LuxExperience B.V. (NYSE:LUXE) Trading Up 6.3% on Analyst Upgrade

Key Points

• LuxExperience shares rose 6.3% to about $10.08 after B. Riley Financial raised its price target from $12 to $13 and maintained a Buy rating.
• Analyst sentiment remains mixed: two analysts rate the stock Buy, three Hold, and one Sell. The consensus rating is Hold, with an average price target of $10.25.
• Institutional investors have increased exposure, while institutional ownership stands at 10.07%. The company has a market capitalization of approximately $860 million and operates luxury e-commerce platforms including Mytheresa, NET-A-PORTER, MR PORTER, YOOX and THE OUTNET.

LuxExperience B.V. - Sponsored ADR (NYSE:LUXE - Get Free Report)'s share price rose 6.3% on Friday after B. Riley Financial raised their price target on the stock from $12.00 to $13.00. B. Riley Financial currently has a buy rating on the stock. LuxExperience B.V. traded as high as $10.09 and last traded at $10.0750. Approximately 206,139 shares were traded during trading, a decline of 16% from the average session volume of 245,573 shares. The stock had previously closed at $9.48.

Several other analysts also recently issued reports on the stock. Weiss Ratings raised shares of LuxExperience B.V. from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, September 11th. JPMorgan Chase & Co. lifted their target price on shares of LuxExperience B.V. from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, TD Cowen lifted their target price on LuxExperience B.V. from $8.00 to $9.00 and gave the stock a "buy" rating in a research note on Wednesday, August 19th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $10.25.

Institutional Investors Weigh In On LuxExperience B.V.

Large investors have recently modified their holdings of the stock. Nixon Capital LLC purchased a new position in LuxExperience B.V. during the fourth quarter valued at approximately $10,711,000. DJE Kapital AG purchased a new stake in LuxExperience B.V. in the 1st quarter worth approximately $6,119,000. Stoic Point Capital Management LLC grew its stake in shares of LuxExperience B.V. by 58.8% during the 1st quarter. Stoic Point Capital Management LLC now owns 1,640,509 shares of the company's stock worth $13,124,000 after purchasing an additional 607,240 shares during the period. Solas Capital Management LLC acquired a new position in shares of LuxExperience B.V. in the 2nd quarter valued at $2,560,000. Finally, Capricorn Fund Managers Ltd lifted its stake in shares of LuxExperience B.V. by 35.5% in the 1st 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. Institutional investors own 10.07% of the company's stock.

LuxExperience B.V. Price Performance

The stock has a market capitalization of $860.43 million, a PE ratio of -7.03 and a beta of 1.06. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.33 and a quick ratio of 0.81. The stock's fifty day moving average is $7.90 and its 200-day 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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