LuxExperience B.V. (NYSE:LUXE) Shares Up 4.7% After Analyst Upgrade

Key Points

• LuxExperience shares rose 4.7% to $9.34 after TD Cowen raised its price target from $9 to $11 and maintained a Buy rating. The consensus target is $10.75, while the overall analyst rating remains Hold.
• Analyst views are mixed: B. Riley raised its target to $13 with a Buy rating, JPMorgan raised its target to $10 with a Neutral rating, while Zacks downgraded the stock to Strong Sell.
• CEO Michael Kliger sold 75,412 shares at an average price of $10.02, cutting his position by 50%. Institutional ownership stands at 10.07%, with several funds recently increasing their stakes.

LuxExperience B.V. - Sponsored ADR (NYSE:LUXE - Get Free Report) was up 4.7% during trading on Thursday after TD Cowen raised their price target on the stock from $9.00 to $11.00. TD Cowen currently has a buy rating on the stock. LuxExperience B.V. traded as high as $9.41 and last traded at $9.34. Approximately 145,377 shares changed hands during trading, a decline of 42% from the average daily volume of 249,465 shares. The stock had previously closed at $8.92.

Several other research analysts have also issued reports on LUXE. B. Riley Financial increased their target price on LuxExperience B.V. from $12.00 to $13.00 and gave the stock a "buy" rating in a research report on Thursday, September 17th. Weiss Ratings raised LuxExperience B.V. from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, September 11th. JPMorgan Chase & Co. upped their price target on LuxExperience B.V. from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Thursday, September 17th. Zacks Research downgraded LuxExperience B.V. from a "hold" rating to a "strong sell" rating in a research note on Wednesday, September 16th. Finally, Wall Street Zen raised LuxExperience B.V. from a "strong sell" rating to a "sell" rating in a research report on Saturday, September 19th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $10.75.

Insider Activity

In related news, CEO Michael Kliger sold 75,412 shares of LuxExperience B.V. stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $10.02, for a total transaction of $755,628.24. Following the sale, the chief executive officer owned 75,412 shares of the company's stock, valued at approximately $755,628.24. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.90% of the company's stock.

Institutional Investors Weigh In On LuxExperience B.V.

A number of institutional investors have recently added to or reduced their stakes in LUXE. Solas Capital Management LLC bought a new stake in shares of LuxExperience B.V. during the second quarter valued at approximately $2,560,000. Engineers Gate Manager LP boosted its position in shares of LuxExperience B.V. by 212.2% during the second quarter. Engineers Gate Manager LP now owns 65,245 shares of the company's stock worth $485,000 after acquiring an additional 44,345 shares during the last quarter. Bank of America Corp DE boosted its position in shares of LuxExperience B.V. by 2,291.9% during the first quarter. Bank of America Corp DE now owns 17,054 shares of the company's stock worth $136,000 after acquiring an additional 16,341 shares during the last quarter. Stoic Point Capital Management LLC grew its stake in LuxExperience B.V. by 58.8% during the first quarter. Stoic Point Capital Management LLC now owns 1,640,509 shares of the company's stock valued at $13,124,000 after acquiring an additional 607,240 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in LuxExperience B.V. by 12.0% during the first quarter. Royal Bank of Canada now owns 127,621 shares of the company's stock valued at $1,020,000 after acquiring an additional 13,664 shares in the last quarter. 10.07% of the stock is owned by hedge funds and other institutional investors.

LuxExperience B.V. Stock Performance

The company has a market capitalization of $800.01 million, a P/E ratio of -6.53 and a beta of 1.06. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.79 and a current ratio of 2.20. The business's fifty day simple moving average is $8.03 and its 200-day simple moving average is $8.00.

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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