TD Cowen Increases LuxExperience B.V. (NYSE:LUXE) Price Target to $9.00

Key Points

• TD Cowen raised LuxExperience’s price target from $8.00 to $9.00 and maintained a “buy” rating, implying 16.2% upside from the reported $7.75 share price.
• Overall analyst sentiment remains mixed: two analysts rate the stock a Buy, three recommend Hold, and one rates it Sell. The consensus rating is “Hold,” with an average price target of $9.75.
• Institutional ownership stands at 10.07%, with several funds increasing their positions during the first quarter, including Stoic Point Capital Management, which boosted its stake by 58.8%.

LuxExperience B.V. (NYSE:LUXE - Get Free Report) had its target price increased by stock analysts at TD Cowen from $8.00 to $9.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. TD Cowen's price objective suggests a potential upside of 16.20% from the company's current price.

A number of other research analysts have also recently commented on the company. Weiss Ratings cut LuxExperience B.V. from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, June 2nd. Wall Street Zen cut shares of LuxExperience B.V. from a "sell" rating to a "strong sell" rating in a research report on Monday, May 18th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $9.75.

LuxExperience B.V. Price Performance

NYSE:LUXE traded up $0.20 on Wednesday, reaching $7.75. 29,302 shares of the company's stock traded hands, compared to its average volume of 242,482. The stock has a 50-day simple moving average of $7.85 and a 200-day simple moving average of $8.21. LuxExperience B.V. has a 12 month low of $6.54 and a 12 month high of $11.38. The firm has a market cap of $663.75 million, a PE ratio of 1.89 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.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stoic Point Capital Management LLC boosted its stake in shares of 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 purchasing an additional 607,240 shares during the period. DJE Kapital AG bought a new stake in LuxExperience B.V. during the 1st quarter valued at about $6,119,000. Luxor Capital Group LP grew its stake in LuxExperience B.V. by 11.9% in the 1st quarter. Luxor Capital Group LP now owns 920,435 shares of the company's stock worth $7,363,000 after acquiring an additional 98,200 shares in the last quarter. Nixon Capital LLC bought a new position in LuxExperience B.V. in the 4th quarter worth about $10,711,000. Finally, Zweig DiMenna Associates LLC raised its stake in shares of LuxExperience B.V. by 15.2% during the first quarter. Zweig DiMenna Associates LLC now owns 590,000 shares of the company's stock valued at $4,720,000 after acquiring an additional 78,000 shares in the last quarter. 10.07% of the stock is owned by hedge funds and other institutional investors.

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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