LuxExperience B.V. (NYSE:LUXE) Shares Gap Down Following Analyst Downgrade

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) gapped down prior to trading on Wednesday after JPMorgan Chase & Co. downgraded the stock from an overweight rating to a neutral rating. The stock had previously closed at $10.27, but opened at $9.73. JPMorgan Chase & Co. now has a $10.00 price target on the stock. LuxExperience B.V. shares last traded at $9.77, with a volume of 341,579 shares trading hands.

LUXE has been the topic of several other reports. Jefferies Financial Group began coverage on LuxExperience B.V. in a report on Wednesday, January 14th. They set a “hold” rating and a $9.00 target price on the stock. B. Riley Financial assumed coverage on shares of LuxExperience B.V. in a research note on Thursday, January 15th. They set a “buy” rating and a $12.00 price objective on the stock. Zacks Research cut shares of LuxExperience B.V. from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of LuxExperience B.V. in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $10.33.

Institutional Trading of LuxExperience B.V.

A number of hedge funds have recently made changes to their positions in LUXE. Zweig DiMenna Associates LLC acquired a new stake in LuxExperience B.V. in the third quarter valued at $6,372,000. Capricorn Fund Managers Ltd acquired a new position in LuxExperience B.V. during the 4th quarter worth $6,303,000. Fiscal Wisdom Wealth Management LLC increased its position in shares of LuxExperience B.V. by 41.4% in the 4th quarter. Fiscal Wisdom Wealth Management LLC now owns 38,315 shares of the company’s stock worth $320,000 after purchasing an additional 11,225 shares during the last quarter. Prelude Capital Management LLC acquired a new stake in shares of LuxExperience B.V. in the 3rd quarter valued at about $3,554,000. Finally, Broad Bay Capital Management LP acquired a new stake in shares of LuxExperience B.V. in the 4th quarter valued at about $2,705,000. Institutional investors and hedge funds own 10.07% of the company’s stock.

LuxExperience B.V. Price Performance

The company has a market capitalization of $838.14 million, a price-to-earnings ratio of 2.26 and a beta of 1.11. The firm has a 50-day moving average price of $8.57. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.83 and a current ratio of 2.12.

LuxExperience B.V. (NYSE:LUXE) last announced its quarterly earnings data on Wednesday, November 19th. The company reported ($0.71) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.43). LuxExperience B.V. had a net margin of 22.82% and a return on equity of 44.51%. The firm had revenue of $670.38 million for the quarter, compared to analyst estimates of $680.63 million.

LuxExperience B.V. Company Profile

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. It serves high-income luxury consumers. The company was founded in 1987 and is based in Munich, Germany.