LuxExperience B.V. (NYSE:LUXE) Shares Up 0.8% – Still a Buy?

LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) shares were up 0.8% on Tuesday . The company traded as high as $8.59 and last traded at $8.45. Approximately 396,216 shares changed hands during mid-day trading, an increase of 61% from the average daily volume of 245,928 shares. The stock had previously closed at $8.38.

Wall Street Analyst Weigh In

LUXE has been the topic of a number of analyst reports. Wall Street Zen cut LuxExperience B.V. from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. JPMorgan Chase & Co. lifted their price objective on LuxExperience B.V. from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, December 18th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of LuxExperience B.V. in a report on Monday, December 29th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $9.00.

LuxExperience B.V. Stock Up 0.8%

The stock has a market cap of $724.17 million, a PE ratio of 1.93 and a beta of 1.11. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.01 and a current ratio of 2.46. The company’s fifty day moving average is $8.96.

LuxExperience B.V. (NYSE:LUXE) last released 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 29.45% and a return on equity of 58.60%. The business had revenue of $670.38 million during the quarter, compared to the consensus estimate of $680.63 million.

Institutional Investors Weigh In On LuxExperience B.V.

Several institutional investors have recently modified their holdings of LUXE. Wexford Capital LP purchased a new stake in shares of LuxExperience B.V. during the 3rd quarter valued at about $687,000. Luxor Capital Group LP bought a new position in LuxExperience B.V. during the third quarter valued at approximately $5,834,000. Militia Capital Partners LP purchased a new stake in LuxExperience B.V. in the third quarter worth approximately $299,000. Cannell Capital LLC bought a new stake in LuxExperience B.V. in the 3rd quarter worth approximately $8,891,000. Finally, Portolan Capital Management LLC bought a new stake in LuxExperience B.V. in the 3rd quarter worth approximately $13,271,000. 10.07% of the stock is owned by hedge funds and other institutional investors.

About LuxExperience B.V.

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.