LuxExperience B.V. (NYSE:LUXE) Shares Gap Up – Time to Buy?

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) shares 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.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LUXE. Weiss Ratings raised LuxExperience B.V. from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday. TD Cowen lifted their target price on LuxExperience B.V. from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Two equities research 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.75.

LuxExperience B.V. Trading Up 23.1%

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 firm’s fifty day moving average is $7.84 and its two-hundred day moving average is $8.01. The firm has a market capitalization of $754.33 million, a PE ratio of 2.14 and a beta of 1.06.

Institutional Trading of LuxExperience B.V.

Institutional investors and hedge funds have recently modified their holdings of the business. Stoic Point Capital Management LLC raised 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. Nixon Capital LLC purchased a new position in LuxExperience B.V. in the fourth quarter valued at about $10,711,000. Capricorn Fund Managers Ltd grew its position in shares of LuxExperience B.V. by 35.5% during the 1st quarter. Capricorn Fund Managers Ltd now owns 1,023,172 shares of the company’s stock valued at $8,155,000 after acquiring an additional 268,263 shares during the period. Luxor Capital Group LP grew its position in shares of LuxExperience B.V. by 11.9% during the 1st quarter. Luxor Capital Group LP now owns 920,435 shares of the company’s stock valued at $7,363,000 after acquiring an additional 98,200 shares during the period. Finally, DJE Kapital AG purchased a new stake in shares of LuxExperience B.V. during the 1st quarter worth approximately $6,119,000. 10.07% of the stock is owned by hedge funds and other 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.