LuxExperience B.V. (NYSE:LUXE) Price Target Raised to $9.00 at TD Cowen

LuxExperience B.V. (NYSE:LUXE) had its target price upped by TD Cowen from $8.00 to $9.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. TD Cowen’s price target indicates a potential upside of 16.20% from the stock’s current price.

Several other brokerages have also recently issued reports on LUXE. Weiss Ratings cut shares of LuxExperience B.V. from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, June 2nd. Wall Street Zen downgraded shares of LuxExperience B.V. from a “sell” rating to a “strong sell” rating in a research note on Monday, May 18th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, LuxExperience B.V. currently has an average rating of “Hold” and an average target price of $9.75.

LuxExperience B.V. Stock Up 2.6%

Shares of LUXE stock traded up $0.20 on Wednesday, hitting $7.75. The stock had a trading volume of 29,302 shares, compared to its average volume of 242,482. 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 $7.85 and a 200 day moving average price of $8.21. The company has a market cap of $663.75 million, a PE ratio of 1.89 and a beta of 1.06. LuxExperience B.V. has a one year low of $6.54 and a one year high of $11.38.

Institutional Investors Weigh In On LuxExperience B.V.

A number of hedge funds and other institutional investors have recently bought and sold shares of LUXE. Larson Financial Group LLC acquired a new stake in LuxExperience B.V. in the fourth quarter valued at approximately $52,000. HRT Financial LP acquired a new position in shares of LuxExperience B.V. during the fourth quarter worth $114,000. XTX Topco Ltd purchased a new stake in shares of LuxExperience B.V. during the 4th quarter valued at $125,000. Americana Partners LLC purchased a new stake in shares of LuxExperience B.V. during the 4th quarter valued at $127,000. Finally, Millennium Management LLC acquired a new stake in shares of LuxExperience B.V. in the 3rd quarter worth $134,000. Hedge funds and other institutional investors 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.