Brokerages Set LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) Target Price at $9.50

Shares of LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) have received a consensus rating of “Hold” from the six research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $9.50.

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

LuxExperience B.V. Trading Down 0.0%

Shares of LUXE stock opened at $8.03 on Friday. 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 capitalization of $687.91 million, a P/E ratio of 1.96 and a beta of 1.07. The stock’s fifty day moving average is $7.76 and its two-hundred day moving average is $8.31. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 2.33.

Institutional Investors Weigh In On LuxExperience B.V.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Luxor Capital Group LP acquired a new position in LuxExperience B.V. during the third quarter worth $5,834,000. Capricorn Fund Managers Ltd acquired a new stake in shares of LuxExperience B.V. in the 4th quarter worth $6,303,000. Portolan Capital Management LLC acquired a new stake in shares of LuxExperience B.V. in the 3rd quarter worth $13,271,000. SPX Gestao de Recursos Ltda acquired a new stake in shares of LuxExperience B.V. in the 3rd quarter worth $3,178,000. Finally, Cannell Capital LLC purchased a new position in shares of LuxExperience B.V. during the 3rd quarter worth $8,891,000. Institutional investors and hedge funds own 10.07% of the company’s stock.

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.