LuxExperience B.V. (NYSE:LUXE) Shares Up 6.3% After Analyst Upgrade

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE)’s share price traded up 6.3% during trading 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 changed hands during trading, a decline of 16% from the average session volume of 245,573 shares. The stock had previously closed at $9.48.

A number of other research analysts have also weighed in on LUXE. JPMorgan Chase & Co. raised their price objective on LuxExperience B.V. from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Thursday. TD Cowen upped their target price on shares of LuxExperience B.V. from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Finally, Weiss Ratings upgraded shares of LuxExperience B.V. from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, September 11th. Two 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. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $10.25.

Institutional Investors Weigh In On LuxExperience B.V.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Solas Capital Management LLC acquired a new position in shares of LuxExperience B.V. in the second quarter worth $2,560,000. Stoic Point Capital Management LLC boosted its holdings in LuxExperience B.V. by 58.8% in 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 purchased a new position in LuxExperience B.V. in the first quarter valued at $6,119,000. Luxor Capital Group LP grew its stake in LuxExperience B.V. by 11.9% during the 1st quarter. Luxor Capital Group LP now owns 920,435 shares of the company’s stock worth $7,363,000 after purchasing an additional 98,200 shares in the last quarter. Finally, Nixon Capital LLC acquired a new position in LuxExperience B.V. during the 4th quarter worth $10,711,000. Hedge funds and other institutional investors own 10.07% of the company’s stock.

LuxExperience B.V. Trading Up 5.9%

The company has a current ratio of 2.33, a quick ratio of 0.81 and a debt-to-equity ratio of 0.13. The company has a market cap of $860.43 million, a PE ratio of -7.03 and a beta of 1.06. The company has a fifty day simple moving average of $7.90 and a two-hundred day simple moving average of $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.