LuxExperience B.V. (NYSE:LUXE) Shares Gap Down – Time to Sell?

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $8.87, but opened at $8.57. LuxExperience B.V. shares last traded at $8.59, with a volume of 19,439 shares changing hands.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of LuxExperience B.V. from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Thursday. Wall Street Zen downgraded LuxExperience B.V. from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of LuxExperience B.V. in a research report on Monday. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $9.00.

LuxExperience B.V. Trading Up 0.6%

The company has a quick ratio of 1.01, a current ratio of 2.46 and a debt-to-equity ratio of 0.12. The firm’s 50-day moving average is $9.12. The stock has a market cap of $733.59 million, a PE ratio of 1.96 and a beta of 1.10.

LuxExperience B.V. (NYSE:LUXE) last posted its earnings results on Wednesday, November 19th. The company reported ($0.71) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.43). The business had revenue of $670.38 million during the quarter, compared to the consensus estimate of $680.63 million. LuxExperience B.V. had a return on equity of 58.60% and a net margin of 29.45%.

Hedge Funds Weigh In On LuxExperience B.V.

Several hedge funds have recently added to or reduced their stakes in the company. Sylebra Capital LLC bought a new position in shares of LuxExperience B.V. during the third quarter valued at approximately $31,351,000. Portolan Capital Management LLC bought a new stake in shares of LuxExperience B.V. in the third quarter valued at about $13,271,000. Cannell Capital LLC bought a new stake in shares of LuxExperience B.V. in the 3rd quarter valued at about $8,891,000. Invesco Ltd. purchased a new position in LuxExperience B.V. during the third quarter valued at approximately $7,292,000. Finally, Zweig DiMenna Associates LLC purchased a new position in shares of LuxExperience B.V. in the 3rd quarter valued at $6,372,000. 10.07% of the stock is currently owned by 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.