ownership stands at 10.07%, with several funds recently initiating or increasing positions, while LuxExperience has a $754.33 million market capitalization and operates luxury e-commerce platforms including Mytheresa, NET-A-PORTER and YOOX.

Shares of LuxExperience B.V. - Sponsored ADR (NYSE:LUXE - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $7.15, but opened at $8.39. LuxExperience B.V. shares last traded at $8.5150, with a volume of 336,355 shares traded.

Analysts Set New Price Targets

Several brokerages recently commented on LUXE. Weiss Ratings upgraded LuxExperience B.V. from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday. TD Cowen boosted their price target on LuxExperience B.V. from $8.00 to $9.00 and gave the company a "buy" rating in a research note on Wednesday, August 19th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, LuxExperience B.V. has a consensus rating of "Hold" and an average price target of $9.75.

LuxExperience B.V. Trading Up 23.1%

The firm's 50 day simple moving average is $7.84 and its two-hundred day simple moving average is $8.01. The stock has a market capitalization of $754.33 million, a P/E ratio of 2.14 and a beta of 1.06. The company has a quick ratio of 0.81, a current ratio of 2.33 and a debt-to-equity ratio of 0.13.

Institutional Trading of LuxExperience B.V.

A number of hedge funds and other institutional 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. Americana Partners LLC bought a new position in shares of LuxExperience B.V. in the 4th quarter worth $127,000. Bank of America Corp DE grew its position in LuxExperience B.V. by 2,291.9% in the 1st quarter. Bank of America Corp DE now owns 17,054 shares of the company's stock valued at $136,000 after purchasing an additional 16,341 shares during the period. Engineers Gate Manager LP increased its stake in LuxExperience B.V. by 212.2% during the 2nd quarter. Engineers Gate Manager LP now owns 65,245 shares of the company's stock valued at $485,000 after purchasing an additional 44,345 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in LuxExperience B.V. during the first quarter worth $635,000. 10.07% of the stock is owned by institutional investors.

About LuxExperience B.V.

LuxExperience B.V. is a global luxury e-commerce company operating digital platforms that connect consumers with premium fashion, accessories, beauty products and lifestyle goods. Its portfolio includes Mytheresa, NET-A-PORTER, MR PORTER, YOOX and THE OUTNET, offering products from a broad range of established luxury and designer brands.

The company serves customers internationally through localized websites and mobile experiences, providing online shopping, curated product selection, editorial content, customer service and related digital retail services.

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