LuxExperience B.V. (NYSE:LUXE) Shares Gap Down – What’s Next?

Shares of LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) gapped down prior to trading on Tuesday . The stock had previously closed at $8.10, but opened at $7.78. LuxExperience B.V. shares last traded at $7.9560, with a volume of 1,245 shares.

Wall Street Analysts Forecast Growth

Several analysts recently commented on LUXE shares. JPMorgan Chase & Co. cut their price objective on LuxExperience B.V. from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Wall Street Zen cut shares of LuxExperience B.V. from a “sell” rating to a “strong sell” rating in a research note on Monday, May 18th. TD Cowen decreased their price objective on shares of LuxExperience B.V. from $12.00 to $8.00 and set a “buy” rating on the stock in a research report on Wednesday, May 20th. Finally, Weiss Ratings downgraded shares of LuxExperience B.V. from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, June 2nd. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, LuxExperience B.V. currently has a consensus rating of “Hold” and a consensus target price of $9.50.

LuxExperience B.V. Stock Performance

The stock has a market cap of $675.32 million, a P/E ratio of 1.94 and a beta of 1.06. The company has a quick ratio of 0.81, a current ratio of 2.33 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average price of $7.81 and a 200 day moving average price of $8.23.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sylebra Capital LLC acquired a new position in LuxExperience B.V. during the 3rd quarter valued at approximately $31,351,000. Woodson Capital Management LP purchased a new position in LuxExperience B.V. during the fourth quarter valued at approximately $30,060,000. Stoic Point Capital Management LLC increased its position in shares of LuxExperience B.V. by 58.8% in the first quarter. Stoic Point Capital Management LLC now owns 1,640,509 shares of the company’s stock valued at $13,124,000 after buying an additional 607,240 shares in the last quarter. Pillsbury Lake Capital LLC purchased a new stake in LuxExperience B.V. in the 4th quarter worth $12,602,000. Finally, Nixon Capital LLC acquired a new stake in shares of LuxExperience B.V. in the fourth quarter valued at about $10,711,000. 10.07% of the stock is currently 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.