LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) Stock Has Consensus Price Target of $11.18 According to Brokerages

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) has been given an average rating of “Moderate Buy” by the seven analysts that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $11.18.

Several research firms have recently weighed in on LUXE. Wall Street Zen upgraded LuxExperience B.V. from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 19th. B. Riley Financial upped their price target on shares of LuxExperience B.V. from $12.00 to $13.00 and gave the stock a “buy” rating in a report on Thursday, September 17th. TD Cowen initiated coverage on shares of LuxExperience B.V. in a research note on Friday, October 30th. They issued a “strong-buy” rating on the stock. Sanford C. Bernstein began coverage on shares of LuxExperience B.V. in a report on Tuesday, October 6th. They set an “outperform” rating and a $12.90 price objective for the company. Finally, JPMorgan Chase & Co. boosted their price objective on shares of LuxExperience B.V. from $9.00 to $10.00 and gave the company a “neutral” rating in a research report on Thursday, September 17th.

LuxExperience B.V. Price Performance

LUXE opened at $10.00 on Friday. The business has a fifty day moving average of $9.08 and a 200 day moving average of $8.41. The stock has a market cap of $856.74 million, a P/E ratio of -6.99 and a beta of 1.06. The company has a quick ratio of 0.79, a current ratio of 2.20 and a debt-to-equity ratio of 0.12. LuxExperience B.V. has a 52-week low of $6.54 and a 52-week high of $11.38.

Insider Activity at LuxExperience B.V.

In other news, CEO Michael Kliger sold 119,263 shares of the firm’s stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $10.04, for a total transaction of $1,197,400.52. Following the transaction, the chief executive officer directly owned 119,263 shares of the company’s stock, valued at approximately $1,197,400.52. 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 can be accessed through this link. Insiders have sold 417,861 shares of company stock worth $4,218,080 over the last 90 days. Company insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. DJE Kapital AG purchased a new position in shares of LuxExperience B.V. during the first quarter valued at $6,119,000. Stoic Point Capital Management LLC lifted its stake 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 worth $13,124,000 after acquiring an additional 607,240 shares during the period. Solas Capital Management LLC purchased a new stake in LuxExperience B.V. in the second quarter worth about $2,560,000. Luxor Capital Group LP grew its holdings 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 acquiring an additional 98,200 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in LuxExperience B.V. during the 1st quarter worth about $635,000. 10.07% of the stock is currently owned by hedge funds and other institutional investors.

About LuxExperience B.V.

LuxExperience B.V. is a global luxury e-commerce company that operates digital platforms serving fashion and lifestyle customers. The company’s portfolio includes Mytheresa, NET-A-PORTER, MR PORTER, YOOX and THE OUTNET, offering designer apparel, accessories, jewelry, watches, beauty products and related luxury goods.

Its platforms provide curated selections from luxury and premium brands, combining online retail with services such as editorial content, personalized shopping and customer support.