LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) Receives Average Rating of “Hold” from Brokerages

Shares of LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) have been assigned an average rating of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat Ratings 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 twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $9.50.

LUXE has been the subject of several recent research reports. Weiss Ratings lowered LuxExperience B.V. from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, June 2nd. TD Cowen decreased their price objective on LuxExperience B.V. from $12.00 to $8.00 and set a “buy” rating for the company in a report on Wednesday, May 20th. JPMorgan Chase & Co. dropped their target price on LuxExperience B.V. from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Finally, Wall Street Zen downgraded LuxExperience B.V. from a “sell” rating to a “strong sell” rating in a research report on Monday, May 18th.

Institutional Investors Weigh In On LuxExperience B.V.

Several hedge funds and other institutional investors have recently modified their holdings of LUXE. Luxor Capital Group LP purchased a new stake in shares of LuxExperience B.V. in the third quarter worth about $5,834,000. Capricorn Fund Managers Ltd purchased a new stake in shares of LuxExperience B.V. in the fourth quarter worth about $6,303,000. Portolan Capital Management LLC purchased a new stake in shares of LuxExperience B.V. in the third quarter worth about $13,271,000. SPX Gestao de Recursos Ltda purchased a new stake in shares of LuxExperience B.V. in the third quarter worth about $3,178,000. Finally, Cannell Capital LLC purchased a new stake in shares of LuxExperience B.V. in the third quarter worth $8,891,000. 10.07% of the stock is currently owned by institutional investors.

LuxExperience B.V. Trading Up 1.6%

Shares of LUXE opened at $7.51 on Friday. The business has a 50-day moving average of $7.88 and a 200 day moving average of $8.37. LuxExperience B.V. has a fifty-two week low of $6.54 and a fifty-two week high of $11.38. The firm has a market cap of $643.18 million, a P/E ratio of 1.83 and a beta of 1.08. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 2.33.

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.