TD Cowen Forecasts Strong Price Appreciation for LuxExperience B.V. (NYSE:LUXE) Stock

LuxExperience B.V. (NYSE:LUXE) had its price target boosted by equities research analysts at TD Cowen from $9.00 to $11.00 in a research note issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s target price points to a potential upside of 23.50% from the company’s previous close.

A number of other research firms have also recently commented on LUXE. Zacks Research cut LuxExperience B.V. from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 16th. B. Riley Financial raised their price objective on LuxExperience B.V. from $12.00 to $13.00 and gave the company a “buy” rating in a report on Thursday, September 17th. 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. Wall Street Zen upgraded shares of LuxExperience B.V. from a “strong sell” rating to a “sell” rating in a report on Saturday, September 19th. Finally, 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, September 17th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $10.75.

LuxExperience B.V. Stock Down 5.1%

Shares of NYSE LUXE opened at $8.91 on Thursday. The company has a current ratio of 2.20, a quick ratio of 0.79 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average of $8.03 and a 200-day moving average of $8.00. The firm has a market capitalization of $763.33 million, a price-to-earnings ratio of -6.23 and a beta of 1.06. LuxExperience B.V. has a 12 month low of $6.54 and a 12 month high of $11.38.

Insider Activity

In related news, CEO Michael Kliger sold 75,412 shares of the firm’s stock in a transaction on Friday, September 18th. The stock was sold at an average price of $10.02, for a total value of $755,628.24. Following the completion of the sale, the chief executive officer owned 75,412 shares of the company’s stock, valued at $755,628.24. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On LuxExperience B.V.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Nixon Capital LLC bought a new position in LuxExperience B.V. in the fourth quarter worth about $10,711,000. DJE Kapital AG purchased a new position in shares of LuxExperience B.V. in the 1st quarter valued at approximately $6,119,000. Stoic Point Capital Management LLC boosted its position 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 in the last quarter. Solas Capital Management LLC bought a new position in LuxExperience B.V. in the second quarter worth $2,560,000. Finally, Capricorn Fund Managers Ltd boosted its holdings 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 buying an additional 268,263 shares in the last quarter. 10.07% of the stock is owned by hedge funds and other institutional investors.

LuxExperience B.V. Company Profile

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.