LuxExperience B.V. (NYSE:LUXE) Releases Earnings Results, Misses Expectations By $0.43 EPS

LuxExperience B.V. (NYSE:LUXE) issued its earnings results on Wednesday. The company reported ($0.71) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.43), Zacks reports. The company had revenue of $670.38 million during the quarter, compared to the consensus estimate of $680.63 million. LuxExperience B.V. had a return on equity of 71.65% and a net margin of 29.45%.

LuxExperience B.V. Price Performance

Shares of NYSE LUXE opened at $8.45 on Friday. LuxExperience B.V. has a fifty-two week low of $6.18 and a fifty-two week high of $12.50. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.52 and a quick ratio of 1.14. The stock has a market capitalization of $724.16 million, a price-to-earnings ratio of 1.93 and a beta of 1.10.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LUXE. Millennium Management LLC acquired a new position in shares of LuxExperience B.V. in the third quarter worth $134,000. Wexford Capital LP acquired a new position in LuxExperience B.V. during the 3rd quarter worth $687,000. UBS Group AG purchased a new stake in shares of LuxExperience B.V. during the third quarter worth approximately $1,166,000. Boothbay Fund Management LLC purchased a new position in LuxExperience B.V. in the third quarter worth approximately $1,705,000. Finally, Prelude Capital Management LLC acquired a new position in LuxExperience B.V. during the 3rd quarter worth approximately $3,554,000. Hedge funds and other institutional investors own 10.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LUXE. Wall Street Zen cut LuxExperience B.V. from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of LuxExperience B.V. in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, LuxExperience B.V. has an average rating of “Sell”.

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.