LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) Receives Consensus Recommendation of “Hold” from Analysts

Shares of LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) have earned a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $9.50.

Several equities analysts have recently weighed in on the company. Weiss Ratings cut LuxExperience B.V. from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 19th. Wall Street Zen cut LuxExperience B.V. from a “sell” rating to a “strong sell” rating in a report on Monday, May 18th. JPMorgan Chase & Co. cut their price objective on LuxExperience B.V. from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Finally, TD Cowen cut their price objective on LuxExperience B.V. from $12.00 to $8.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th.

LuxExperience B.V. Price Performance

LuxExperience B.V. stock opened at $7.19 on Tuesday. The firm has a market capitalization of $616.18 million, a P/E ratio of 1.76 and a beta of 1.16. LuxExperience B.V. has a 1 year low of $6.54 and a 1 year high of $11.38. The business has a 50-day moving average of $8.13 and a 200-day moving average of $8.60. The company has a current ratio of 2.33, a quick ratio of 0.81 and a debt-to-equity ratio of 0.13.

Hedge Funds Weigh In On LuxExperience B.V.

Several institutional investors have recently modified their holdings of the business. Bank of America Corp DE lifted its holdings in shares of LuxExperience B.V. by 2,291.9% during the 1st quarter. Bank of America Corp DE now owns 17,054 shares of the company’s stock valued at $136,000 after purchasing an additional 16,341 shares in the last quarter. Stoic Point Capital Management LLC lifted its stake in LuxExperience B.V. by 58.8% in the 1st quarter. Stoic Point Capital Management LLC now owns 1,640,509 shares of the company’s stock valued at $13,124,000 after acquiring an additional 607,240 shares in the last quarter. Royal Bank of Canada lifted its stake in LuxExperience B.V. by 12.0% in the 1st quarter. Royal Bank of Canada now owns 127,621 shares of the company’s stock valued at $1,020,000 after acquiring an additional 13,664 shares in the last quarter. Luxor Capital Group LP lifted its stake in LuxExperience B.V. by 11.9% in the 1st quarter. Luxor Capital Group LP now owns 920,435 shares of the company’s stock valued at $7,363,000 after acquiring an additional 98,200 shares in the last quarter. Finally, DJE Kapital AG bought a new stake in LuxExperience B.V. in the 1st quarter valued at approximately $6,119,000. Institutional investors own 10.07% of the company’s stock.

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.